- Altcoin dominance has compressed within a four year falling wedge, now testing key resistance near 0.15.
- Analyst labels the current setup a textbook retest of 2024 highs with momentum building.
- A breakout could shift focus to resistance targets at 0.20–0.25, while failure risks a drop toward 0.10.
Altcoins continue to trade near a key decision point after spending nearly four years underperforming Bitcoin. According to analyst El Crypto Prof, the OTHERS/BTC pair, which measures the combined valuation of major altcoins relative to Bitcoin, has compressed within a falling wedge formation since mid-2021.
The structure features consistent lower highs and lower lows contained between two converging downward trendlines. Price declined from levels above 0.40 to the current range near 0.13.
However, repeated failures to break below the lower support boundary indicate sustained accumulation pressure. Each upward attempt has slowed at the same resistance zone, creating a narrowing range that now nears exhaustion.
Long Term Compression
The analyst described it as “one of the few altcoin charts you should monitor daily,” stressing the maturity of the setup. Historical wedge structures often resolve with a sharp directional expansion, making the current resistance test notable.
The range between 0.13 and 0.15 has capped multiple attempts over recent months. However, the analyst noted that the ongoing retest appears more aggressive than previous attempts.
“Textbook Setup”
El Crypto Prof reiterated his stance with a separate post, calling it “one of the most bullish charts for Altcoins.” He referenced current price action as a “textbook retest of the highs from 2024.” The ongoing weekly candle, he added, “closes today,” suggesting the immediate outcome may set the tone for the coming sessions.
If the upper boundary gives way, attention would likely shift toward former resistance clusters near 0.20 to 0.25. A stronger drive, he noted in previous commentary, could extend toward 0.30 if momentum accelerates.
Broader Market Outlook
Market behavior during similar cycles has often seen capital rotate from Bitcoin into alternative assets once Bitcoin stabilizes near highs. The maturity of the current wedge aligns with that framework, although no confirmation has occurred yet.
Should resistance reject price again, downside risks remain toward the 0.10 region. However, El Crypto Prof maintains that pressure favors the upside based on repeated defense of the lower boundary.
