Recent data suggests an imminent breakout for the altcoin market. The total market cap, excluding Bitcoin (BTC), has breached the $1.2 trillion mark. This rise is fueled by a powerful upward trendline and RSI nearing 70, indicating bullish momentum. However, seasoned traders caution that sustained volume confirmation and broader market sentiment will be key indicators of this potential breakout. The chart’s upward trajectory, marked by an overshooting of the 50-day moving average, suggests bullish momentum. It is important to note, however, that a recent dip below the trendline followed by a rebound could indicate consolidation before a major move. If macroeconomic conditions remain favorable—low interest rates and regulatory clarity—the altcoin market might see a similar rally as the 2021 bull run.