#AltcoinBreakout "Altcoin breakout" refers to the moment when one of the alternative digital currencies (Altcoins) experiences a significant price increase after a period of stability or fluctuation within a narrow range. Here is a quick overview of this concept:
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🔍 What does altcoin breakout mean?
Altcoin: any digital currency other than Bitcoin (such as Ethereum, Solana, BNB, Cardano...).
Breakout: breaking through a strong price resistance, often after a period of consolidation or sideways fluctuation.
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📊 How does the breakout occur?
1. Accumulation: the price moves within a narrow range.
2. Compression: the fluctuation decreases, indicating an imminent movement.