A closely followed crypto analyst is predicting a historic rally for altcoin markets based on an unprecedented technical setup.

The pseudonymous analyst known as TechDev shares a chart with his 532,000 followers on the social media platform X showing the price action of TOTAL2 – which tracks the total market cap of crypto assets excluding Bitcoin (BTC) and stablecoins – with a Bollinger Band indicator.

Bollinger Bands are a technical analysis tool used to assess price volatility and identify potential breakout or mean-reversion opportunities. When the bands are close together, it suggests that volatility is historically low and the asset is potentially due for a big move.

According to TechDev, the Bollinger Bands are tightly…