The total cryptocurrency market cap is showing signs of a potential breakout, maintaining a bullish structure above $3 trillion. Analysts highlight the formation of higher highs and lows, suggesting a move towards $4.5 trillion if current support levels hold. This ascending pattern, observed since late 2023, indicates resilience despite macroeconomic challenges.
The altcoin market cap, excluding the top 10 assets, is also holding above a critical support zone between $202 billion and $178 billion. Analysts suggest this could signal the onset of Altcoin Season 3.0, with historical cycles aligning to support this trend. The next two weeks are crucial for confirming this trajectory, as a break below current support could delay momentum.
Overall, the market's technical structure and historical patterns suggest a bullish outlook, with the potential for significant gains if key support levels are maintained.
Crypto Market Cap Poised for Breakout as Altcoin Season Gains Traction
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