#AltcoinBreakout
Bitcoin dominance charts moving downward may be a signal that the much-anticipated “altcoin season” is finally here, analysts said.
Key takeaways:#
Altcoins’ cup-and-handle pattern projects a rise to $2.78 trillion market cap, hinting at an “altcoin season.”
Bitcoin dominance below key moving averages suggests altcoins may outperform in the near term.#
According to crypto traders, many altcoins are currently displaying some bullish patterns that suggest “it’s altcoin season” as Bitcoin dominance begins to drop.#
Altcoins eye “phenomenal” rally to $2.78 trillion
In the latest altcoin analysis, trader Jelle highlights a breakout from a highly bullish continuation cup-and-handle setup forming on the TOTAL3/USD weekly price chart.#BinanceHODLerC
TOTAL3 refers to the combined market capitalization of all cryptocurrencies excluding