Top 100 altcoins flash weekly RSI bullish divergence, analyst says

The Top 100 altcoin index has formed a bullish divergence, according to Jamie Coutts, a crypto market analyst at Real Vision. In a post on X, Coutts said a multiyear bullish divergence had emerged in the weekly relative strength index, or RSI, comparing an equal-weighted index of the top 100 cryptocurrencies with a market cap-weighted index. Coutts said a full trend breakout has not yet occurred, but the weekly signal is drawing attention because it has accurately identified major global market tops and bottoms, including the 1998 LTCM crisis, the global financial crisis, and the COVID-19 pandemic. Coutts added the signal suggests the market structure may be shifting away from Bitcoin's dominance, raising the possibility of a rebound in smart contract platforms and DeFi ecosystems. As tokenization and AI agent technology accelerate, Coutts said liquidity that had been concentrated in Bitcoin could flow back into major altcoins.