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<p>The post <a href="https://coinpedia.org/news/crypto-bull-run-2024-how-altcoins-are-about-to-dominate-the-market/">Crypto Bull Run 2024: Altcoins Break Out of Key Pattern</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The dominance of cryptocurrencies, excluding the top ten cryptocurrencies, currently stands at 9.70%. At the beginning of the year, it was around 13.40%. It touched a peak in late March. But later, things overturned. Since April 1, the dominance has been losing its strength. </p> 
<p>Will the situation remain the same forever, with no hope? No.</p> 
<p>Things are going to change, a latest <a href="https://x.com/el_crypto_prof/status/1827994022645780582?s=46" target="_blank" rel="noreferrer noopener">X post</a> by a crypto analyst assures.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <br><br>With the recent weekly close, Altcoins have successfully broken out of a 9-month falling wedge.<br><br>Things are looking good. <a href="https://t.co/pJ1QXObot8">pic.twitter.com/pJ1QXObot8</a></p>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1827994022645780582?ref_src=twsrc%5Etfw">August 26, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Read on to discover what Moustache’s analysis reveals and why it’s sparking optimism among investors.</p> 
<h2 class="wp-block-heading" id="h-upcoming-altcoin-bull-run-2024-nbsp">Upcoming Altcoin Bull Run 2024&nbsp;</h2> 
<p>Moustache’s latest update reveals that Altcoins have emerged from a 9-month falling wedge pattern. This pattern often signals a reversal in the current trend. After several months of weakness in the Altcoin market, this breakout suggests a potential rise. The analyst expects the market could climb above the 13% mark soon.</p> 
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 <img decoding="async" width="900" height="459" src="https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-454.png" alt="" class="wp-image-342860" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-454.png 900w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-454-300x153.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-454-768x392.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-454-150x77.png 150w" sizes="(max-width: 900px) 100vw, 900px">
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<h2 class="wp-block-heading" id="h-chart-analysis-what-the-data-shows">Chart Analysis: What the Data Shows</h2> 
<p>To support this prediction, Moustache shared a weekly chart displaying the dominance of cryptocurrencies outside the top ten. This chart offers a clear view of recent market trends.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <br><br>With the recent weekly close, Altcoins have successfully broken out of a 9-month falling wedge.<br><br>Things are looking good. <a href="https://t.co/pJ1QXObot8">pic.twitter.com/pJ1QXObot8</a></p>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1827994022645780582?ref_src=twsrc%5Etfw">August 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The daily chart of the total crypto market cap, excluding the top ten, shows recent performance of Altcoins. At the beginning of August 2024, dominance was around 9.57%. On August 5th, it dropped to 9.17%.</p> 
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 <img decoding="async" width="1600" height="900" src="https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453.png" alt="" class="wp-image-342859" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-1536x864.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/08/26180217/image-453-150x84.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, the next day saw a positive shift, with dominance rising to 9.34%. On August 17th, a Doji pattern appeared, which often suggests market indecision.</p> 
<h2 class="wp-block-heading" id="h-what-to-expect-next">What to Expect Next?</h2> 
<p>Following this pattern, dominance increased for seven consecutive days, reaching a peak of 9.88%. Although a red candlestick appeared recently, the overall trend remains favorable. If the current trend continues, an Altcoin Bull Run could be on the way.</p> 
<p>In conclusion, if this positive trend persists, we could see a significant rise in Altcoin dominance, marking the start of a Bull Run for the sector.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/why-was-telegram-ceo-arrested-what-next-for-toncoin-price/" target="_blank" rel="noreferrer noopener">Why was Telegram CEO Arrested? What Next For Toncoin Price?</a></p> 
<p><strong>What are your thoughts on this potential altcoin bull run? Share your predictions.</strong></p>

Crypto Bull Run 2024: Altcoins Break Out of Key Pattern

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