Altcoins Roar Back to Life: Will the Bulls Keep Charging? 🐂🚀

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Ah, the sweet scent of altcoins awakening from their slumber! The crypto market is abuzz with excitement as Ethereum and its brethren reclaim their rightful place in the sun. Yes, dear reader, the altcoins have surged above the $3,450 level, their highest price since mid-January. This breakout signals growing confidence among the bulls and has sparked renewed interest across the altcoin sector.

It’s not just the big names like ETH and SOL enjoying the limelight; mid- and small-cap tokens are also showing signs of strength, supported by increasing volume and improved market structure. A key technical development has added weight to the bullish case: the altcoin market has once again pushed above a key daily moving average, a level that historically marks the transition from downtrends to sustained uptrends.

Altcoins Reclaim 200-Day Moving Average

According to top analyst On-Chain Mind, the technical landscape is beginning to shift in favor of altcoins. In a recent chart shared on X, he highlighted that the altcoin market has once again broken above its 200-day moving average, a level that historically separates bearish phases from sustained uptrends. However, On-Chain Mind cautioned that this development has occurred multiple times during this market cycle, often followed by weeks of sideways chop and volatility rather than immediate upside.

But wait, there’s more! The Total Crypto Market Cap excluding Bitcoin (TOTAL2) has rallied to $1.42 trillion, posting a +9.68% weekly gain and reaching its highest level since March 2025. This powerful move confirms a breakout above the 50-week, 100-week, and 200-week moving averages, signaling broad-based strength across the altcoin market.

Ethereum’s breakout above $3,450 has been a key driver, supported by renewed retail activity and bullish sentiment. If TOTAL2 holds above $1.4 trillion, the next resistance target is the $1.6 trillion level, last tested earlier this year. A sustained move toward that range could confirm the beginning of a long-awaited altseason.

So, dear reader, will the altcoins continue their triumphant march? Only time will tell. But one thing is for sure: the crypto market is alive with excitement, and the bulls are charging! 🐂🚀

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2025-07-17 19:28