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Altcoin Market Breakout Targets $1.75 Trillion After Key Resistance Flip
Altcoins just smashed through $1.04T resistance with real strength and could now be gearing up for a run toward $1.75T.
After the brutal 2022 crash, altcoins have clawed back with higher lows and now show real signs of life and continuation.
Buyers keep defending long-term support and with this breakout confirmed, the stage looks set for altcoins to shine again.
The crypto market beyond Bitcoin and Ethereum is signaling a powerful shift as total capitalization excluding the top two coins breaks a crucial resistance. According to Crypto Caesar, the market valuation now stands at $1.02 trillion, gaining $20.27 billion or 1.98% recently
Resistance Levels Finally Give Way
Altcoins have had a difficult trip since 2018, according to the long-term chart. The bear market of 2018โ2019 caused the market value to fall to just $43 billion. Although the recovery started out slowly in late 2019, it picked up speed in 2020. As a result, in just 18 months, capitalization increased by approximately 1,500%, from $77 billion to $1.25 trillion by 2021.
Source: Crypto Caesar
The collision in 2022, however, was devastating. At $275 billion, the market value plummeted, wiping off 78% of its peak. But beginning in late 2022, higher lows began to accumulate
An ascending triangle pattern between 2023 and 2025 was therefore set in motion. The rising trendline indicated that purchasers were not retreating, despite repeated price declines due to resistance near $1.04 trillion.
Breakout Signals Bullish Continuation
The breakout above $1.04 trillion is now confirmed with strong volume and consistent demand. Buyers are stepping in aggressively while sellers appear weaker. Moreover, technical analysis suggests this breakout targets $1.75 trillion, based on triangle height projections. The structure clearly shows bullish continuation, with recent candlesticks highlighting solid buying pressure.
Furthermore, the 2020 long-term support trendline, which links cycle lows over a number of years, is still in place. This line supports the positive view and bolsters market confidence. As a result, the breakout appears to be the beginning of a longer trend rather than a brief spike.
This breakout signals altcoins could be entering a new growth phase. With Bitcoin and Ethereum already leading, the broader crypto market may now follow.
The post Altcoin Market Breakout Targets $1.75 Trillion After Key Resistance Flip appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.