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Saturday, July 26, 2025
Mini Altcoin Season May Be Brewing With Chainlink and Three Crypto Assets Showing Signs of Accumulation: Analyst
A well-known cryptocurrency analyst says the altcoin market could break out.
A pseudonymous analyst known as Altcoin Sherpa has told his 184,000 Twitter followers that Bitcoin (BTC) may be preparing to drive the cryptocurrency market to new lows.
Analysts closely followed are interoperable blockchain Polkadot (DOT), decentralized oracle network Chainlink (LINK), smart contract platform Phantom (FTM), and Ethereum (ETH) rivals. It shares a chart for one Avalanche (AVAX), suggesting the altcoin is in accumulation mode.
What if many of these altcoins are accumulating?
I think BTC is going down so I think it’s still another leg down… but if we see something explode and lead the market, we’re going to be open for a mini alt season.
At the time of writing, Polkadot is trading near the Altcoin Sherpa support area at $6.24.
Chainlink is currently valued at $7.10 within the analyst’s cumulative range.
As for FTM, Ethereum’s rival is hovering at $0.219, close to Altcoin Sherpa’s near-term support level.
Looking at AVAX, the Altcoin Sherpa chart suggests that the smart contract protocol may be forming a double bottom pattern.
analyst too suggest That XRP could be the coin that triggers an altcoin rally under the right circumstances.
XRP has the potential to lead the market, but it usually needs some kind of story.
As for Bitcoin, analysts say they are seeing an imminent correction for BTC.
BTC: Still in the range. EMA (Exponential Moving Average) is catching up with the price. A drop to $18,000 is likely very soon, and volatile price action is expected.
At the time of writing, BTC is trading at $19,223, flat on the day.
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