- •Altcoin market confirms breakout above $1T with bullish momentum targeting $1.57T in the coming phase.
- •Fibonacci extensions point to $1.08T resistance before a possible run toward $1.57T.
- •Chart patterns suggest the altcoin market is entering a new growth cycle after consolidation.
The altcoin market has broken free from a prolonged symmetrical triangle and is retesting its breakout zone. With market capitalization now sustaining above $1 trillion, technical patterns suggest a move toward $1.57 trillion is developing.
Breakout of Long-Term Resistance
Analyst CryptoElITES (@CryptooELITES) recently noted that the altcoin market had broken out of a massive symmetrical triangle. This development, confirmed by price retesting the breakout level, signals a textbook bullish continuation setup.
The breakout comes after months of restricted price movement capped by a descending trendline. This resistance zone had previously halted multiple recovery attempts, keeping the market under pressure. By closing above the line, the structure shows a confirmed reversal in trend.
Chart data also reveals a rounded bottom pattern forming at the breakout zone. Such a structure often signals a shift in sentiment from accumulation to upward expansion. This adds weight to the continuation narrative for altcoins.
Role of Fibonacci Extensions
Technical analysis of Total 3 (Altcoins excluding Bitcoin and Ethereum) points to key Fibonacci levels shaping the next move. The 0.618 retracement near $749 billion acted as a transition zone, moving the market toward bullish expansion.
Currently, the altcoin market is trading near the 3.618 Fibonacci extension at $1.08 trillion. This level may serve as a resistance point before the market can push higher. Holding above $1 trillion strengthens the likelihood of further gains.
The chart projection suggests the 4.618 Fibonacci extension at $1.57 trillion as the next upside target. This represents a potential 40% move from the current capitalization level.
Psychological Threshold of $1 Trillion
Crossing the trillion-dollar threshold has strengthened the outlook for altcoins. Sustaining above this level suggests renewed capital inflows across the sector. The market is transitioning into a phase that historically precedes broader altcoin growth.
Price structure also shows the altcoin market consolidating gains while building liquidity for the next expansion. The rounded bottom pattern provides further confirmation of this accumulation process.
According to the analysis, the market structure now points to an approaching altcoin season. If the breakout holds, momentum could carry the market toward $1.57 trillion in the near term.