Zinger Key Points
- Altcoin markets are on the verge of a breakout, with one analyst seeing a 70% upside from the current levels.
- Another analyst highlights the stages of altcoin market capitalization, which is currently in post breakout consolidation.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
Cryptocurrency trader and analyst Moustache indicated the technical altcoin chart has changed to green, signaling a 70% potential upside.
What Happened: The analyst noted the Gaussian channel, which changed to green in 2016 and 2020, has historically provided a positive signal for altcoins.
In a separate tweet, he pointed out altcoins have broken out of a Falling Wedge that has been in place for more than two years. He stated, “What's happening now is called bullish consolidation. The first real target is 70% higher from here.”
The Gaussian channel is a three distinct bands indicator. Whenever the price enters this channel from either the upper or lower boundary, it serves as a potential indicator of an impending price reversal.
Why It Matters: While the spot Bitcoin ETF approval did not lead to the expected Bitcoin price rally, altcoins have garnered significant attention.
Crypto analyst, CEO and founder of MN Trading Consultancy Michaël van de Poppe saw consolidation in the total market cap of crypto. He tweeted, “Very likely that we'll see a continuation from here, the momentum and trend are extremely strong. Continuation towards $2.2T coming from #Altcoins.”
What’s Next: Crypto trader and analyst Rekt Capital noted the continued strong performance of coins such as Solana SOL/USD and Chainlink LINK/USD from the fourth quarter altcoin hype cycle of 2023: “Market may be gearing up for a Q1 Altcoin Hype Cycle.”
Additionally, crypto investor, Jelle outlined four stages for the altcoin market cap: accumulation, breakout, post-breakout consolidation and liftoff. “It looks like we are currently in stage 3 (consolidation).”
With Bitcoin and Ethereum stalling post-ETF approval, the recent memecoin frenzy has prompted traders to seek quick profits and outsized gains elsewhere.
Read Next: Report Outlines How To Trade Today's Altcoin Market: 'SOL Will Be Our Main Focus'
Photo: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
