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#AltcoinBreakout Altcoin Breakout In the context of cryptocurrencies, a "breakout" refers to a significant increase in the price of an altcoin after surpassing a key resistance level. This phenomenon can be a sign that the altcoin is entering a new bullish phase and may attract more investors, which in turn can further drive up the price.
What is a "breakout" in cryptocurrencies?
A "breakout" occurs when the price of a cryptocurrency, in this case an altcoin, breaks a previously established barrier, such as a level of resistance or support on a price chart. This breakout indicates that buying pressure has exceeded selling pressure, and the price could continue to rise in the direction of the breakout. $BTC