The total altcoin market cap is once again struggling to break above the 2021 all-time high, a level that has now acted as resistance multiple times, according to trader DaanCrypto. Despite Bitcoin’s strong performance this quarter, altcoins remain capped below that crucial threshold.
Daan noted that the market recently found support at the 200-day MA and EMA, following a massive liquidation event that briefly wiped out billions in leveraged positions. "This is a level price needs to hold to regain momentum," he explained, adding that stability here could set the stage for another push toward previous highs.
The Total Altcoin Market Cap has now rejected the same price level on multiple occasions. This is the high that was set at the top in 2021. Regardless of $BTC trading much higher now, alts can't seem to get above that level yet.
Currently price has found support on the Daily… pic.twitter.com/kGzz22qH2p
— Daan Crypto Trades (@DaanCrypto) October 26, 2025
Analyst Outlook: Filtering Phase Before Parabolic Move
Meanwhile, analyst Ash Crypto described the current setup as a "filtering phase" before the next parabolic move, drawing parallels to pre-rally structures seen before the 2017 and 2021 altseasons.
Total Mcap: Market is filtering the panic sellers before the next parabolic phase starts. We have seen this happen before 2017 and 2021 Altseason.
If you look at chart, The Bull trend is intact and we should see parabolic pump in next 4-6 months due to these bullish factors… pic.twitter.com/F8JYu51ktl
— Ash Crypto (@Ashcryptoreal) October 26, 2025
He cited multiple macro tailwinds for a potential breakout within four to six months, including an expanding M2 money supply, possible Fed rate cuts, and the end of quantitative tightening (QT). The analyst also pointed to record-high U.S. stock indexes, a surging gold market nearing $30 trillion, and over 155 pending altcoin ETF filings as key catalysts for renewed crypto strength.
Underlying Bull Trend Intact
"Trust the data, ignore the FUD," Ash emphasized, arguing that the underlying bull trend remains intact. If macro conditions align, analysts believe the next leg up could push total crypto market capitalization toward a new record phase between late 2025 and early 2026.