Altcoin market breaks out of $1.23T resistance after three-month consolidation with rising volume and bullish momentum.
Weekly inverse head and shoulders pattern confirms trend reversal, projecting a move toward the $1.55T–$1.60T range.
Daily chart shows higher lows and strong breakout, reclaiming levels last seen in early 2025 with continued structural strength.
The total market cap of altcoins, excluding BTC, has broken through a resistance level near $1.23 trillion. After spending over three months consolidating within a close range between $1.15 trillion and $1.23 trillion, the market posted a breakout.
This movement came with a strong bullish trend and rising volume, with more upticks expected as noted by Ufo calls, confirming a shift in market structure. Current levels hover around $1.28 trillion, marking the highest point since March 2025.
Inverse Head and Shoulders Confirms Trend Reversal
On the weekly chart, Nebraskangooner observes a completed inverse head and shoulders pattern now defines the altcoin market’s structure. The pattern includes three distinct troughs and a neckline at $1.22 trillion. This neckline acted as a key resistance level, tested repeatedly before finally breaking. A strong bullish weekly candle closed above this line, confirming the breakout and trend reversal.
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The formation developed between February and June 2025, creating a solid base of support. The breakout from this formation indicates upward continuation, with price targets projected between $1.55 trillion and $1.60 trillion. This range aligns with a previous supply zone that held as resistance earlier in the year.
Daily Timeframe Shows Consolidation and Accumulation
On the daily timeframe, the market had remained locked in a horizontal consolidation for over 90 days. This range formed after the sharp correction that followed the March 2025 high. The structure developed consistently higher lows throughout June, building upward pressure on resistance.
Source: X
The breakout began in late June with consecutive bullish daily candles. Volume expanded throughout the move, confirming momentum behind the price action. After breaking through $1.23 trillion, the altcoin market reclaimed territory lost earlier in the year.
This newly claimed zone previously served as support in January before flipping into resistance. Now that the level is broken again, it may serve as a fresh support area. A green arrow on the chart indicates this key zone, pointing to the area now holding structural importance.
Market Targets Return to Previous Highs
The projected move based on the inverse head and shoulders formation indicates a 25% upside from the breakout level. This move would bring the market toward levels last reached during the late 2024 and early 2025 bull run. Price currently trades well above the psychological $1 trillion mark, with both the 20-week and 50-week moving averages trending below.
The 200-week moving average remains far beneath current price levels, signaling continued long-term strength in the trend. Volume patterns, price structure, and moving averages all support the current momentum. The altcoin market continues to recover ground, with technical levels pointing toward the $1.5 trillion region.
