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Altcoin Market Breakout

Written By: ChartChamp

September 27, 2024

The Altcoin market is trading above an extremely important resistance level right now. This cup and handle pattern took 3.5 years to form, and Altcoins are on the brink of a bullish breakout. So far the Altcoin market cap has stayed above resistance over the past day, and needs to stay above $620 billion to maintain bullish momentum. I would like to see some more follow up volume, which I think we are likely to get in October.

Nice buy volume for Altcoins today. The breakout is looking promising so far.

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