Emre Yumlu 
After a month of heavy deleveraging in October, analysts suggest that altcoin prices are entering a stabilization phase — potentially setting the stage for a short-term rebound in November. The OTHERS/BTC chart indicates that altcoins have moved into a “stabilization zone,” while oversold RSI readings and historical parallels are fueling optimism for a possible altcoin season.
Can Altcoins Recover October’s Losses?
By the end of October, the Fear and Greed Index had fallen to 29, reflecting sustained fear across the crypto market. Since the mass liquidation event on October 11, investors have remained cautious. Still, many altcoins have managed to hold steady, avoiding new lower lows and consolidating within defined price ranges.
According to Altcoin Vector, which tracks the performance of non-top-10 altcoins against Bitcoin through the OTHERS/BTC chart, the ratio fell sharply from above 0.14 in September to below 0.12 in October. However, recent data shows the chart entering a “stabilization” phase, signaling that downward momentum may be fading as prices begin to move sideways within a narrow band.
Altcoin Vector noted, “If this stabilization zone holds as support, short-term relief rallies could occur. It might not mark the start of a full altcoin season, but it could ease downside pressure and spark temporary gains.”
Signs Pointing Toward a November Altcoin Season
Macro analyst and MN Fund founder Michaël van de Poppe describes the OTHERS/BTC chart as “one of the most valuable indicators in the current market.” He argues that altcoins are now trading at valuations similar to previous market bottoms — notably those seen in late 2016 and early 2020.
Both of those periods were followed by major rallies: the explosive altcoin season of 2017 and the broad bull market of 2020–2021. Van de Poppe believes that a similar setup may be forming, suggesting that undervalued altcoins could see significant long-term appreciation once sentiment shifts.
Meanwhile, analyst Javon Marks pointed out that the “Others Dominance” (OTHERS.D) chart’s RSI indicator has entered an unprecedented oversold zone — the deepest in its history. Marks explained, “When the market reaches such extreme oversold conditions, it often means seller exhaustion is in play, paving the way for a rebound or even a full reversal.”
Other analysts, including Ted, share this optimism, describing the current setup as the potential “beginning of a beautiful bull market.”
Cautious Optimism Ahead
While hopes for an altcoin rebound in November are rising, overall market sentiment remains cautious. The Altcoin Season Index is still below 50, reflecting ongoing investor hesitation despite the Federal Reserve’s recent rate cuts.
Historically, altcoin seasons have tended to begin around November, making the coming weeks a critical period for market direction. Whether this stabilization turns into a genuine breakout remains to be seen — but the signs are aligning for a possible shift in market momentum.
*This content does not constitute investment advice.
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