Altcoins - History Repeats Itself

Back in 2020, altcoins went wild. They pumped hundreds of percent off the bottom, topped out, pulled back, pumped again, then dumped hard one last time before the real altseason kicked in.

Guess what? We are seeing the same thing now. That same double top-like move that fooled a lot of retail into buying the second high.

Altcoins feel dead again, just like they did back then. But if you line up the charts, it is almost the same setup, right down to the -53% drawdown from the second peak to support.

Maybe the title is not fully accurate, history may not repeat itself. But it does rhyme. And I am betting it will this time.