The altcoins are preparing to follow Bitcoin higher as their combined market capitalization breaks out. Could this be the start of the next stage of the bull market?
Altcoins stirring at last
The altcoins are stirring at last. So far in this crypto bull market, the main player and mover, without question, has been Bitcoin. Among the altcoins, very few have kept up with the number one cryptocurrency, and even less have outperformed it.
However, following the latest price surge from the $BTC price, various altcoins are breaking trend, and the market capitalization of the altcoins has also finally broken out.
Total3 channel breakout
Source: TradingView
Looking at the daily chart for Total3, which is the combined market cap of all altcoins, excluding $BTC and $ETH, it can be observed that the descending channel, within which the altcoin market cap has traversed, has finally broken to the upside.
As can be seen in the chart above, a candle wick came down to test the 0.618 fibon
We współpracy z: https://cryptodaily.co.uk/2024/09/altcoin-market-cap-breaks-out
