#AltcoinSeasonComing Altcoin Surge Follows Bitcoin’s Breakout: DOGE, XRP, ETH, and SOL Ride the Cloud
Top #Altcoin s are tracing Bitcoin’s path upward, fueled by a recent bullish breakout above the Ichimoku cloud—a pivotal technical indicator often signaling major momentum shifts in crypto markets. Following Bitcoin’s decisive move on April 23, where it surged past cloud resistance and rallied into six-figure territory, altcoins like Dogecoin (DOGE), Ripple (XRP), Ethereum (ETH), and Solana (SOL) are beginning to mirror the pattern, raising hopes for another alt-season.
Ichimoku Cloud: A Time-Tested Signal
Developed in the 1960s by Japanese journalist Goichi Hosoda, the Ichimoku cloud is widely used to identify trends, support and resistance zones, and potential reversals. Comprising five key lines—Leading Spans A & B (which form the cloud), the Tenkan-Sen (Conversion Line), Kijun-Sen (Base Line), and a Lagging Span—the indicator is known for capturing momentum with clarity.
Crossing above the cloud signals bullish sentiment, while a drop below it suggests bearish momentum. Bitcoin’s successful breakout through this resistance zone triggered a strong rally, culminating in its ascent past the $100,000 milestone.
Altcoins Enter the Fray
Now, major altcoins are showing similar Ichimoku patterns, hinting at continued upside:
DOGE (Dogecoin) is approaching a critical long-term bear market trendline. A confirmed breakout above this level would target resistance near $3.02, last seen on March 2.
XRP (Ripple) has pierced the cloud, redirecting attention to a key resistance zone at $0.30, marked by a descending trendline from February’s highs.
ETH (Ethereum) has broken through the cloud with momentum, setting sights on its 200-day simple moving average (SMA) near $2,700. Clearing this level could pave the way for renewed bullish sentiment.
SOL (Solana) faces resistance at around $218, which represents the 61.8% Fibonacci retracement of its January to April correction.