According to Cas Abbé, the Altcoin Market Capitalization (MCap) chart remains promising despite experiencing a major drawdown, which is atypical for the post-halving Q1. The 20-day Simple Moving Average (20SMA) continues to hold firm, historically serving as a bullish support line in previous cycles. This suggests potential optimism for traders as long as this key technical indicator remains intact. Traders should monitor this level closely in the coming days for further market direction insights. Source: Cas Abbé on Twitter.

According to Cas Abbé, the altcoin market capitalization follows a recurring cycle of accumulation, breakout, consolidation, and a parabolic run. The accumulation and breakout phases have already occurred, and the market is currently in the consolidation phase. Traders should be aware that a parabolic run is anticipated to follow this phase, as indicated by historical patterns (Source: Cas Abbé on Twitter).

According to Cas Abbé, the Altcoin Market Cap has recently executed a perfect 1-day retest of a crucial trendline, mirroring a similar event from November 2024 that triggered a mini Altseason. Traders are advised to monitor this development closely, as historical patterns suggest potential bullish movements. However, it is important to note that past performance does not guarantee future results. (Source: Cas Abbé on Twitter)

According to Cas Abbé, the Altcoin market cap has retested its 2021 highs and has been consolidating for nearly two months. Despite bullish events such as Trump's cryptocurrency purchases and the approval of Altcoin ETFs, these have not yet been reflected in the market. The upcoming FOMC meeting is expected to have a bullish tone from Powell, which could potentially trigger a reversal in Altcoin prices within 8-10 days.