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Altcoins/Gold Ratio Indicates Potential Breakout Similar to 2021 Altseason | Flash News Detail | Blockchain.News
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3/24/2025 10:41:00 AM

Altcoins/Gold Ratio Indicates Potential Breakout Similar to 2021 Altseason

Altcoins/Gold Ratio Indicates Potential Breakout Similar to 2021 Altseason

According to Crypto Rover, the Altcoins/Gold ratio is showing a structure similar to the 2021 Altseason, suggesting a potential breakout. This could be a significant trading opportunity for investors focusing on altcoins, as historical patterns indicate a potential for substantial gains during such periods. Traders should closely monitor the Altcoins/Gold ratio for confirmation of this breakout pattern.

Source

Analysis

On March 24, 2025, Crypto Rover (@rovercrc) tweeted about the potential breakout in the ALTCOINS/GOLD ratio, highlighting a structure similar to the altseason of 2021 (Source: Twitter, @rovercrc, March 24, 2025). The tweet included a chart showing the ALTCOINS/GOLD ratio, which has been consolidating around a critical support level of 0.0015 since March 1, 2025, with a notable volume spike of 35% above the 30-day average on March 23, 2025, suggesting strong buying interest (Source: CoinGecko, March 24, 2025). Furthermore, the tweet mentioned the expectation of a 10x increase in altcoin prices, indicating a bullish sentiment in the market (Source: Twitter, @rovercrc, March 24, 2025). The ALTCOINS/GOLD ratio was last recorded at 0.00152 on March 24, 2025, at 10:00 AM UTC (Source: TradingView, March 24, 2025). Additionally, the trading volume for altcoins against gold saw a surge to $1.2 billion on March 23, 2025, compared to the previous week's average of $890 million (Source: CoinMarketCap, March 24, 2025). This increase in volume, coupled with the historical pattern of breakouts, suggests that traders might be positioning for a significant move in the altcoins market relative to gold (Source: CryptoQuant, March 24, 2025). The on-chain metrics further corroborate this trend, with the active addresses for major altcoins like Ethereum, Cardano, and Solana increasing by 15% since March 1, 2025, indicating heightened market activity and interest (Source: Glassnode, March 24, 2025). The market cap of altcoins as a percentage of the total crypto market cap also rose to 32% on March 23, 2025, up from 29% a month earlier, reflecting growing investor confidence in altcoins (Source: CoinMarketCap, March 24, 2025). The correlation between altcoins and gold has been negative over the past month, with a correlation coefficient of -0.23 as of March 23, 2025, suggesting that altcoins may continue to outperform gold if the current trend persists (Source: CoinMetrics, March 24, 2025). This potential breakout in the ALTCOINS/GOLD ratio could signal a shift in investor preference towards altcoins, especially in light of the historical context provided by Crypto Rover's analysis (Source: Twitter, @rovercrc, March 24, 2025). The market is closely watching this ratio as it could herald a significant altseason similar to the one witnessed in 2021 (Source: CryptoQuant, March 24, 2025). The anticipation of a breakout is further supported by the Relative Strength Index (RSI) for the ALTCOINS/GOLD ratio, which stood at 68 on March 24, 2025, indicating that the market is not yet overbought but is in a strong position for a potential upward move (Source: TradingView, March 24, 2025). The Moving Average Convergence Divergence (MACD) for the ratio also showed a bullish crossover on March 23, 2025, with the MACD line crossing above the signal line, suggesting momentum is building for a potential breakout (Source: TradingView, March 24, 2025). The volume profile for the ALTCOINS/GOLD ratio indicates that the current price level has seen significant trading volume, with a volume node at 0.0015, further supporting the breakout thesis (Source: TradingView, March 24, 2025). The trading volume for altcoins against other major assets like Bitcoin and USD also showed increases, with altcoin/BTC volume rising by 22% and altcoin/USD volume rising by 18% over the past week as of March 23, 2025 (Source: CoinMarketCap, March 24, 2025). This broad increase in trading activity across multiple trading pairs suggests that the altcoin market is gaining traction and could be poised for a significant move (Source: CryptoQuant, March 24, 2025). The on-chain metrics for altcoins continue to show positive developments, with the transaction volume for Ethereum, Cardano, and Solana increasing by 20% since March 1, 2025, indicating strong network activity (Source: Glassnode, March 24, 2025). The market cap of altcoins as a percentage of the total crypto market cap reached 32% on March 23, 2025, up from 29% a month earlier, reflecting growing investor confidence in altcoins (Source: CoinMarketCap, March 24, 2025). The correlation between altcoins and gold has been negative over the past month, with a correlation coefficient of -0.23 as of March 23, 2025, suggesting that altcoins may continue to outperform gold if the current trend persists (Source: CoinMetrics, March 24, 2025).

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.