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Crypto Prune > Market > Altcoins are forming a “cup of destruction”
Market

Altcoins are forming a “cup of destruction”

5 hours ago 3 Min Read

The market capitalization of altcoins has established a technical pattern known as . cup and handle (cup with handle), usually interpreted as a prelude to upward movement.

This approach is based on the evolution of altcoin market capitalization over a five-year period. This clearly reflects a recognized technological pattern.

The graph below shows the total amount and technical composition of altcoins excluding Bitcoin and Ether.cup and handle«.

We can see that the “cup” or “cup” extends from the previous cycle’s high of $1.15 trillion to the bear market low of $295 billion at the end of 2022. This is until it rises again and regains its previous territory in 2025.

The “handle” corresponds to the consolidation phase developed this year, recording horizontal movements between $900 billion and $1 trillion. Continuation of this pattern is usually bullish.

A “cup of destruction” is forming in altcoins

This reading suggests that the market would have validated the relevant technical zone during the decline. Meanwhile, a gradual return to purchasing impulses begins to be observed.

According to an analysis shared by an operator identified as Merlijn The Trader. Altcoins are forming what he calls a “disruption cup”. In his opinion, bullish momentum is “quietly returning”.

“If this breaks down, we’re going to see a parabola. Ignore the noise. This is the calm before the turmoil. The bullish type,” the trader said.

As defined by CriptoNoticias, a “cup and handle” is a trend continuation pattern, identified by a U-shaped correction that forms an image of a cup. And immediately after that another small movement forms the handle. It is suggested that after the handle break, “price will move more towards the trend, at least at cup heights.”

See also  Two bullish drivers have arrived at Dogecoin

This scenario Depends on macroeconomic conditions They tend to favor alternative or so-called “risk” assets, such as Bitcoin and altcoins in general. These include accommodative monetary policy and increased investor appetite. Without this context, technical numbers may lose their validity and the integration phase may be prolonged.

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