Analysts from Bitcoinensus and Sykodelic have identified a cup-and-handle pattern in the TOTAL3 altcoin market cap, excluding Bitcoin and Ethereum, suggesting a potential breakout. The pattern indicates a possible rise above the $1.2 trillion resistance level, with a target of $2.01 trillion. Additionally, a reverse head-and-shoulders pattern on the weekly chart suggests altcoins could outperform Bitcoin in the near future. The analysts highlight that the current market decline aligns with historical cycles, potentially marking a turning point for altcoin performance.
Analysts Forecast Altcoin Market Cap Surge to $2.01 Trillion
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