Unveiling the Momentum in Altcoin Markets
With a fresh surge in momentum, altcoins are drawing significant attention as the Total3 chart—which represents the cumulative market capitalization of all altcoins excluding Bitcoin and Ethereum—signals a promising shift. A recent analysis suggests that this breakout could be indicating the dawn of a new altcoin season, potentially marking the early stages of a much-anticipated market rally.
Understanding the Bullish Signals in Altcoin Charts
According to a technical analysis by the renowned crypto market specialist, Trader Tardigrade, the TOTAL3 chart has transitioned into a bullish structure. This shift could be pivotal, hinting at the onset of an altcoin season. The analyst has been closely observing the chart’s movements, which have shifted from a bearish outlook to an exciting potential for growth.
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The TOTAL3 chart initially completed a classic Double Top pattern, typically a bearish indicator characterized by two peaks that failed to break higher, leading to a significant downturn. This breakdown confirmed a bearish phase, hitting its anticipated downside target. However, the narrative is evolving as the market begins to consolidate, forming what appears to be an Inverse Head and Shoulders pattern. The neckline, identified around the $920 billion mark, is the critical resistance level.
A break above this neckline would validate the pattern, ushering in a robust bullish phase for altcoins. Trader Tardigrade’s projections suggest a target of approximately $1.29 trillion if this breakout is achieved. Currently, the TOTAL3 chart is in the process of forming the right shoulder—an important stage in the pattern’s development. A breakout with substantial volume and momentum could be the catalyst for a vigorous altcoin season.
Potential Altcoin Season in 2025: A Reflection of 2024 Trends
Trader Tardigrade’s subsequent analysis offers a comparative look at the TOTAL2 index, which tracks the aggregate market cap of all altcoins. This comparison predicts that an altcoin season might commence in the upcoming weeks.
The analysis juxtaposes market behavior from late 2023 to early 2024 against the current trends from April to June 2025. Both periods exhibit an initial significant upward movement followed by consolidation within a descending channel. In 2024, breaking out of this channel resulted in a substantial altcoin rally. The current 2025 chart seemingly mirrors this pattern, suggesting a potential altcoin boom post-consolidation.
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