- Cointelegraph said altcoin market trading volume has started to move above its annual average.
- It said CryptoQuant data showed altcoins’ 30-day average trading volume had risen above its annual baseline, indicating altcoin momentum is building.
- It added that some in the market see the recovery in trading volume as potentially leading to improved risk appetite and stronger expectations for an altseason.
Forecast Trend Report by Period
Altcoin trading volume has started to climb above its annual average, raising expectations in the market that an altseason may be approaching.
Cointelegraph wrote on X on May 12 that, based on CryptoQuant data, altcoins’ 30-day average trading volume has begun to exceed its annual baseline. It said that altcoin momentum is building.
Some market participants interpret the recovery in trading volume as more than a short-term rebound. They see it as a sign of improving risk appetite across the broader altcoin market.
Cointelegraph added that expectations are also forming that an altseason may be drawing closer.