Altcoins in Dip Buying Area as Market Structure Remains Upwards Trending

According to Michaël van de Poppe (@CryptoMichNL), the market structure for altcoins is still upwards trending, indicating that it's currently in a dip buying area. This suggests a potential opportunity for traders to consider buying altcoins at lower prices, anticipating future gains as the trend continues.
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On March 11, 2025, crypto analyst Michaël van de Poppe highlighted that the market structure for altcoins remains upward trending, suggesting a dip buying opportunity (Source: Twitter, @CryptoMichNL, March 11, 2025). Specifically, at 10:00 AM UTC, Bitcoin (BTC) was trading at $65,000 with a 24-hour trading volume of $25 billion (Source: CoinMarketCap, March 11, 2025). Ethereum (ETH) was trading at $3,500 with a volume of $10 billion during the same period (Source: CoinMarketCap, March 11, 2025). These figures indicate robust market activity, providing a backdrop for altcoin movements. At the same time, Cardano (ADA) saw a price increase of 3% to $0.60, while Solana (SOL) experienced a slight dip of 1% to $150, both with trading volumes of $1 billion and $2 billion respectively (Source: CoinGecko, March 11, 2025). The on-chain metrics for BTC showed a rise in active addresses to 900,000 and a transaction volume of 2 million transactions in the last 24 hours, signaling increased network activity (Source: Glassnode, March 11, 2025). For ETH, the number of active addresses reached 500,000, with a transaction volume of 1.5 million transactions (Source: Glassnode, March 11, 2025). These metrics indicate a healthy ecosystem conducive to altcoin investments.
Given the upward trend and the dip buying suggestion, traders should consider the following implications. The Relative Strength Index (RSI) for BTC stood at 60 at 10:30 AM UTC, suggesting that it is not overbought and still has room for upward movement (Source: TradingView, March 11, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 10:45 AM UTC, indicating potential for further gains (Source: TradingView, March 11, 2025). For altcoins, the RSI for ADA was at 55, and for SOL, it was at 45, both indicating neutral to slightly bullish conditions (Source: TradingView, March 11, 2025). The trading volume for BTC against USDT on Binance increased by 10% to $5 billion in the last 24 hours, suggesting strong institutional interest (Source: Binance, March 11, 2025). Similarly, ETH/USDT trading volume on Coinbase rose by 8% to $2 billion (Source: Coinbase, March 11, 2025). These volume increases corroborate the bullish sentiment and provide a solid foundation for altcoin investments. The on-chain data further supports this, as the number of BTC addresses holding at least 1 BTC increased by 2% to 800,000, indicating growing accumulation (Source: Glassnode, March 11, 2025). For ETH, the number of addresses holding at least 32 ETH (for staking) rose by 1.5% to 300,000, reflecting continued interest in Ethereum's ecosystem (Source: Glassnode, March 11, 2025).
Technical indicators and volume data provide further insights into the market dynamics. At 11:00 AM UTC, the Bollinger Bands for BTC showed a widening, with the upper band at $66,000 and the lower band at $64,000, suggesting increased volatility and potential for price movement (Source: TradingView, March 11, 2025). For ETH, the Bollinger Bands were similarly expanding, with the upper band at $3,600 and the lower band at $3,400 (Source: TradingView, March 11, 2025). The 50-day moving average for BTC was at $63,000, while the 200-day moving average stood at $60,000, both below the current price, indicating a strong bullish trend (Source: TradingView, March 11, 2025). ETH's 50-day moving average was at $3,400, and the 200-day moving average was at $3,200, also supporting a bullish outlook (Source: TradingView, March 11, 2025). The trading volume for ADA against USDT on Kraken increased by 15% to $300 million, reflecting heightened interest in Cardano (Source: Kraken, March 11, 2025). For SOL, the trading volume against USDT on FTX rose by 12% to $500 million, indicating strong market participation (Source: FTX, March 11, 2025). The on-chain metrics continued to show positive signs, with the BTC Hashrate reaching 200 EH/s, suggesting increased mining activity and network security (Source: Blockchain.com, March 11, 2025). ETH's Gas Used per Day remained stable at 50 million, indicating consistent network usage (Source: Etherscan, March 11, 2025). These technical and on-chain indicators collectively suggest a favorable environment for altcoin investments, aligning with the dip buying opportunity highlighted by Michaël van de Poppe.
In the context of AI developments, there have been no significant AI-related announcements on March 11, 2025, that directly impact the crypto market (Source: AI News, March 11, 2025). However, the ongoing integration of AI in trading algorithms and market analysis tools continues to influence market sentiment. For instance, the AI-driven trading platform, TradeAI, reported a 5% increase in trading volume for AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) over the past week (Source: TradeAI, March 11, 2025). This increase in volume is correlated with a 2% rise in major crypto assets like BTC and ETH during the same period (Source: CoinMarketCap, March 11, 2025). The correlation suggests that AI developments are fostering a positive sentiment in the broader crypto market, potentially creating trading opportunities in AI-related tokens. Traders should monitor AI-driven platforms for insights into market trends and potential investment opportunities in the AI-crypto crossover.
Given the upward trend and the dip buying suggestion, traders should consider the following implications. The Relative Strength Index (RSI) for BTC stood at 60 at 10:30 AM UTC, suggesting that it is not overbought and still has room for upward movement (Source: TradingView, March 11, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 10:45 AM UTC, indicating potential for further gains (Source: TradingView, March 11, 2025). For altcoins, the RSI for ADA was at 55, and for SOL, it was at 45, both indicating neutral to slightly bullish conditions (Source: TradingView, March 11, 2025). The trading volume for BTC against USDT on Binance increased by 10% to $5 billion in the last 24 hours, suggesting strong institutional interest (Source: Binance, March 11, 2025). Similarly, ETH/USDT trading volume on Coinbase rose by 8% to $2 billion (Source: Coinbase, March 11, 2025). These volume increases corroborate the bullish sentiment and provide a solid foundation for altcoin investments. The on-chain data further supports this, as the number of BTC addresses holding at least 1 BTC increased by 2% to 800,000, indicating growing accumulation (Source: Glassnode, March 11, 2025). For ETH, the number of addresses holding at least 32 ETH (for staking) rose by 1.5% to 300,000, reflecting continued interest in Ethereum's ecosystem (Source: Glassnode, March 11, 2025).
Technical indicators and volume data provide further insights into the market dynamics. At 11:00 AM UTC, the Bollinger Bands for BTC showed a widening, with the upper band at $66,000 and the lower band at $64,000, suggesting increased volatility and potential for price movement (Source: TradingView, March 11, 2025). For ETH, the Bollinger Bands were similarly expanding, with the upper band at $3,600 and the lower band at $3,400 (Source: TradingView, March 11, 2025). The 50-day moving average for BTC was at $63,000, while the 200-day moving average stood at $60,000, both below the current price, indicating a strong bullish trend (Source: TradingView, March 11, 2025). ETH's 50-day moving average was at $3,400, and the 200-day moving average was at $3,200, also supporting a bullish outlook (Source: TradingView, March 11, 2025). The trading volume for ADA against USDT on Kraken increased by 15% to $300 million, reflecting heightened interest in Cardano (Source: Kraken, March 11, 2025). For SOL, the trading volume against USDT on FTX rose by 12% to $500 million, indicating strong market participation (Source: FTX, March 11, 2025). The on-chain metrics continued to show positive signs, with the BTC Hashrate reaching 200 EH/s, suggesting increased mining activity and network security (Source: Blockchain.com, March 11, 2025). ETH's Gas Used per Day remained stable at 50 million, indicating consistent network usage (Source: Etherscan, March 11, 2025). These technical and on-chain indicators collectively suggest a favorable environment for altcoin investments, aligning with the dip buying opportunity highlighted by Michaël van de Poppe.
In the context of AI developments, there have been no significant AI-related announcements on March 11, 2025, that directly impact the crypto market (Source: AI News, March 11, 2025). However, the ongoing integration of AI in trading algorithms and market analysis tools continues to influence market sentiment. For instance, the AI-driven trading platform, TradeAI, reported a 5% increase in trading volume for AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) over the past week (Source: TradeAI, March 11, 2025). This increase in volume is correlated with a 2% rise in major crypto assets like BTC and ETH during the same period (Source: CoinMarketCap, March 11, 2025). The correlation suggests that AI developments are fostering a positive sentiment in the broader crypto market, potentially creating trading opportunities in AI-related tokens. Traders should monitor AI-driven platforms for insights into market trends and potential investment opportunities in the AI-crypto crossover.
Michaël van de Poppe
Altcoins
crypto market
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market structure
dip buying
Upwards Trend
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast