A market valuation of $5.4 trillion is expected in the altcoin market during the altcoin season
The cup and handle pattern is a classic bullish continuation pattern in technical analysis. It typically indicates the potential for an asset to continue rising after a period of consolidation. According to Van Lagen, this pattern has appeared on the biweekly chart of the altcoin market. It consists of a U-shaped price movement (cup), representing a period of decline and gradual recovery, as observed between 2022 and mid-2024.
The cup and handle pattern indicates that the alternative season is ready for launch, according to an analyst.
