The altcoin market, as indicated by $OTHERS, has experienced a third bullish crossover between the 21-week and 50-week simple moving averages. Despite a 6.39% decline over the past week, the market capitalization remains above both SMAs at $298.01 billion. Analyst CryptoFlow highlighted that similar patterns in August 2023 and December 2024 led to rallies, although they eventually faced resistance. The current market structure is noted to be cleaner, with prices moving within a multi-month ascending channel. The 2021 peak of approximately $448.97 billion continues to serve as a significant resistance level.