After enduring a prolonged bearish phase characterized by a descending channel\u2014marked by lower highs (LH) and lower lows (LL)\u2014the market appears to be on the verge of a significant shift.<\/p>\n
![\"Altcoins\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/GgnYp-5WwAARPUy-1.png?w=820&resize=820%2C437\")
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In addition, recent activity indicates a breakout from this descending channel, suggesting that bearish momentum may be waning. Importantly, a higher low (HL) has formed around the $330 billion mark, establishing a critical support level, serving as the first indication of a possible bullish shift in the market’s trajectory.<\/p>\n
Currently, the altcoin market is facing resistance at the $375 billion level, where it is consolidating following the breakout. For a full confirmation of a bullish market structure shift, the market must achieve a clear higher high (HH) at approximately $400 billion.\u00a0<\/p>\n
Successfully breaking this level would solidify the reversal and could lead to a rally targeting $600 billion as the next local stop.<\/p>\n
Conversely, if the market experiences a failed breakout\u2014failing to reclaim the $400 billion mark and subsequently reversing\u2014investors should closely monitor key support levels at $330 billion and $317 billion.\u00a0<\/p>\n
A retest of the descending channel breakout could occur, and a breakdown below $317 billion would invalidate the bullish setup, signaling a potential return to the downtrend.<\/p>\n
Can Cardano Continue Its Impressive Price Climb?<\/h2>\n
Over the past week, Cardano has emerged as a standout performer, experiencing a substantial price increase of 31%. This surge has enabled the ninth-largest cryptocurrency by market capitalization to regain the critical $1.11 level.<\/p>\n