TLDR:
- Altcoin market formed bullish and bearish fair value gaps, with the bearish gap now closed while the bullish remains intact.
- Current retracement sits near 0.382 FIB support, aligning with the 0.618 FIB of the latest swing for price stability.
- Analysts see a potential quick wick to $271B before higher levels, if retracement holds above the $250B zone.
- Web searches for “altcoins” spiked higher than in 2021, yet interest in “crypto” and “Bitcoin” remains near lows.
The altcoin market has been showing early signs of strength after weeks of sideways price action. Traders now point to technical levels that could decide the next move. Key support levels remain in play, and a potential rebound may be setting up.
Analysts see both risk and opportunity as traders weigh retracement against possible upside. Market sentiment is mixed, but the technical backdrop suggests traders are watching closely.
Crypto Price Action and Altcoin Fair Value Gaps
Market analyst Patric H. of CryptelligenceX reported that the OTHERS index has formed two weekly fair value gaps. One gap stemmed from the December 2024 decline, while the other appeared in June 2025 during a sharp upside move.
According to his breakdown, the bearish gap left from last year’s sell-off has now been fully closed. At the same time, the bullish gap created in June remains open, a setup often viewed by traders as an unfinished move higher.
The #Altcoins market remains HTF bullish.
Here’s why I think the next impulse to the upside might be close:
As shown on the chart, the OTHERS index has formed two weekly fair value gaps (FVGs): one stemming from the December 2024 sell-off (bearish FVG) and another from the… pic.twitter.com/rBbSUuoJ6P
— Patric H. | CryptelligenceX (@CryptelligenceX) August 20, 2025
Patric added that the market has already touched the midpoint of a macro swing between December and April. Price is currently retracing toward the 0.382 Fibonacci level of that macro move, aligning with the 0.618 level of the latest swing.
If this support holds, analysts expect a possible bounce that could drive altcoin prices higher in the near term. Patric noted that a quick move down to the $271 billion market cap region could still occur before a rebound.
Altcoin Interest and Crypto Search Trends
A different angle came from market watcher cyclop (@nobrainflip), who looked at search activity.
He pointed out that global web searches for “altcoins” hit a new all-time high earlier this year. However, that surge quickly dropped back down, showing limited retail follow-through.
“altcoins” web search hit a new ATH, and now it’s crashed back to the bottom.
Altseason ended before it even started…
1/4 pic.twitter.com/RmdiQOysfl
— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) August 20, 2025
By comparison, searches for “crypto” and “Bitcoin” remain near multi-year lows, even though Bitcoin trades at its highest levels ever. According to his view, retail participation has not yet returned in full force.
Cyclop suggested that the spike in “altcoin” searches reflects the growing number of tokens compared to 2021. Back then, many users simply typed “crypto.” He noted that this data implies curiosity is rising but full-scale excitement has not arrived.
Together, these signals show a market caught between early technical strength and low mainstream awareness. Traders now wait to see whether the technical gaps hold and whether interest broadens beyond the current cycle.
The post Altcoin Market Builds Case for a Breakout as FVG Levels Hold appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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