Altcoin Market Cap Nears Critical Breakout as Capital Rotation Signals Potential Altseason
The altcoin market shows tightening consolidation within an ascending channel, with TOTAL2 hovering NEAR $1.26 trillion after rebounding from key support at $1.21 trillion. Repeated rejections at the $1.65T–$1.75T supply zone now form the decisive breakout threshold—a weekly close above this level could propel the sector toward $1.9T–$2.0T.
Market breadth improves as capital quietly rotates from bitcoin to altcoins, with faster dip-buying and shifting risk appetite suggesting strengthening altcoin dominance. Traders await macroeconomic catalysts from US data to confirm whether this compression will resolve into a full-fledged altseason.