- Altcoin season nears as breakout patterns and RSI trends mirror past bull cycles, signaling strong market momentum.
- Historical altcoin cycles show dominance surges after breakouts, with 2023’s trends aligning closely with past bullish phases.
- RSI strength confirms potential altcoin rally, as higher lows indicate growing momentum before explosive price movements.
The cryptocurrency market may be about to enter a significant altcoin season, according to expert Javon Marks. Prices are rising and the Relative Strength Index (RSI) is making higher lows, which point to a breakout in recent trends. Altcoin dominance cycles have often started with these patterns. with RSI patterns consistent with past bull markets and a robust breakout.
Historical Altcoin Cycles and Breakout Patterns
Each altcoin season in the past followed a similar trajectory. the 2016–2017 cycle started with a downtrendline before it broke out, and this led to sudden dominance growth. In the 2020–2022 cycle, this pattern recurred. Following a breakout, market dominance quickly grew, adding momentum.
Now, in the 2023 cycle, a similar structure is unfolding. A downward trend preceded a breakout, suggesting an upcoming dominance surge. Market analysts observe strong historical correlations, pointing to a potential bullish phase. The emergence of a breakout box further supports the probability of a significant rally.
RSI Confirmation and Market Strength
Technical indicators add more credibility to this bullish outlook. The RSI, a key momentum indicator, has consistently formed higher lows before major altcoin breakouts. Each past bull cycle showed this trend, with RSI signaling market strength ahead of price movements.
Currently, the RSI continues to rise, reinforcing the likelihood of an altcoin dominance surge. This trend mirrors previous cycles, where RSI strength preceded explosive price increases. If this pattern holds, the market could soon witness another altcoin rally.
Altcoin market dominance moves through structured cycles, with breakouts acting as pivotal turning points. Historical trends strongly suggest that a new altcoin bull season could be imminent. Besides, the breakout box, coupled with RSI strength, aligns with past patterns.
