The altcoin market is currently experiencing an important breakout phase, which could signal the start of an altseason. This phase is marked by a noteworthy rally, supported by favorable technical indicators.
Market analyst MikybullCrypto has identified a cup-and-handle pattern in the overall chart of altcoin market capitalization. This pattern is traditionally interpreted as a bullish signal, indicating positive momentum in the market.
The potential $2 trillion target for the altcoin market suggests a significant upside, reinforcing the optimism around the ongoing rally and the emergence of altseason.
Bron: www.thecoinrepublic.com ↗
