alt season "sell zone" may be coming! Analyst: Bear Market trap is about to end, momentum is rising, layout early

Gate News, Cryptocurrency analyst Merlijn The Trader stated that the Altcoin Bear Market trap is officially over, marking the beginning of a potential Altcoin bull run. He compared it to historical markets, pointing out a similar breakout structure in 2017, with momentum patterns echoing the strong Bull Market of 2021.

The breakout signal reminds people of the past Bull Market

In a chart shared on social media, Merlijn focused on the trend of 'AltCoin market value', pointing out three different breakout stages, each of which would lead to exponential growth. The current pattern (highlighted by the red box and blue arrow) is similar to the early stages of the previous AltCoin frenzy, both of which occurred before significant price increases in the Cryptocurrency space.

(Source: Trading View)

He pointed out that the structure of this breakthrough is similar to the structure observed before the AltCoin boom in 2017, while the current price strength is similar to the Bull Market of 2021. He said that the combination of these factors indicates that the market is entering the early stage of parabolic trend.

Encourage layout as early as possible before the momentum rebounds

Merlin's message is clear: the window into the Altcoin season has opened. He warns that those waiting for further confirmation may miss out on the biggest moves, emphasizing, "Join the Altcoin season now... or you will be left behind."

With the total market value of AltCoins exceeding $3.2 trillion and a daily increase of 4.68%, the technical and psychological setup seems to be ready for a strong expansion phase - historically, this phase usually occurs after the completion of the Bear Market trap.

Analysts and investors are currently closely watching whether this breakthrough will turn into an AltCoinBull Market as before.