- Altcoin market cap sits near $827B as it eyes a breakout, with prices respecting a key trendline since 2023 and momentum intact.
- Volume strength and consistent higher highs since 2023 suggest altcoins may soon breach resistance and reach a new market cap peak.
- A descending triangle nears its apex as altcoin prices consolidate above support, signaling a possible breakout and trend continuation.
According to analyst Moustache, The altcoin market is approaching a pivotal breakout level as it continues building on gains from a multi-year uptrend. As of April 2025, the total crypto market cap excluding Bitcoin and Ethereum stands at $827.85 billion. Despite a minor 1.09% decline, technical indicators remain solid. The market structure suggests a potential all-time high may be within reach. This upward movement stems from a consistent channel that has guided price action since 2023. Altcoins have shown resilience and structure, with higher lows and steady recovery patterns shaping the broader trend.
Source: Moustache
Besides, the market has respected a primary support line stretching from 2023 through 2025. Price action never dropped below this trendline, even during sharp pullbacks. Volatility increased in 2024, but prices repeatedly bounced from strong support. Hence, bullish momentum remained intact. Each rally pushed the market cap closer to testing the upper boundary of the current trend channel. This channel has been a reliable indicator of market behavior, guiding sentiment over multiple cycles.
Strong Technical Structures Support Continued Growth
The altcoin market has formed consistent higher highs across two years. Moreover, volume activity reinforces the strength of each breakout. During late 2023 and early 2024, altcoins gained substantial traction. Liquidity surged and demand expanded across mid- and small-cap projects. Additionally, periods of consolidation allowed for healthy corrections. These cooling-off phases helped maintain structural integrity throughout the run.
Currently, prices sit above the trendline with no sign of deeper breakdowns. Consequently, the consolidation near $827 billion may act as a launchpad. Traders are eyeing the upper trendline as a critical resistance zone. A confirmed breakout could trigger another leg up. Technical charts reveal that the descending triangle in the lower indicator is nearing its apex. That zone marks a potential decision point for market momentum.
