Altcoin Market Surges 25% After Breaking $1.23 Trillion Resistance

The altcoin market has recently broken through a key resistance level, setting the stage for a potential 25% upside as technical indicators suggest a reversal. After consolidating for over three months within a range of $1.15 trillion to $1.23 trillion, the market cap of altcoins, excluding Bitcoin, has surged past the $1.23 trillion resistance level. This breakout is accompanied by a strong bullish trend and rising volume, indicating a shift in market structure and momentum.

On the weekly chart, an inverse head and shoulders pattern has formed, confirming the trend reversal. This pattern, which includes three distinct troughs and a neckline at $1.22 trillion, has been tested repeatedly before finally breaking. The strong bullish weekly candle that closed above this line signals a confirmed breakout and trend reversal. The formation of this pattern between February and June 2025 has created a solid base of support, with price targets projected between $1.55 trillion and $1.60 trillion. This range aligns with a previous supply zone that held as resistance earlier in the year.

On the daily timeframe, the market had been in a horizontal consolidation for over 90 days, forming consistently higher lows throughout June. This structure built upward pressure on resistance, leading to a breakout in late June with consecutive bullish daily candles. The volume expanded throughout the move, confirming the momentum behind the price action. After breaking through $1.23 trillion, the altcoin market reclaimed territory lost earlier in the year, with the newly claimed zone potentially serving as fresh support.

The projected move based on the inverse head and shoulders formation indicates a 25% upside from the breakout level. This move would bring the market toward levels last reached during the late 2024 and early 2025 bull run. The current price trades well above the psychological $1 trillion mark, with both the 20-week and 50-week moving averages trending below. The 200-week moving average remains far beneath current price levels, signaling continued long-term strength in the trend. Volume patterns, price structure, and moving averages all support the current momentum, with the altcoin market continuing to recover ground and technical levels pointing toward the $1.5 trillion region.