The altcoin market cap is showing signs of strength as it rebounds off a key ascending trendline, maintaining bullish structure despite recent volatility. Currently, it’s trading just below a crucial horizontal supply zone, which has previously acted as strong resistance. This level remains the next major hurdle for altcoins to overcome.
Adding to the bullish sentiment, the Ichimoku Cloud is providing dynamic support — a key indicator of momentum in trending markets. As long as the price remains above the cloud, the bias leans bullish.
If the market manages a clean breakout above the current supply zone, it could pave the way for a strong rally across major altcoins. Such a breakout would likely trigger renewed investor interest, increased volume, and momentum-driven upside moves.
However, a period of consolidation remains possible as the market tests the resistance zone. Traders should monitor for a decisive move — either a breakout to the upside or a rejection that could lead to short-term pullbacks.
Overall, the structure remains encouraging for bulls, but confirmation through price action will be key. Watch closely as the market approaches this pivotal zone.
