#AltcoinBreakout

Altcoin breakout occurs when the price of an altcoin (cryptocurrency other than Bitcoin) breaks through an important resistance level (previous highest price) or support level (previous lowest price), often with high trading volume. This indicates that buying or selling pressure is strong enough to push the price out of the consolidation range and potentially start a new trend.

A bullish breakout (breaking resistance upwards) indicates significant potential price increases, while a bearish breakout (breaking support downwards) indicates potential declines. Traders often capitalize on breakouts to open positions, hoping to profit from strong price movements following the breakout. However, it is important to distinguish between genuine breakouts and false breakouts, which can lead to losses.