Analysts Target $1.3 Trillion Cap

Altcoin Market Insights

The breakout was confirmed with robust buying pressure, evidenced by a significant daily green candle above the patterns resistance line. Continued buying could drive broader market momentum, benefiting a range of altcoins.

This comeback rally follows a period of uncertainty in the crypto market in the initial weeks of 2025, during which altcoin prices tanked. However, the current price action suggests that altcoins may soon regain their dominance.

Notably, the total market capitalization for altcoins currently stands at $1.05 trillion. A decisive breakout above the pennants resistance line indicates renewed investor confidence.

Trumps Inauguration: A Bullish Catalyst for Altcoins？

Adding to the bullish sentiment is a recent chart shared by another analyst, Crypto Rover, sparking discussions about a potential “altcoin season” in January 2025.

Read also: 2025 Crypto Outlook: Banks and Trump Policies Drive New Innovations

The chart compares the current market conditions to the 2021 cycle, highlighting a similar consolidation pattern near the previous cycles all-time high (ATH). In 2021, the crypto market, valued at around $810 billion at the time, experienced a sharp breakout after the presidential inauguration, ultimately leading to a new ATH.

The analysis suggests that, just as the 2021 rally paved the way for a booming altcoin season, Donald Trumps inauguration in less than a week might trigger significant gains for altcoins once Bitcoin stabilizes or peaks.