Top altcoins like ARB, ONDO, XLM, HBAR, and INJ are setting up for the next breakout as the market cools ahead of a renewed altseason push.
In Brief:
- The Altcoin Season Index has dropped to 43, offering a healthy cooldown before the next breakout phase.
- Arbitrum (ARB) and ONDO are showing textbook breakout patterns backed by strong ecosystem catalysts.
- Stellar (XLM) and Hedera (HBAR) are consolidating after sharp rallies driven by RWA and institutional narratives.
- Injective (INJ) leads on-chain growth with a 1,770% surge in active users, signaling strong network demand.
As of July 23, 2025, the CMC Altcoin Season Index stands at 43 out of 100, indicating that the market remains in Bitcoin-dominant territory, although altcoins have started gaining…
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