โ ๐๐ฅ๐ญ๐๐จ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐๐ค๐ฌ ๐๐๐ฒ ๐๐ซ๐๐ง๐ โ ๐๐ฒ๐๐ฌ $๐.๐๐!
Can the Momentum Hold for a True Bull Run?
โค Altcoin Market Breaks Out of Downtrend
After months of decline, the total altcoin market cap (excluding BTC) has finally broken above a long-term descending channel โ a technical pattern where price moves lower inside a narrowing range.
โข Breakout confirmed with a 35% rally, adding $350B in value
โข Market cap surged from $800B to $1.15T, now holding above this level
โข This $1.15T zone is acting as new support
โค Why This Breakout Matters
This channel lasted since late 2023, showing lower highs and lower lows.
Breaking out of it means a shift in market structure โ from bearish to potentially bullish.
โข Volume Spike during breakout = real buying interest
โข No harsh rejection or reversal = bullish continuation likely
โข Traders are now watching $1.5T โ a key resistance from late 2023
โค What to Watch Next
โข As long as $1.15T holds, the uptrend remains valid
โข If momentum continues, altcoins may retest $1.5T zone
โข A clean breakout above $1.5T would likely confirm a new macro uptrend
Investor Tip:
Pullbacks after breakout are normal. Traders often wait for confirmation of support holding (in this case, $1.15T) before re-entering or scaling in.
Is this the early signal of an altseason, or a fakeout? Letโs discuss below!