- Altcoin market rebounds 200% from 2022 lows with Wyckoff and Elliott Wave patterns signaling an imminent bullish breakout.
- Analysts highlight Phase E of Wyckoff and Wave 3 of Elliott suggesting altcoins are entering a powerful markup phase.
- Strong support levels and institutional accumulation confirm that altcoins are poised for explosive growth in the coming cycle.
As per Crypto analyst Moustache analysis, the altcoin market is nearing a critical breakout point, with technical signals confirming a strong bullish setup. Currently, the total market cap excluding Bitcoin stands at $1.114 trillion, showing only a slight dip of 0.37%. This comes after a sharp rebound from the 2022 lows of $400 billion—a 200% recovery.
Analyst point to a combination of Elliott Wave and Wyckoff Accumulation theories to suggest that an Altseason is around the corner. Stocks have already hit fresh all-time highs. Hence, crypto markets are expected to follow with even sharper upside momentum.
Source: Moustache
Wyckoff Accumulation Signals Institutional Buying
The chart analysis spans from March 2022 through November 2025. It follows a complete Wyckoff Accumulation schematic. Phase A kicked off with initial support after heavy selling. Phase B showed clear sideways consolidation between 2022 and 2023. During this time, major players quietly built their positions. Consequently, the Last Point of Supply emerged, signaling the final wave of selling pressure.
In Phase C, the market staged a spring and test formation. Prices briefly dipped below support but recovered quickly. This created a classic bear trap. Phase D confirmed the bullish structure. Prices broke resistance and formed higher highs. Now, Phase E has begun. Altcoins show steady markup action with strong buyer momentum and rising volume.
Elliott Wave Suggests Impulse Phase Underway
Additionally, long-term Elliott Wave analysis from 2015 to 2025 outlines a structured bull market cycle. Wave 1 initiated in 2016 and peaked near $800 billion in 2018. Then came Wave 2’s deep correction into 2020. A new Wave 1 emerged during the 2020-2021 bull run, reaching $1.6 trillion. However, the 2022 crash marked another corrective Wave 2.
Source: Moustache
Now, the analyst believes Wave 3 has just begun. This is often the strongest phase in Elliott Wave cycles. Moreover, the market sits on a strong ascending support line. This trendline dates back years and remains unbroken. Colored boxes show repeated accumulation phases before major rallies.
