A major bullish signal has reappeared in the altcoin market, and traders are watching closely. Technical analysts have identified a Golden Cross—a pattern that often signals the beginning of a strong uptrend.

What Is a Golden Cross?

A Golden Cross happens when a shorter-term moving average (usually the 50-day) crosses above a longer-term average (like the 200-day). This pattern is widely seen as a sign of strengthening momentum and often sparks renewed buying interest.

In the altcoin space—excluding Bitcoin and Ethereum—this signal has appeared again on TradingView’s daily market cap chart.

Past Performance: 93% Rally in One Month

The last time this indicator appeared, the altcoin market cap jumped from under $600 billion to over $1.1 trillion in just one month—a staggering 93% surge.

With the current market cap sitting around $1.05 trillion, some analysts believe history could be about to repeat itself.

Why This Signal Matters Now

The Golden Cross comes at a time when Bitcoin and Ethereum have already led market gains, which is often when capital rotation into altcoins begins. Analysts also note that broader macroeconomic conditions, like the upcoming FOMC meeting, could serve as a tailwind for further growth.

“This isn’t just a chart pattern—it’s a market sentiment shift,” one trader noted. “Smart money is rotating into altcoins, and this signal is historically reliable when that happens.”

Recent Price Action

Last week, the altcoin market cap spiked to $1.09 trillion before a brief pullback. It found support around $974 billion and has since bounced back, suggesting growing strength.

As of now, the total altcoin market cap sits at $1.05 trillion. If momentum continues, a push toward the $1.16 trillion all-time high is within reach.

Summary

The appearance of a Golden Cross in the altcoin market has caught the attention of traders and analysts alike. With past performance showing nearly 100% gains in a month, and key support levels holding strong, optimism is rising for a new wave of altcoin growth. If momentum holds, the market could soon test or even surpass its previous highs.