#AltcoinBreakout
The term "altcoin_rally" refers to a notable upward movement in the price of a cryptocurrency (any digital currency other than Bitcoin) after a period of stability or a downward trend. These rallies are often fueled by the stability of Bitcoin or a decline in its dominance, allowing capital to flow into other digital assets.
The current market situation indicates an increasing likelihood of altcoin rallies. The recent rise of Ethereum and the broader altcoin market capitalization (TOTAL2) surpassing key technical levels suggest renewed upward momentum. Analysts note that many altcoins are forming bullish patterns, and some expect a "range-bound" phase reminiscent of the altcoin season of 2021. This often coincides with increased interest from retail investors seeking higher returns beyond Bitcoin.
