#AltcoinBreakout #AltcoinBreakout

An "Altcoin Breakout" in crypto signifies when an altcoin's price surges past a key resistance level, often with a significant increase in trading volume. This movement suggests strong buying pressure and a potential shift in market momentum towards altcoins.

It often precedes an "altcoin season" where capital rotates from Bitcoin into other cryptocurrencies, leading to substantial price gains across the altcoin market. Traders identify breakouts using technical analysis, looking for confirmations like increased volume, bullish chart patterns (e.g., cup and handle, triangles), and a decline in Bitcoin dominance. It's a key signal for potential upward trends.