2 notable 'Made in USA' tokens as the altcoin season approaches

The cryptocurrency market closed the trading week in bright green, with the highlight being the breakout of Bitcoin (BTC) as it surpassed the 116,000 USD mark before slightly cooling around the zone of 115,000 USD on Saturday. Riding that wave of excitement, altcoins – especially Solana (SOL) and Ethereum (ETH) – continued to bolster positive signals, igniting hopes for an upcoming "altcoin season."

In the context of the entire market moving upwards, investors are increasingly focusing on portfolio restructuring strategies, hunting for tokens with strong breakout potential.

What is altcoin season?

The price increase cycle of the cryptocurrency market is usually divided into two main phases: the growth cycle of Bitcoin and the altcoin season.

In the early stages, Bitcoin leads the trend with sustainable rallies, supported by new capital inflows, market confidence, and vibrant trading volumes. BTC often records strong gains, while altcoins only follow behind, laying the groundwork for a widespread market boom.

As the altcoin season approaches, the reversal picture emerges: altcoins begin to outperform, even offering more attractive returns than Bitcoin. This is also the time when investors shift their focus away from BTC, seeking opportunities in high-risk but high-potential assets. The price, market capitalization, and trading volume of altcoins all surge simultaneously, creating a strong ripple effect.

Altcoin Season Index | Source: CoinGlassAccording to data from CoinGlass, the altcoin season is confirmed when the Altcoin Season Index reaches 75. Currently, this figure has hit 78, indicating that the altcoin wave has truly begun. Among them, notable names like Solana and Chainlink (LINK) are being highly valued by analysts, becoming the focal point to watch in this new phase.

Solana strengthens bullish outlook

Since the beginning of August, Solana (SOL) has recorded an impressive increase of up to 53%, currently trading around the 239 USD mark at the end of the week. Technically, SOL continues to maintain a positive trend as it remains above most important moving averages: the 50-day EMA at 195 USD, the 100-day EMA at 182 USD, and the 200-day EMA at 174 USD.

Daily SOL/USDT Chart | Source: TradingViewNotably, the MACD indicator on the daily frame has signaled a buy since Wednesday, reinforcing expectations for a new breakout. Meanwhile, the RSI index at 69 indicates that buying pressure remains stable, reflecting increased confidence from traders.

Not only individual investors, Solana also attracts strong interest from institutions. A typical example is Forward Industries, which has raised funds to establish a fund specifically focused on SOL. If the capital continues to flow in, this coin could certainly aim to reclaim its historical peak of 296 USD in the near future.

Chainlink sends optimistic signals

The upward trend of Chainlink is being strengthened by a series of positive technical signals. On the daily chart, the MACD indicator is about to confirm a buy signal, while the RSI at 58 reflects increasing buying pressure. If the RSI continues to move deeper into the overbought zone, the upward trend will be further confirmed, opening up the possibility for a sustainable rally.

Daily LINK/USDT Chart | Source: TradingViewRegarding technical levels, the resistance zone at 27.83 USD (was tested on 22/8) and the supply area around 30.93 USD (was previously challenged in mid-January 2) is currently two notable points.

In addition, Chainlink maintains its position above important moving averages: the 50-day EMA at 21.86 USD, the 100-day EMA at 19.74 USD, and the 200-day EMA at 18.08 USD. This is not only evidence of investors' strong confidence in the current trend but could also serve as a support buffer when strong profit-taking occurs.

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