 
 
The altcoin market could see yet another bullish rally in the near term, according to fresh market data—one that could shake up the crypto market long-term. The new data comes only a month after the market recorded a massive price boom, with leading altcoins outperforming the leading crypto asset, Bitcoin.
According to data from Cryptoquant, altcoins have recorded the highest altcoin inflows in 10 months. Notably, altcoin inflows have skyrocketed on Binance to levels not seen since last November. This new uptick suggests that Altcoins might be preparing for yet another altcoin rally.
Key implications of increased altcoin inflows suggest an upsurge in positive sentiments in the altcoin market, which is often driven by positive news, project developments, and broader crypto market trends. Increased price inflows and an increase in market liquidity are also key bullish implications.
Another key technical factor fueling the bullish sentiment has been spotted. Notably, altcoins have hit a golden cross—a widely recognized technical analysis pattern in trading that occurs when a short-term moving average crosses a longer-term moving average on the price chart.
The technical signal is considered to be a strong indicator of increased momentum, citing a shift from a bear market to a bullish market. Remarkably, altcoins soared by 4.646% within a 1-2-month period when this trend was last observed.
 
Currently, altcoins are outperforming Bitcoin, with some leading altcoins experiencing hourly gains of up to 20%. Leading altcoins include Ethereum (ETH), Ripple (XRP), DOGECOIN (DOGE), and Cardano (ADA) with gains sustained over the last 24 hours hitting 5.37%, 2.42%, 5.81% and 4.11% respectively.
The near-term outlook remains largely bullish for altcoins with momentum sustained over time, suggesting heightened demand.
