A rare convergence of technical and fundamental signals is drawing attention from analysts tracking the broader crypto market. Momentum oscillators on the total crypto market cap chart — including the Stochastic RSI and standard RSI — are both registering oversold readings that have historically coincided with cycle bottoms. The MACD histogram on the same chart is showing the light-red fade pattern that preceded previous bull market reversals.
On the macro side, the NASDAQ is hitting all-time highs while the Russell 2000 is breaking out of multi-year consolidation — a setup strikingly similar to the summer-into-fall 2020 period that preceded crypto's last major bull run. The copper-to-gold ratio's MACD is also crossing above its signal line on the monthly chart for the first time since 2022, a macro indicator that has historically tracked crypto bull cycles closely.
Fundamentally,…
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