Altseason Incoming? Breakout Levels for Major Altcoin Rally — Analyst
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- The altcoin market cap (TOTAL3) sits at $568B, eyeing a breakout above $916B.
- Historical patterns from 2020/2021 suggest another parabolic move is imminent.
- Analysts warn that only geopolitical risks could delay the next rally.
The altcoin market, based on the TOTAL3 chart, is nearing a big breakout. After a long period of consolidation, analysts say this phase is almost over.
Looking at the TOTAL3 index, the current setup looks a lot like the price action during the 2020/2021 bull run. This suggests another major rally could be about to happen.
TOTAL3 tracks the market cap of cryptocurrencies, excluding Bitcoin and Ethereum, and serves as a crucial indicator to gauge the market’s interest in altcoins.
#Altcoins
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖
The consolidation phase for TOTAL3 should soon come to an end.
Another leg up is imminent.
2020/2021 is a perfect example. pic.twitter.com/MT24dTf3Af(@el_crypto_prof) March 7, 2025
Key Resistance Levels to Watch
Currently, at $845 billion and If it successfully breaks above the $916 billion resistance and closes a day above $1.08 trillion, it could signal the start of a full-blown alt season. …
The post Altseason Incoming? Breakout Levels for Major Altcoin Rally — Analyst appeared first on Coin Edition.
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