Michaël van de Poppe, founder of MN Trading and a prominent market analyst, posted on X today, October 16, 2026, that altcoin charts signal the beginning of a new market uptrend. Van de Poppe wrote, "If I'm checking more and more #Altcoins on higher timeframes, it doesn't necessarily tell me that we're in a bear market. It actually tells me that we're at the start of a bull cycle and are about to break upwards more strongly from here. $SUI is identical. The MACD is beautifully curling upwards, in which we've just witnessed a regular market correction."
This assessment comes as Bitcoin holds above $80,000, despite a recent drop in the Kospi disrupting altcoin performance, as noted in recent coverage. Other reports indicate XRP is down 62.5% from its 2018 peak, while Bitcoin and Ethereum have surged over 300% in the same period. The Crypto Fear & Greed Index currently stands at 63, indicating a 'Greed' sentiment among investors.
Van de Poppe's view suggests that current price corrections in altcoins are temporary and part of a larger bullish trend, rather than a continuation of a bear market. His analysis, particularly citing the MACD on SUI, implies that technical indicators are aligning for a significant upward movement. Investors might monitor altcoin performance and broader market sentiment for confirmation of this potential bull cycle.
