According to Cas Abbé, the total crypto market capitalization has reclaimed the $3 trillion level after a prolonged downtrend and has added $250 billion in just one week, which is a significant bullish indicator for traders (source: @cas_abbe on Twitter, May 10, 2025). In Q4 2024, the crypto market cap broke out of a classic cup and handle pattern, a technical formation often associated with sustained upward momentum. This breakout and recent rapid inflow suggest potential for further price appreciation, aligning with projections of a $4.7 trillion market cap by July 2025. Traders are closely monitoring resistance and support levels, as these technical milestones indicate increased institutional participation and renewed bullish sentiment, with direct implications for Bitcoin, Ethereum, and altcoin trading strategies.

According to @cas_abbe, $NFP is currently exhibiting a classic cup and handle pattern, with the price having surged nearly 30% from its recent bottom. The token is now approaching a crucial resistance level at $0.094. A confirmed breakout above this level could trigger significant upward momentum, making $NFP a key watch for crypto traders seeking high-potential setups. Source: @cas_abbe on Twitter, May 9, 2025.

According to Cas Abbé, buying altcoins now is comparable to purchasing Bitcoin at $50,000, as most altcoins have been in a downtrend since Q1 2024, resembling a bear market. Despite increased network activity, adoption, and daily active users (DAUs), altcoins are reaching new lows. Observations of the Altcoin Market Capitalization chart indicate a potential cup and handle pattern, suggesting a possible bullish breakout.

According to @cas_abbe, $KERNEL is forming a 'cup and handle' pattern, suggesting a potential breakout. With listings on Binance and Coinbase, its chart remains stable. The key highlight is its Total Value Locked (TVL) at $1.53 billion against a Market Capitalization (MCap) of just $43 million, indicating possible undervaluation. This pattern, often a bullish signal, could attract traders looking for undervalued crypto assets.