Altcoin Market Echoes 2020 Pattern, $200B Support Holds Firm

The altcoin market is displaying a familiar technical pattern reminiscent of the 2020 surge. A head-and-shoulders pattern emerges near $200B support, prompting analysts to watch for potential rally after recent liquidations. This structure echoes previous market movements that preceded significant gains in alternative assets. 2020’s similar setup with a false floor from massive liquidations set the stage for a substantial altcoin price jump.