An Altcoin Breakout refers to when an altcoin suddenly changes its price direction by breaking through its resistance level. Such breakouts usually create significant movements in the market. Many traders enter trades based on these breakouts and make profits. However, not all breakouts are genuine. Often, false breakouts occur, and the price falls again. Therefore, having a good understanding of technical analysis is crucial. The strength of a breakout can be assessed using tools like RSI, MACD, and Volume analysis. The prices of altcoins change very rapidly, so the risks are also higher. However, if the strategy is followed correctly, it is possible to make significant profits from Altcoin Breakouts.$SUI