Is Altseason Starting? What the Charts and Market Data Show

On November 4, the Altcoin Season Index stood at 39, below the 75 level used to mark altcoin season, even as technical charts suggested a possible shift toward altcoins. Bitcoin dominance was at 60.43% after a chart posted by Ash Crypto showed it rejected at a descending trendline for a third time, while altcoin dominance held support. Ethereum closed October above a multi-month trendline versus Bitcoin despite a negative monthly candle, but still needed to clear key resistance. Market data showed no capital rotation: TOTAL3, crypto market value excluding Bitcoin and Ethereum, fell 1.05% to $734 billion and had made lower highs since topping $850 billion in late September; Tether dominance rose to 6.993% from about 6.4% in early October.