- Altcoin market nears a breakout, with Cup and Handle pattern signaling a bullish continuation above $340B resistance.
- Bitcoin dominance collapse could lead to a rapid altcoin surge; analysts advise stacking LINK, SOL, ADA, and ETH for gains.
- Final bear trap seen as altcoin season’s precursor, with 20-25% daily gains expected during bullish rallies.
An analyst under the name, Altcoin Buzz, reports the growing anticipation for the next altcoin season. Analysts point to a potential surge in altcoin values, noting several assets, including VIRTUALS, LINK, SUI, SOL, Ai16zero, BasedAI, SEI, XRP, ADA, ETH, and CSPR. Altcoin Buzz recommends these assets for accumulation as the market is up for a bullish rally.
Patterns and Resistance Levels
As per another analyst, MikybullCrypto, the altcoin market cap ( excluding top 10 crypto assets) is on a critical retest within a classic Cup and Handle pattern. This formation is seen as a bullish continuation, suggesting potential for an upward momentum.
The Cup’s lowest point was around $200 billion, with a resistance zone between $320 billion and $340 billion. After breaking this resistance in late 2024, the market is now retracing to form the Handle.
The immediate support is at around $320 billion, which was the Cup’s previous resistance. Breaking above the $340 billion level could confirm a breakout, targeting market caps of $500 billion or higher. The RSI Is at 56.45, indicating potential for further upward movement.
Analyst Insights on Market Moves
According to analyst Crypto Bullet, the upcoming altcoin season may see rapid gains once Bitcoin dominance collapses. This shift is expected to trigger a different kind of pump, allowing altcoins to achieve substantial gains in a short period.
The analyst cautions against selling too early, emphasizing the importance of preparing for a mid term paradigm shift. Altcoin Buzz echoes this sentiment, noting that many skeptics may regret not investing earlier.
The anticipated altseason could lead to major price increases across recommended altcoins such as LINK, SUI, SOL, XRP, ADA, and ETH. Analysts insist that the focus remains on stacking these digital assets in preparation for the anticipated market rally.
Market Sentiment and Future Trends
Crypto Rover highlights the current market sentiment, describing the ongoing phase as the “final bear trap” before the start of altcoin season.
The expectation is for daily gains of 20-25% to become common, indicating a shift towards a more bullish market. This view is supported by the current consolidation within the Handle phase, which suggests a potential breakout is imminent.
A successful breakout could see the altcoin market cap significantly higher, showing increased investor confidence and a renewed bullish sentiment. The market’s performance in the coming months will likely influence the next cycle, with potential innovations and investments driving growth across the crypto market.
