Analyst Admits Selloff of Underperforming Altcoins, as Altseason Signals Grow and DOGE Flashes Bullish

A Crypto Analyst Explains Their Altcoin Selloff Amidst Rising Altseason Expectations

A prominent analyst recently revealed a selloff of underperforming altcoins, despite growing bullish altseason signals. Their rationale, shared on , highlights caution amidst current market conditions. The analyst stated: "I’ve sold most underperforming alts, not calling the top, just being cautious. Liquidity is tight, the Fed hasn’t fully pivoted, and Powell warned that easing won’t come easy. Until real liquidity returns, I’m consolidating and protecting capital."

While acknowledging the long-term bullish potential of altcoins and asserting that they haven't reached their cycle peak targets, the analyst cited the current challenging liquidity situation as the primary reason for the selloff. They opted for portfolio consolidation to mitigate the risks associated with aggressively accumulating altcoins, particularly low-cap ones. The analyst further noted the Federal Reserve's ongoing quantitative tightening, emphasizing that while progress has been made, a fully bullish altseason isn't imminent. They suggested that the resolution of tensions between the Federal Reserve and [presumably the Trump administration, though not explicitly stated] could be a catalyst.

Dogecoin (DOGE) and the Promise of Altseason

Meanwhile, other analysts are highlighting positive indicators for altcoins, drawing parallels to previous altseason peaks. One analyst, referencing a chart on , pointed to factors such as a 1.5-year trendline support, retest of the 2021 all-time high (ATH), and retest of March 2024 highs as bullish signals.

Dogecoin (DOGE) is particularly noteworthy. Analysis suggests past performance indicates potential price increases of 200% to 300% or more during the upcoming altseason. Analysts are predicting a new all-time high for DOGE, with potential price targets ranging from $1 to $20.

Tags: Altcoin, Altseason, Bullish, Crypto market, Cryptocurrency, Doge, Dogecoin