#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