As speculations on Altcoin season onset abound, the Bitcoin dominance chart shows that the largest cryptocurrency’s market dominance is exhibiting signs of weakness. According to a top analyst, the chart traced a descending trendline amid three of the largest altcoins showing signs of parabolic rallies.
Bitcoin Dominance Is Showing Signs Of Weakness
According to an analysis by crypto analyst Rekt Fencer, Bitcoin dominance is tracing a powerful descending trendline, connecting three major peaks representing major turning points throughout the market cycles. The first point in early 2017, Bitcoin began its gradual decline slowly, losing its overwhelming control of the crypto market. Before the decline, the dominance stood at 80%.
Meanwhile, altcoins emerged with new use cases as capital started rotating away from Bitcoin. This was the first visible crack in its long-standing supremacy. The market soon shifted into a full-blown altcoin season, setting the tone for what would become a repeating cycle of Bitcoin peaks followed by alt recoveries.
From that initial high, Bitcoin’s dominance established a clear pattern where each subsequent rally failed to surpass the previous one. This downward-sloping resistance line, marked by the yellow circles on the chart, has defined the trajectory of the overall crypto market ever since. Every time Bitcoin touched that line, a reversal followed. Now, as Rekt Fencer highlights, the most recent rejection around mid-2025 aligns perfectly with this historic trendline. The consistency of this pattern gives weight to the argument that another major altcoin rally could be imminent.
Top 3 Altcoins Showing Signs Of Parabolic Price Rallies
Ethereum Whales and Sharks With 100 – 10,000 ETH Are Back & More Confident
According to on-chain data shared by Santiment, Ethereum whale wallets containing between 100 and 10,000 ETH are beginning to show renewed confidence after weeks of heavy selling pressure. These wallets collectively sold 1.36 million Ether between October 5 and October 16. Recently over the last two weeks, the wallets that offloaded their ETH accumulated 218,470 Ether which is equivalent to a sixth of the amount they sold earlier on.
The quiet but decisive reversal stands out as a classic accumulation signal which is often seen at or near local bottoms, when smart money begins positioning ahead of a potential recovery. This early accumulation phase is a telling sign. Historically, when Ethereum’s large holders begin buying back after a major dump-off, price stability tends to follow.
Altcoin Rally: Setup Reveals Solana Price Prediction To $300
According to Ali_charts, Solana ($SOL) holding above the $180 mark could be the foundation for a fresh rebound, potentially pushing prices first toward $230 and, if momentum builds, even as high as $290. The first point of note on this chart is where the lower boundary of the ascending channel comes into play. This technical behavior reflects disciplined accumulation from both traders and investors viewing the trendline as a key area of value. Meanwhile, Solana still trades within a well-defined rising channel and shows signs of sustained bullish control despite recent pullbacks. The price has respected the channel’s geometry which suggests market participants are aligned with the underlying uptrend. Solana needs to hold above $180 for a gradual climb towards the midline near $230. However, there is a possibility of this price level acting as a major price hurdle.
Beyond that, the upper boundary of the channel points toward $290, representing the next major upside objective should buying momentum accelerate.
Altcoin Rally: XRP Price Setup Eyes Parabolic Run To $9
The long-standing downtrend that has defined XRP’s structure since 2021 appears to have finally been broken. XRP price executed a clean breakout and successfully retested the upper boundary of that formation after years of compression within a tightening wedge. At the time of writing, XRP is consolidating within the demand zone (support) and supply zone (resistance). This phase of re-accumulation is the foundation for XRP price to continue with upward momentum.
The longer price maintains structure within this range, the stronger the eventual breakout tends to be. A decisive move above the highlighted supply zone would likely trigger a fresh parabolic advance. Supporting this bullish perspective, historical price patterns show striking similarities to XRP’s previous bull run. As highlighted by analyst Javon Marks, these structural parallels suggest that the next major leg could extend toward the $9.90 region, a target representing over a 300% potential upside from current levels.
Such a move would not only break psychological resistance but could also reaffirm XRP’s strength as a cyclical outperformer in the crypto market.