- Analyst Snyder says no altcoin scaling until a confirmed break above $1.19T.
- Over 53K addresses sent altcoins to exchanges, the highest level in a year.
- Resistance at $1.10T–$1.18T continues to reject advances despite a 1.15% rebound.
Altcoin performance has entered a tense phase after losing momentum at recent highs. Analyst Lennaert Snyder pointed to the break in structure after the market tested its previous all-time high. According to him, total altcoin capitalization needs to reclaim $1.19 trillion before any sustainable upside can resume.
Current data shows cap excluding Bitcoin and Ethereum holding near $986.54 billion, reflecting a rebound of around 1.15%. The shift comes after a sharp pullback that erased the recent uptrend and placed the market back in a consolidation band.
Resistance Zone Blocks Recovery
Notably, the chart places major resistance between $1.10 trillion and $1.18 trillion. This band has rejected multiple upside attempts and remains a key supply region. The $1.09 trillion mark acts as a structural pivot.
A firm break above it could open room toward $1.20 trillion, an area analysts associate with renewed strength. However, momentum stalled after price failed to sustain levels above $1.10 trillion. The market remains capped under that threshold, adding pressure on buyers to regain control.
Downside Levels
The lower boundary around $749 billion still defines the broader trading range. If selling extends, the $900 billion to $850 billion band could come into play first. That area precedes the deeper $750 billion demand zone that held earlier this year.
Snyder’s stance shows caution, as he does not plan to scale into altcoins until a confirmed move above $1.19 trillion occurs. His view aligns with the broader structural pressures shown by recent resistance failures.
Exchange Flows Show Growing Strain
On-chain activity also shows notable stress. More than 53,000 addresses recently moved altcoins to exchanges, the highest figure in a year. That level of transfer often precedes decisive market action, as holders position for volatility.
The market now describes the setup as a decision zone defined by long-term consolidation and fading enthusiasm. Some traders cite past cycles where extended quiet phases preceded sharp expansions in cap. The concept ties back to Snyder’s point that historical opportunities formed after deep corrections rather than early advances.
Altcoins now are below key recovery levels, with resistance overhead and exchange deposits climbing. The next move depends on whether capitalization can retake the structural pivot and challenge the upper resistance band.
