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The altcoin rally that looked so convincing a few weeks ago is losing support. Across the 50+ coins we track, only two are trading above both its short-term and medium-term trend lines. Most of the sharp moves we saw this week were short squeezes, not new buying, and they faded within a day.

That does not mean every altcoin is a sell. Some tokens have genuine fundamental support, while the rest of the market slips. In this week’s report, we show which signals in our rotation model have turned, how far market breadth has fallen, and what we now score the odds of an altcoin season. We also review the catalysts behind each coin and flag where we think the risk-reward has improved and where it hasn't.

Please see all the charts in tables in the attached chart pdf.

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