The cryptocurrency market has observed a MACD golden cross in total market capitalization, a technical signal often associated with potential momentum shifts. Despite this, altcoins remain in negative territory, showing limited short-term gains. Analysts highlight that previous major market surges have coincided with similar MACD signals, sparking discussions of a potential altcoin season. Coinvo Trading noted that a revival in market risk appetite could be crucial for altcoin gains. While the MACD golden cross suggests possible momentum changes, altcoins have underperformed the broader market. Analysts emphasize that broader market conditions and investor confidence will play significant roles in any altcoin recovery.