Darkfost: Altcoins Show Signs of Recovery, But It's Still Too Early to Declare Altseason

Odaily Planet Daily News CryptoQuant analyst Darkfost stated on the X platform that although the US-Iran conflict and inflationary pressures continue to pose challenges to the market, the altcoin market has recently begun to show signs of recovery. After experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. Apart from the impact of BTC's correction, this round of adjustment is also related to market token dilution. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% on BNB Smart Chain. Recently, the overall performance of altcoins listed on Binance has recovered to levels seen since September 2025. Currently, about 21% of altcoins listed on Binance have reclaimed their 200-day moving average, compared to only 2% of tokens maintaining above this key technical level in February of this year. Darkfost believes this indicates that market interest in altcoins is gradually picking up, which is an important signal for investors seeking to allocate altcoins. However, it is still too early to judge the start of altseason, as market liquidity remains limited.