The total altcoin market cap has been consolidating within a bullish ascending triangle pattern for the past four years,
Analysts suggest the market may undergo a final shakeout before a significant breakout.
While some major altcoins show mixed performance, the overall pattern points to a potential major rally ahead.
After a massive, four-year consolidation period, the altcoin market may be entering a “final shakeout” phase before a significant and sustained breakout, according to a growing number of technical analysts.
Analyst Ash Crypto shared this development today, suggesting the altcoin market could be approaching a significant breakout. The observation excludes Bitcoin and Ethereum, instead focusing on the broader altcoin segment.
The Four-Year Ascending Triangle
According to Ash Crypto, the altcoin market has formed higher lows since 2020 while meeting consistent resistance at a key horizontal level. This configuration forms an ascending triangle, a bullish chart pattern.
Related: Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival
The accompanying chart clearly outlines this pattern, with the triangle’s base extending f…
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