- TOTAL3 breaks out of 3-year inverse head and shoulders.
- Chart patterns resemble the 2021 bull run.
- Signals a potential altcoin market surge.
In a major development for the crypto market, the TOTAL3 chart — which tracks the market cap of all cryptocurrencies excluding Bitcoin and Ethereum — has broken out of a massive inverse head and shoulders pattern. What makes this move significant is that the pattern took nearly three years to form and resembles the structure seen just before the explosive altcoin rally of 2021.
This technical breakout is fueling optimism among crypto traders and analysts who believe that a new altcoin season may be underway.
TOTAL3 Breakout: Why It Matters
The inverse head and shoulders is a classic bullish reversal pattern, and when it appears on a macro chart like TOTAL3, it’s often seen as a strong signal. This chart reflects the broader altcoin market, and the breakout suggests renewed investor interest and momentum flowing back into altcoins.
The breakout level confirms that sellers are losing control while buyers are stepping in with confidence. This pattern’s completion aligns closely with the conditions that led to the 2021 bull market, where altcoins saw massive gains across the board.
Is This 2021 All Over Again?
The similarities to 2021 are indeed striking. Back then, a breakout from a similar structure led to an explosive altcoin rally that saw coins like Solana, Avalanche, and Cardano reach new all-time highs.
With the macroeconomic environment stabilizing and crypto sentiment improving, history may be repeating itself. However, while technical patterns are a helpful tool, they’re not guarantees. Investors should still exercise caution and conduct their own research.
But one thing is clear — the TOTAL3 breakout has reignited bullish hopes across the altcoin space.
Read Also :
- Pakistan PM Backs Crypto and AI as Future Tools
- CZ Meets King of Bhutan, Talks Crypto in Himalayas
- Aster Swings Wildly, Bittensor Price Drop Tests $283, While BlockDAG Awakening Testnet Sets New Standard for Users
- Banks Oppose Stablecoin Rewards, Says Coinbase CEO
- $435M in Crypto Positions Liquidated in 24 Hours
