2025-05-08 11:04:28 by coinpedia

As Bitcoin inches closer to the $100K mark, attention is now shifting to the altcoin market. Analysts are observing signs of a major altcoin breakout cycle, led by strong moves in Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), NEAR Protocol (NEAR), Kaspa (KAS), and Fantom (FTM) — all showing signs of breaking long-term resistance trends.The $100K level has been a key psychological barrier for months. Now that Bitcoin is soon moving past it, market sentiment is improving fast. As Bitcoin dominance starts to drop, capital is rotating into altcoins, which are showing early signs of breakout formations.Technical Patterns Confirm a Bullish Shift Altcoins are forming reliable breakout patterns like the cup and handle and inverse head and shoulders on higher timeframes. This shows that recent consolidations were accumulation zones and that larger upside may be ahead.Major Altcoins Breaking Long-Term ResistanceTop altcoins such as ETH, DOGE, SOL, NEAR, KAS, Cardano (ADA), and Sonic (S) are all showing significant breakout signals. For example:ETH has broken past key trendlines and is targeting the $3,200 zone.SOL is aiming for the $220–$230 range.DOGE has moved above $0.18, showing fresh momentum.ADA is breaking trendlines and looking to rally.KAS is forming a bull flag, and Sonic just completed a retest and breakout.The message is clear: this could be the beginning of a full-fledged altcoin season. If Bitcoin holds above key levels and market sentiment stays bullish, altcoins may rally 100–250% from current levels — with some possibly retracing 60% of previous bear market losses.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.