#AltcoinBreakout Altcoin breakout seems to be on the horizon, with several factors pointing towards a potential surge. Here's what's happening:

*Recent Breakouts:*

- *Stellar (XLM)*: XLM has caught the market's attention with a dramatic price surge and bullish technical breakout, climbing nearly 60% in the past week and trading around $0.47. Veteran trader Peter Brandt flagged XLM's chart as promising, citing an inverse head-and-shoulders pattern on the monthly chart.

- *SUI (Sui)*: SUI witnessed a pronounced breakout, driven by increasing adoption of its blockchain infrastructure and expanding utility in decentralized app development. Its current price is around $4.04, with a market cap of $13.96 billion ¹ ².

*Market Sentiment:*

- *Altcoin Season*: With Bitcoin's recent surge past $118,000, the focus is shifting to altcoins. Analysts believe that altcoins could be on the verge of a significant breakout, with potential targets reaching $1.1 trillion in market cap.

- *ETH/BTC*: The ETH/BTC pair is nearing a breakout point that historically marked the beginning of broad altcoin rallies. A confirmed breakout could trigger rapid capital rotation into large- and mid-cap altcoins .

*Key Levels to Watch:*

- *Resistance Levels*: A breakout above $780 billion in TOTAL3 market cap could send altcoins surging toward the next major resistance at $929 billion.

- *Support Levels*: Failure to hold the $903 billion-$915 billion support zone may result in a retest of lower levels, potentially targeting the $850 billion range .

*Potential Candidates:*

- *Ethereum (ETH)*: With strong fundamentals and high trading volumes, ETH is a prime candidate for significant gains. Historically, ETH/BTC pairs have rallied 20-30% during Bitcoin's breakout events.

- *Solana (SOL)*: SOL is another altcoin that could benefit from a Bitcoin ATH breakout, with potential for increased buying pressure ⁷.