The altcoins market cap has formed a significant cup and handle pattern, with resistance identified near $1.2 trillion. Analysts suggest that a breakout above this level could propel the market cap towards $3.12 trillion. This development comes as Bitcoin's dominance declines, prompting a shift of capital into altcoins. Investor sentiment appears optimistic, with steady accumulation observed in the market. Analysts are closely watching the handle consolidation and volume trends around the resistance level, which could indicate the potential for a substantial upward movement in altcoin valuations.