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Altcoin Market Cap Roundtrips Nearly 900 Days of Gains, Analyst Points to Late-2023 Support Zone

Market Analysis Price Volatility

2026-06-29 16:13:03

Crypto analyst Michaël van de Poppe noted that altcoin market capitalization has essentially roundtripped nearly 900 days of gains, with the total altcoin market cap returning to a breakout area from late 2023. According to the chart, the altcoin market failed to sustain its previous high and retreated to this key level, meaning the broader altcoin complex has spent almost three years without making meaningful progress on a capitalization basis. Poppe highlighted that while this setup represents a painful reset for long-term holders, major support zones can also become accumulation areas if buyers step in at those levels.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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