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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

NEAR Protocol Achieves 50 Million Operations Milestone

chest

NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.

user avatarArif Mukhtar

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

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.