The black resistance line, first drawn during earlier bullish cycles, has been retested, sparking interest among traders.
Black Resistance Line: A Major Technical Trigger
The black resistance line, first drawn during previous bullish cycles, has been retested for the first time in over four years. Historically, touches in 2019, 2020, and 2021 each signaled the beginning of a strong altcoin rally. This latest touch excites traders anticipating the next leg up.
Historical Context: Altcoin Rallies After Each Touch
After initially failing to break through, the black resistance test preceded a broad crypto resurgence in 2019. Key altcoins—such as Ethereum, Polkadot, and Cardano—recorded double- and triple-digit gains, creating headlines and establishing momentum. A similar pattern emerged during the extended bull cycle from 2020 to 2021, ultimately leading to explosive gains.
Why This Matters Now: Imminent Altseason?
The latest contact with the resistance line carries significant implications for market structure. Traders see this as a 'make or break' moment—either altcoins push through or retreat again. Should Bitcoin consolidate, capital could rotate into altcoins, triggering the next wave. Additional technical factors such as volume surges, moving averages, and RSI could confirm a shift towards an altcoin-led rally.
The retest of the black resistance line after more than four years may play an important role in determining the future dynamics of altcoins. The key focus should be on whether altcoins can break and hold above this level, potentially igniting a new growth phase.
