Altcoin Season Gains Momentum Amid Rising Breadth

The altcoin season has gained momentum, but key indexes remain below 50. According to Altcoin Vector's proprietary measure, the Altcoin Impulse reached 93%, indicating strong short-term participation across altcoins.

This reading is significant because it points to broad market breadth, with a large share of altcoins taking part in the current move. Historically, Bitcoin has often moved first before traders start looking for stronger moves across other parts of the crypto market.

However, Altcoin Vector warned that breadths above 75% can be a sign that the market has become stretched, and the current strength may not continue in a straight line.