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.