Altcoins on the Verge of a Rebound? This Key Breakdown Hints at Potential Bullish Momentum

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CoinsProbe2025/10/30 14:09

By:Nilesh Hembade

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Date: Thu, Oct 30, 2025 | 11:56 AM GMT

The cryptocurrency market continues to struggle for direction, with altcoins yet to regain meaningful bullish traction following the massive October 10 crash that wiped out over $19 billion in liquidations . During that event, Ethereum (ETH) — often seen as the altcoin leader — dropped to a low of $3,460 before recovering to around $3,900, though it still trades in the red. This choppy weakness across the altcoin sector has kept traders cautious.

However, a key technical breakdown in Bitcoin Dominance (BTC.D) is now hinting that a shift in momentum could soon favor altcoins.

Altcoins on the Verge of a Rebound? This Key Breakdown Hints at Potential Bullish Momentum image 0

Source: Coinmarketcap

Rising Wedge Breakdown

On the daily chart, Bitcoin Dominance (BTC.D) had been trading within a rising wedge pattern — a classic reversal formation that develops when prices make higher highs and higher lows within tightening boundaries.

After multiple rejections near the wedge’s upper resistance, BTC.D finally broke below its key support trendline around 59.72%, confirming a bearish breakout for dominance — and a potentially bullish signal for altcoins.

Altcoins on the Verge of a Rebound? This Key Breakdown Hints at Potential Bullish Momentum image 1

BTC.D Daily Chart/Coinsprobe (Source: Tradingview)

Since the breakdown, BTC.D has slid to around 59.62%, suggesting that Bitcoin’s market share may be starting to weaken as capital gradually shifts toward alternative assets.

The overall structure now points to a fading bearish phase for altcoins, which could soon transition into a recovery phase if this trend continues.

What’s Next for Altcoins?

Traders are now eyeing whether BTC.D attempts a retest of the broken wedge support — a level that has now flipped into resistance. If dominance fails to retest this zone, it would strengthen the bullish case for altcoins and pave the way for a move toward the next support target near 58.07%.

Such a decline in Bitcoin dominance typically coincides with capital rotation into altcoins, which could ignite a new wave of upward momentum across leading tokens like ETH, SOL, and AVAX.

For now, the technical breakdown in BTC.D is the most promising sign altcoin traders have seen in weeks — suggesting that the long-awaited altcoin rebound may finally be on the horizon.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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