• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Altcoin Market Set for Bullish Breakout: Signals for $2 Trillion

user avatar

by Giorgi Kostiuk

a year ago

The altcoin market is in the early stage of a significant breakout, potentially signaling a new altseason. Technical indicators show a promising path for altcoin market cap growth.

Cup and Handle Pattern Signals a Bullish Breakout

Market analyst MikybullCrypto has identified a cup-and-handle formation on the altcoin market cap chart, typically seen as a bullish signal. The potential for altcoin market cap to reach $2 trillion by late 2025 appears feasible.

Altcoins cap cup&handle breakout is occurring. This means one thing: ALTSEASON is about to begin from the end of this month till March 2025.MikybullCrypto

Impact of Altcoin Dominance

The altcoin market is gaining strength, with a gradual change in dominance. Dominance has surged to 9.67%, indicating rising investor interest in smaller altcoins. The RSI is at 57.45, showing increasing bullish pressure, without reaching overbought levels.

Altcoin Season Expected to Begin by November’s End

The altcoin season is expected to start at the end of November, extending to March next year. During this period, altcoins may outperform big cryptos like BTC and ETH due to capital shift.

The altcoin market shows a bullish tendency, supported by both large and small investments. Technical indicators suggest a potential for significant growth.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Grayscale Research Highlights Urgent Quantum Computing Threats

chest

Grayscale Research warns the crypto industry about urgent threats posed by quantum computing to blockchain encryption, highlighting the need for proactive measures.

user avatarTomas Novak

XRP Ledger Enhances Security with Quantum-Resistant Signature

chest

XRP Ledger introduces a new quantum-resistant digital signature called MLDSA to enhance security against potential quantum computer attacks.

user avatarKaterina Papadopoulou

Israel Confirms Assassination of IRGC Intelligence Chief

chest

Israel has confirmed the assassination of Majid Khademi, a senior figure in Iran's IRGC, intensifying the conflict.

user avatarMaya Lundqvist

Iran Mobilizes Citizens Against US Bombing Threats

chest

Young Iranians are urged to form human chains around power plants in response to Trump's threats to bomb civilian infrastructure.

user avatarLeo van der Veen

New Regulations for South Korean Crypto Exchanges

chest

The Financial Services Commission of South Korea has announced new regulations for crypto exchanges, requiring enhanced internal controls and auditing processes.

user avatarLi Weicheng

Bithumb Delays Stock Market Listing Due to Regulatory Scrutiny

chest

Bithumb has postponed its stock market listing to 2028 due to the need for improved accounting systems and internal controls following regulatory scrutiny.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.