Four Years of Altcoin Consolidation: Are We Facing the Final Shakeout Before a Huge Breakout?

The total altcoin market cap has been consolidating within a bullish ascending triangle pattern for the past four years, Analysts suggest the market may undergo a final shakeout before a significant breakout. While some major altcoins show mixed performance, the overall pattern points to a potential major rally ahead. After a massive, four-year consolidation period, the altcoin market may be entering a “final shakeout” phase before a significant and sustained breakout, according to a growing number of technical analysts. Analyst Ash Crypto shared this development today, suggesting the altcoin market could be approaching a significant breakout. The observation excludes Bitcoin and Ethereum, instead focusing on the broader altcoin segment. The Four-Year Ascending Triangle According to Ash Crypto, the altcoin market has formed higher lows since 2020 while meeting consistent resistance at a key horizontal level. This configuration forms an ascending triangle, a bullish chart pattern. Related: Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival The accompanying chart clearly outlines this pattern, with the triangle’s base extending f… The post Four Years of Altcoin Consolidation: Are We Facing the Final Shakeout Before a Huge Breakout? appeared first on Coin Edition .

Source: Coin Edition