- TOTAL2 is on the verge of reclaiming an 8-year trend line.
- A 2-week candle close could confirm the breakout.
- This signals a potential bullish surge for altcoins.
The altcoin market is showing signs of a massive shift. The TOTAL2 chart, which represents the total crypto market cap excluding Bitcoin, is on the verge of reclaiming an 8-year trend line. This long-standing resistance has held back altcoins for nearly a decade—but that could soon change.
With the two-week (2W) candle set to close within hours, traders and analysts are watching closely. If this candle closes above the trend line, it could confirm a major breakout. This would be a strong technical indicator of a bullish reversal, potentially signaling the start of a new altcoin season.
Why This Matters
This isn’t just another technical level. An 8-year trend line represents a generational resistance point in crypto terms. Breaking above it suggests that the broader altcoin market is entering a new phase of growth, similar to the massive surges seen in previous crypto cycles.
Many in the crypto community believe that sentiment hasn’t caught up with the chart. While Bitcoin has been the focus of attention recently, the altcoin market could be quietly preparing for a huge run. A confirmed breakout could lead to increased investor confidence and capital rotation into smaller-cap coins.
What to Watch Next
While the 2W candle close is crucial, traders will also be watching volume and follow-through in the coming days. A strong bullish follow-up could further validate the breakout and drive more momentum into altcoins.
For now, keep an eye on TOTAL2 and altcoin leaders like Ethereum, Solana, and others. If this trend line is truly broken, the next few months could be explosive for the altcoin space.
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