Altcoin Season Near? OTHERS Chart Signals a Breakout
Altcoin market shows bullish signs with an ascending triangle pattern. Could Uptober spark the next altcoin season?
- OTHERS chart forms a bullish ascending triangle.
- Breakout could trigger major altcoin rally.
- Rektember pullback possible before Uptober gains.
Altcoin enthusiasts may finally have something to look forward to. The crypto market capitalization chart excluding Bitcoin and Ethereum — also known as the “OTHERS” chart — is showing a strong technical formation: an ascending triangle. This pattern typically signals a bullish breakout, and if history is any guide, altcoins could be gearing up for a significant rally.
The last time this pattern appeared, the altcoin market experienced an explosive move to the upside. Traders are watching closely as the price coils near the resistance line. If this resistance is broken with strong volume, it could trigger the long-awaited altcoin season — a period where altcoins outperform Bitcoin.
Caution Ahead: Rektember Before Uptober?
While the technical setup is promising, September — often called “Rektember” in crypto circles — is historically known for market corrections. This raises the possibility of a short-term pullback before any bullish breakout occurs.
However, October, playfully dubbed “Uptober,” has often been a strong month for crypto gains. If the OTHERS chart holds its pattern through the September turbulence, a breakout in early October could align perfectly with bullish seasonality.
Watch the Resistance Zone
The key level to monitor is the horizontal resistance on the ascending triangle. This line has held back altcoins from a broader rally. A clear breakout above it could mark the beginning of a fresh wave of capital flowing into smaller coins, leading to renewed excitement across the altcoin market.
Investors should stay cautious but prepared. Patterns like this don’t guarantee a rally, but they often serve as early indicators. With the right market momentum, the next altcoin season may be just around the corner.
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