Altcoins are breaking out, but why isn’t anyone calling it an altseason yet?

Altcoins have been stuck in the mud for what feels like forever. However, are things about to change in the near term?

Altcoins have waited two years for THIS!

The combined market cap of every coin outside the top 10 just broke above a trendline it’s been trapped under since late 2024.

And, it’s not been a small move either. In fact, the same is up over 10% this week, starting at about $199 billion to close near $220 billion.

Here, it’s worth noting that all this is happening on a support zone that’s held for about 1,000 days straight.

The timing is interesting too because crypto analyst AshCrypto mentioned on X that the four-year cycle usually treats 2026 as a bear phase. To its credit, Bitcoin’s holding up too, despite the failed Clarity Act vote and the Fed hiking rates.

The altcoins’ all-time high near $451 billion is still a long way off. No one’s calling it altseason yet.

On the other hand…

That’s not all either as at press time, Bitcoin dominance seemed to be forming what looks like a bearish descending triangle on the weekly charts.

If that breaks down, capital might just rotate out of Bitcoin and into everything else. Especially altcoins.

That might even be convenient timing because it would coincide with the breakout alts just noted.