Altcoins Near Breakout as Crypto Market Builds Decade-Long Momentum

Altcoin market structure built over years signals an imminent breakout as momentum mirrors past explosive crypto rallies.

The $3.91T crypto market cap milestone in late 2024 confirms a strong uptrend, with altcoins gaining over 56% year-on-year.

Elevated RSI levels and deviation zones suggest altcoins may be entering a melt-up phase similar to previous bull cycles.

Altcoins are gearing up for what could be a historic breakout. Recent trends show a solid structure forming over several years. This base now supports a potential surge. The total crypto market cap excluding Bitcoin and stablecoins hit $3.91 trillion in late 2024. That number marked an all-time high in crypto history. While prices have slightly corrected since then, the overall uptrend remains intact.

Analyst Moustache believes the altcoin market is entering another bullish phase. Current levels still reflect strong gains from last year. Altcoin market capitalization has climbed over 56% in the past 12 months. More importantly, the market structure mirrors previous breakout cycles. These patterns signal the start of a possible "melt-up" season across the altcoin sector.

Cycles Repeat but with Higher Highs

The chart data from 2015 to 2025 shows repeating bull and bear cycles. These cycles have always returned stronger. In 2017, altcoins experienced their first major rally. Market cap soared to nearly $961 billion before a steep correction. That fall triggered a prolonged crypto winter lasting through 2019.

Source: Moustache

However, momentum returned in 2020. Institutional interest spiked and pushed market cap higher from $50 billion to record levels. By 2021, the altcoin market reached a peak near $1.8 trillion. This phase once again ended in a deep correction during 2022 and 2023.

Despite the downturn, each low has been higher than the last. The long-term black trendline shows steady upward growth. Moreover, each cycle reflects larger gains than the one before.

Technical Indicators Flash Bullish Signals

The RSI indicator tells a similar story. It shows that momentum remains strong. In 2017 and 2021, high RSI levels signaled major rallies. Today’s RSI readings are once again elevated. This suggests that another big move could be on the way.

Additionally, deviation zones on the chart show where prices often break away from the long-term trend. These areas usually precede sharp rallies or corrections. Currently, altcoins hover near such a deviation point.

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