TOTAL3 Signals Crypto Market Strength with RSI Breakout
TOTAL3 RSI breaks 3-month wedge, retesting key highs from March and November 2024—bullish signs for the altcoin market.
- TOTAL3’s RSI broke out of a 3-month falling wedge.
- March and November 2024 highs have been retested.
- Market indicators suggest the crypto bottom is in.
RSI Breakout Signals Momentum Shift in TOTAL3
The TOTAL3 chart, which tracks the total crypto Market cap excluding Bitcoin and Ethereum, is flashing bullish signals. Its Relative Strength Index (RSI) has broken out of a falling wedge pattern that had been intact for three months. Historically, RSI breakouts precede price action, indicating potential upside for the Altcoin market.
Key Highs Retested: A Strong Foundation
In addition to the RSI breakout, TOTAL3 has successfully retested the highs from March and November 2024. These retests confirm strong support zones, signaling that buyers are stepping in and that market sentiment is turning positive.
The Bottom Is Likely In for Crypto
With technical indicators aligning and price action stabilizing, many analysts believe the bottom for crypto is already in. The overall structure supports a bullish continuation, with TOTAL3 poised to move higher as market momentum builds.
Conclusion
TOTAL3’s RSI breakout and key level retests suggest a bullish trend for altcoins. With market structure improving, many believe crypto is gearing up for a strong rally, reinforcing the view that the worst is behind us.
