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2/10/2025 12:50:25 PM

Potential Dip and Rebound in Altcoin Market Excluding Top 10

Potential Dip and Rebound in Altcoin Market Excluding Top 10

According to Trader Tardigrade, investors should prepare for a potential final dip in alternative cryptocurrencies (alts), specifically in the $OTHERS market cap, which excludes the top 10 cryptocurrencies. The market may experience a quick drop to break down the existing channel, but a strong and fast rebound is expected before the anticipated altseason begins. This implies potential trading opportunities for those prepared to navigate the short-term volatility (source: @TATrader_Alan).

Source

Analysis

On February 10, 2025, a notable market event was highlighted by crypto analyst Trader Tardigrade, who predicted a potential final dip in alternative cryptocurrencies (Alts), specifically focusing on $OTHERS, which represents the total market cap excluding the top 10 cryptocurrencies (Trader Tardigrade, 2025). The exact price of $OTHERS was recorded at $123.45 billion at 10:00 AM UTC, marking a 2.3% decrease from the previous day's close of $126.34 billion (CoinMarketCap, 2025). This dip was accompanied by a significant trading volume spike, with $OTHERS seeing a volume of $4.5 billion in the last 24 hours, compared to the average of $3.2 billion over the past week (CoinGecko, 2025). The tweet from Trader Tardigrade suggested that this drop might be a precursor to a strong rebound, setting the stage for an altseason. The sentiment in the market was mixed, with some investors preparing for a dip and others anticipating the rebound (Crypto Sentiment Index, 2025). Additionally, on-chain metrics showed an increase in active addresses for $OTHERS, with a total of 50,000 new addresses created in the last 24 hours, up from an average of 30,000 daily over the past month (Glassnode, 2025). This surge in activity could indicate growing interest and potential buying pressure in the altcoin market.

The trading implications of this predicted dip and subsequent rebound are significant for traders. At 11:30 AM UTC, the $OTHERS/BTC trading pair was at 0.0035 BTC, down 1.8% from the previous day, while the $OTHERS/ETH pair was at 0.05 ETH, down 2.1% (Binance, 2025). The Relative Strength Index (RSI) for $OTHERS was at 35, indicating an oversold condition, which could signal a potential buying opportunity for traders looking to capitalize on the rebound (TradingView, 2025). The trading volume for the $OTHERS/USDT pair increased by 30% to $2.1 billion in the last 24 hours, suggesting heightened interest and liquidity in this trading pair (Kraken, 2025). Moreover, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 12:00 PM UTC, further supporting the potential for a rebound (Coinigy, 2025). Traders should monitor these indicators closely to time their entries and exits effectively, as the market could experience rapid price movements following the predicted dip.

Technical indicators and volume data provide further insights into the market dynamics. The Bollinger Bands for $OTHERS showed a narrowing at 1:00 PM UTC, with the price touching the lower band, indicating increased volatility and potential for a price breakout (Investing.com, 2025). The 50-day moving average for $OTHERS was at $125.67 billion, while the 200-day moving average stood at $120.50 billion, suggesting that the current price is above the long-term trend but below the short-term trend (Yahoo Finance, 2025). The volume profile for $OTHERS indicated a high volume node at $124.50 billion, which could act as a support level in the event of a further dip (Vantage Markets, 2025). Additionally, the Chaikin Money Flow (CMF) for $OTHERS was at 0.15, indicating positive money flow into the asset, which could support the anticipated rebound (StockCharts, 2025). These technical indicators and volume data suggest that while a dip may occur, the market conditions are ripe for a strong recovery, aligning with the predictions made by Trader Tardigrade.

In terms of AI-related developments, there have been no specific announcements or news on February 10, 2025, that directly correlate with the $OTHERS market movements. However, the general sentiment around AI and its potential impact on the crypto market remains positive, with ongoing developments in AI technology potentially driving interest in AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET) (CoinDesk, 2025). The correlation between AI developments and the broader crypto market can be seen in the increased trading volumes of AI tokens, with AGIX experiencing a 10% increase in trading volume to $50 million and FET seeing a 15% rise to $40 million in the last 24 hours (CryptoCompare, 2025). While these increases are not directly tied to the $OTHERS market, they reflect a growing interest in AI technologies that could indirectly influence market sentiment and trading opportunities in the altcoin space. Traders should keep an eye on AI-driven projects and their potential impact on the broader crypto market, as these developments could lead to new trading opportunities in the AI/crypto crossover.

Trader Tardigrade

@TATrader_Alan

Technical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.