Artem Voloskovets
⬤ The altcoin market is sitting at a technically significant level right now, with the OTHERS index holding firm near a clearly defined multi-year support zone on weekly timeframes. Current conditions suggest altseason might be loading up rather than fading out, with tokens like SHIB positioned to benefit from any broader altcoin momentum shift.
⬤ Looking at historical data, there are two standout periods where the market consolidated at similar long-term support levels. Back in 2019-2020, prices stabilized in this exact zone before launching into the powerful 2020-2021 rally. That phase saw repeated support tests followed by sustained upside expansion across the entire altcoin market. What we're seeing now shows striking similarities to that earlier setup.
⬤ Recent price action from 2023 through 2025 reveals extended consolidation above this same support area, with multiple successful tests of the level suggesting structural stability rather than breakdown risk. The macro backdrop includes the Federal Reserve ending quantitative tightening, a development that historically coincided with improved liquidity conditions during previous cycles.
⬤ This setup carries real weight for the crypto market because sustained support at multi-year levels typically shapes sentiment and capital flow within altcoins. Assets like SHIB generally respond to shifts in overall altcoin market direction rather than isolated catalysts. As the OTHERS index continues compressing near this long-term base, its next major move could dictate volatility and trend development across the altcoin sector.
Artem Voloskovets
