Analyst: Altcoins Showing Signs of Recovery, But It's Still Too Early to Declare the Start of "Altseason"

BlockBeats News, May 13th, CryptoQuant analyst Darkfost stated in a post that despite the challenges posed by the US-Iran conflict and inflationary pressure, the altcoin market has recently shown signs of recovery. He pointed out that after experiencing a more than 50% overall pullback, the altcoin sector is gradually regaining activity. This round of correction is not only influenced by BTC's pullback but also related to market token dilution. Currently, there are about 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% from the BSC chain.

He mentioned that recently, the overall performance of altcoins listed on Binance has returned to the level seen in September 2025. Currently, about 21% of altcoins listed on Binance have reclaimed the 200-day moving average, while in February of this year, only 2% of tokens were above this key technical level.

Darkfost believes that this indicates a gradual resurgence in market interest in altcoins, which is an important signal for investors looking to allocate funds to altcoins. However, he emphasizes that it is still too early to determine whether the "altcoin season" has begun, as market liquidity remains limited.