According to Cas Abbé, the Altcoin Market Cap has recently executed a perfect 1-day retest of a crucial trendline, mirroring a similar event from November 2024 that triggered a mini Altseason. Traders are advised to monitor this development closely, as historical patterns suggest potential bullish movements. However, it is important to note that past performance does not guarantee future results. (Source: Cas Abbé on Twitter)

According to Cas Abbé, the Altcoin market cap has retested its 2021 highs and has been consolidating for nearly two months. Despite bullish events such as Trump's cryptocurrency purchases and the approval of Altcoin ETFs, these have not yet been reflected in the market. The upcoming FOMC meeting is expected to have a bullish tone from Powell, which could potentially trigger a reversal in Altcoin prices within 8-10 days.