Altcoins Push Toward Key Resistance as Bulls Signal Imminent Alt-Season

$TOTAL2 forms higher-high, higher-low structure after breakout, signaling a macro uptrend and increasing bullish momentum across the altcoin market.

Compression near resistance suggests accumulation is occurring, pointing toward a potential breakout that could ignite widespread altcoin gains.

Altcoin Season Index hits 82, highest since December 2024, confirming rising market dominance and increased rotation into altcoins.

Altcoins are currently testing major resistance levels, and recent chart activity suggests bulls are gaining momentum. Market indicators point to a possible alt-season resembling previous historic rallies.

Altcoins Coiling for Breakout

The Crypto Total Market Cap Excluding BTC ($TOTAL2) chart displays a long-term consolidation after a peak in prior bull cycles. Since the end of 2021 and mid-2023, a descending triangle was formed and has recently busted upwards. Such breakout shows that the performance of altcoins can be changed.

Since the breakout, $TOTAL2 has formed a higher-high, higher-low structure resembling an impulse wave. This pattern suggests the beginning of a macro uptrend for altcoins. The price movement shows steady accumulation and increasing market participation from buyers.

Current activity shows $TOTAL2 consolidating just below horizontal resistance that had previously rejected altcoins multiple times. Bulls appear to be gradually absorbing the selling pressure. Market commentator Javon Marks observed that altcoins are approaching key resistance levels, signaling strong bullish activity and a potential alt-season.

Technical Patterns Point to Bullish Momentum

The $TOTAL2 chart resembles a cup-and-handle formation, a classic bullish continuation pattern often preceding strong upward moves. Traders closely monitor this setup for confirmation of sustained market strength.

Altcoin markets are observing the potential breakout above key resistance levels, which would signal a shift in market structure. If breached, this could trigger increased capital rotation into altcoins.

Analysis of market behavior shows bulls are steadily gaining control over supply zones, indicating accumulation near resistance. Javon Marks highlighted that this breakout could ignite a phase comparable to historic altcoin rallies.

Market Signals and Altcoin Season Index

The Altcoin Season Index recently reached 82, the highest since December 2024, suggesting momentum is building across altcoin markets. Analyst Mike Brown indicated that the current rotation shows early signs of a heating alt-season.

Source: Mike Brown

This index reflects growing dominance and trading volume among altcoins relative to Bitcoin. Historical trends suggest such readings often precede periods of notable altcoin gains.

With Elliott Wave counts aligning and compression near resistance, the breakout scenario is supported by multiple technical indicators. Altcoins with strong fundamentals could see rapid price appreciation if the resistance level is breached.

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