#AltcoinBreakout Altcoin Breakout Potential

Altcoins are showing signs of breaking out, especially with Bitcoin hitting new all-time highs. Analysts like Michaël van de Poppe suggest that once Bitcoin surpasses its previous all-time high, a significant breakout for altcoins is likely ¹.

Key Altcoins to Watch

- *Stellar (XLM)*: Has already seen a dramatic price surge and bullish technical breakout, climbing nearly 60% in the past week.

- *Ethereum (ETH)*: Expected to break out soon, potentially hitting $4,000 or even $6,000–$7,000 this cycle.

- *Solana (SOL)*: Long-term outlook remains strong despite temporary selling pressure.

- *Sui (SUI)*: Worth stacking gradually if it holds above $3.40.

- *AVAX*: Could be a strong buy opportunity if it drops to around $20 ² ³.

Market Indicators

Grayscale notes that Glassnode's Altcoin Bull Index was triggered on July 9, suggesting a conducive environment for capital rotation into altcoins. If momentum maintains, altcoins could see significantly higher returns .