Altcoin market shows signs of recovery as momentum improves

The altcoin market is showing signs of renewed strength after a prolonged period of weakness. A key index tracking smaller cryptocurrencies has moved above a year-long bottoming structure, suggesting that selling pressure may be decreasing.

Technical momentum indicators, including the MACD and RSI, are trending upward without reaching traditionally overbought levels, indicating potential room for further recovery if liquidity and trading activity continue to expand.

Several specific assets are gaining attention during this shift. These include meme coins such as Gigachad (GIGA) and Turbo (TURBO), as well as Layer-1 infrastructure like Sui (SUI) and assets tied to Solana activity, such as Pump.fun (PUMP) and Raydium (RAY).