Some notable moves this week across larger altcoins outside the top 10:

Toncoin (TON) +104% Zcash (ZEC) +63% Internet Computer (ICP) +25% Bittensor (TAO) +24% Ondo (ONDO) +23%

What makes this interesting is how it lines up with the broader OTHERS chart (total altcoin market cap excluding the top 10).

For much of the last ~18 months, the structure resembled a potential head-and-shoulders pattern:

Left shoulder around early 2024 Head during the late-2024 expansion phase Right shoulder forming through 2025

Earlier this year, price moved below the neckline, which many interpreted as confirmation of a larger bearish continuation.

Recently though, OTHERS moved back above that neckline area and is now approaching the ~$195B region after previously trading closer to ~$170B.

If this breakout holds, it could suggest the earlier breakdown was a failed move rather than the start of a prolonged altcoin collapse.

Historically, failed breakdowns can sometimes lead to sharp reversals as positioning shifts and short exposure gets unwound.

Interesting part is that several of the strongest recent moves have come from projects outside the top 10, which may indicate broader risk appetite returning to parts of the alt market.

Curious how others are reading this setup:

Is this the start of a broader alt rotation? Or just another short-term relief rally within a larger downtrend?

submitted by /u/Ourcrypto_news [link] [comments]

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