๐จ ALTCOIN MARKET MEGA MOVE LOADING? ๐จ
The *total altcoin market cap* has been consolidating inside a *bullish ascending triangle* for *4 years straight*. โณ๐
This is a classic technical pattern that often leads to *major breakouts* once the resistance is finally broken.
๐ *Hereโs whatโs happening:*
- *Higher lows* consistently show buying pressure ๐
- *Flat resistance* near the top of the triangle shows sellers getting weaker ๐ค
- A breakout could signal a *massive altcoin rally* across the board ๐๐ฅ
โ ๏ธ *But first โ the shakeout:*
This recent dip could be the final *fakeout or "shakeout"* to flush out weak hands before lift-off ๐ฅ
Weโve seen this kind of move before major runs in 2017 and 2020 ๐
๐ก *Analysis:*
- If BTC dominance drops + ETH starts climbing, the altcoin breakout becomes *very* likely ๐๐
- Watch for *volume spikes*, RSI breakout & closing candles above triangle resistance for confirmation ๐ต๏ธโโ๏ธ
๐ข *TLDR:*
Altcoin season might be closer than it looks. The structure is bullish, the pressure is building, and all it might take is one catalyst to light the fuse. Stay sharp. ๐ง ๐๐ธ