Altcoins are gaining strong momentum as historical price patterns begin to echo past crypto cycles. According to Santiment’s data, several top altcoins are seeing renewed bullish sentiment across social media. Tokens like Ethereum (ETH), Solana (SOL), Ondo (ONDO), Orca (ORCA), and Onyxcoin (XCN) are leading the trend.
Meanwhile, the TOTAL2, which excludes Bitcoin, has re-entered a bullish structure. This data highlights recurring market patterns since 2015 that now seem to be repeating. Consequently, traders are paying close attention to potential breakouts as the altcoin market enters a critical consolidation zone.
The TOTAL2 biweekly data displays strong structural similarities with previous market cycles. Besides, it confirms a third double bottom formation, followed by consistent higher lows. These patterns previously signaled major altcoin rallies. The first occurred in 2016, which led to the 2017 altcoin boom. The second appeared between 2019 and 2020 before the 2021 bull run. Now, the 2022–2023 formation is showing the same signs.
Moreover, price currently holds firm above the $954 billion level. This support line has become a key area of accumulation. Significantly, the candles remain stable above the long-term trendline, reinforcing market strength. The pattern continues to hold, which is historically followed by upward price action.
Besides technical setups, social sentiment around altcoins is heating up. Ethereum faces criticism over its market dominance, yet remains central to investor strategies. Solana’s trading volume and bullish discussions emphasize its growing appeal. Ondo, newly listed on Binance, has triggered widespread interest and bullish speculation. Moreover, Onyxcoin and Orca are seeing sharp spikes in discussions and price actions.
Additionally, investors highlight Bitcoin’s role as a hedge, but their focus is shifting toward altcoins for higher returns. Market cycles support this behavior, as altcoins tend to outperform after Bitcoin stabilizes. Hence, all signs suggest that the altcoin market is approaching another breakout. The TOTAL2 supports this outlook with a consistent and reliable pattern. Altcoins may be entering a new phase of accelerated growth.
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