由於分析師指出幾個關鍵指標顯示勢頭發生轉變，山寨幣市場可能正處於突破的邊緣

經過幾個月的表現下滑後，潛在的「山寨幣季節」可能即將到來。

The altcoin market may be preparing for a breakout as several indicators suggest a shift in momentum. After lagging behind Bitcoin for most of 2023, several analysts believe altcoins could be set for an extended period of outperformance.

由於多個指標顯示勢頭發生轉變，山寨幣市場可能正在為突破做準備。在 2023 年的大部分時間裡，山寨幣的表現都落後於比特幣，但一些分析師認為，山寨幣可能會在很長一段時間內表現出色。

The total market capitalization of altcoins (TOTAL2) is testing a crucial long-term support level. This trendline has acted as a key support for the altcoin market since the 2017 bull cycle.

山寨幣的總市值（TOTAL2）正在測試關鍵的長期支撐位。自 2017 年牛市週期以來，這條趨勢線一直是山寨幣市場的關鍵支撐。

Independent analyst Mags highlighted the importance of this support in an Oct. 26 post on X. He noted that rebounds from this level have preceded major rallies.

獨立分析師 Mags 在 10 月 26 日的 X 帖子中強調了這一支撐的重要性。

“The altcoin market cap is currently testing a long-term trendline support that has held strong for the past eight years.” Mags wrote in an Oct. 26 post on X. He added that this retest signals a bullish reversal, especially if buying pressure holds at current levels.

“山寨幣市值目前正在測試過去八年來一直保持強勁的長期趨勢線支撐。” Mags 在 10 月 26 日的 X 貼文中寫道。

Analyst Moustache also pointed to a descending broadening wedge on the TOTAL2 chart. He described the recent 11% drop from $981 billion to $873 billion as a “deviation,” not a bearish reversal. Moustache predicts a breakout could occur within weeks.

分析師 Mustache 也指出 TOTAL2 圖表上有一個下降的楔形。他將近期從 9,810 億美元跌至 8,730 億美元的 11% 描述為“偏差”，而不是看跌逆轉。小鬍子預測，幾週內可能會出現突破。

“A monster pump is long overdue for altcoins.”

“山寨幣早就應該出現巨大的上漲。”

Bitcoin Dominance Could Delay Altcoin Rally

比特幣的主導地位可能會延遲山寨幣的反彈

Bitcoin’s dominance (BTC.D) has risen to over 60%, which typically suppresses altcoin growth. However, Benjamin Cowen, CEO of Into The Cryptoverse, noted that Bitcoin, Ethereum, and stablecoins collectively hold 80.51% market dominance, a level that previously preceded altcoin rallies in 2020 and 2023.

比特幣的主導地位 (BTC.D) 已升至 60% 以上，這通常會抑制山寨幣的成長。然而，Into The Cryptoverse 執行長本傑明·考恩(Benjamin Cowen) 指出，比特幣、以太坊和穩定幣總共佔據80.51% 的市場主導地位，這一水平早於2020 年和2023 年山寨幣反彈之前的水平。

“The altcoin market rallies when Bitcoin dominance declines.” Cowen explained, adding that patience may be needed as a full-fledged altcoin season could take shape in 2025. For now, the Altcoin Season Index, a metric by Blockchain Center, sits at 31—indicating that altcoins are gradually gaining strength.

“當比特幣的主導地位下降時，山寨幣市場就會反彈。” Cowen 解釋道，並補充說，可能需要耐心，因為成熟的山寨幣季節可能會在 2025 年形成。

The Altcoin Season Index, which tracks whether altcoins outصحابperform Bitcoin, recently rose to 31 from less than 25. For a true altcoin season, at least 75% of the top 50 cryptocurrencies must outصحابperform Bitcoin. Currently, only 30% of them, including Sui (SUI), Fantom (FTM), and Dogecoin (DOGE), have achieved this. However, the rising index suggests momentum is building.

追蹤山寨幣表現是否優於比特幣的山寨幣季節指數最近從少於 25 升至 31。目前，只有 30% 實現了這一目標，包括 Sui (SUI)、Fantom (FTM) 和 Dogecoin (DOGE)。然而，上漲的指數表明勢頭正在增強。