#数字资产市场动态 Seven years of waiting, is a breakthrough imminent? Veteran mainstream coins stand at the end of a triangle

Recently, I reviewed the long-term trends of several veteran mainstream coins and discovered an interesting phenomenon—they actually have remarkably similar trajectories:

First, although the 2021 bull market hit new highs, the problem is—they never surpassed the all-time high of the 2017 rally. This alone is quite telling.

Second, from 2017 to now, a full 7 years have passed. During this period, these coins have been consolidating in long cycles—calm on the surface but with underlying currents.

Looking at the chart, this is the key point. Most have clearly formed converging triangle patterns, becoming narrower and narrower. The pressure and support are getting closer, and once broken, they often lead to significant market moves.

XRP and ZEC are the two most typical examples. They have already reached the tip of the triangle and have recently been attempting an upward breakout. Although they faced resistance near the 2017 high, the current state is—firmly sitting above the 2021 high.

In this situation, what’s next? Will the market gather strength for another round, or slow down here? Worth paying attention to. Once the pattern of these veteran coins confirms a breakout, it often signals that a new phase in the market is beginning.