In recent weeks, altcoins have begun to gain traction, showcasing a shift in momentum that has many investors buzzing about the potential for an alt season. The Total3 chart, which encapsulates the total market capitalization of all altcoins, excluding Bitcoin and Ethereum, has recently transitioned from a bearish environment to a more bullish outlook. Analysts are paying close attention, as this transition may indicate the onset of a long-awaited rally in altcoins.
Market Analysis: Emerging Bullish Trends in Altcoins
Technical analyst Crypto Sage has conducted an in-depth examination of the TOTAL3 chart, which has recently exhibited signs of a bullish breakout. This shift from a bearish to a bullish setup is being scrutinized for its implications on the future performance of the altcoin market.
Historically, the TOTAL3 chart displayed a recognizable Double Bottom pattern, which often serves as a bullish reversal indicator. This was marked by two distinct price lows that suggested a robust support level, paving the way for an upward trend.
Following the completion of this pattern, the market confirmed the potential upward phase by reaching the anticipated price target in the bullish direction. This target, which is clearly marked on the chart, reflects the successful execution of the Double Bottom pattern.
After this positive movement, Crypto Sage’s analysis points to a consolidation phase, leading to the formation of an Ascending Triangle. The critical resistance level for this pattern is positioned approximately at the $950 billion mark, representing a significant milestone for bullish momentum.
A confirmed breakout above this resistance level would provide substantial validation for the Ascending Triangle pattern and could trigger a bullish rally for the entire altcoin market. Analysts project that a successful breakout could target a market cap of around $1.35 trillion.
Currently, the TOTAL3 chart is forming its upper resistance point, representing a critical phase in the formation of the Ascending Triangle pattern. As traders anticipate confirmation, the emergence of this bullish setup following a bearish trend signifies a pivotal moment in market dynamics. If a breakout occurs with solid trading volume, we could see a significant surge in altcoin prices.
Altcoin Trends: Predictions for 2025
Further analysis by Crypto Sage has highlighted a potential correlation between past altcoin seasons and the current market climate. The strategy focuses on the TOTAL2 index, which tracks the overall market capitalization of altcoins.
Recent comparative charts from 2023 to early 2024 reveal a pattern of robust upward momentum, followed by a consolidation phase reminiscent of today’s market conditions. Notably, early 2024 witnessed a breakout from a descending channel that subsequently led to an altcoin surge.
Interestingly, the ongoing 2025 chart displays a similar descending channel, leading Crypto Sage to project a potential altcoin season upon breaking free from the consolidation pattern. Investors are eager to see how this trend unfolds in the coming weeks.
