hi traders
The TOTAL3 chart shows a strong breakout from a falling wedge pattern, followed by a bullish push that has reclaimed key Fibonacci levels. Currently sitting around the $961B mark, the market has cleared the 0.236 and 0.382 retracement levels and is approaching a significant technical milestone.
In the short term, the next major resistance lies at the 0.786 Fibonacci level, which aligns near $1.35 trillion. This is a reasonable first target if the bullish momentum continues and would represent a solid recovery of altcoin market cap from the recent lows.
However, the mid-term projection is even more ambitious. If this rally continues and mirrors previous cycle expansions, we could see TOTAL3 reaching the 1.618 Fibonacci extension level, targeting a $2 trillion market cap. This would indicate a powerful altcoin cycle is underway, with broad market participation beyond Bitcoin and Ethereum.
The technical structure supports this outlook, especially after a long consolidation phase and a breakout above descending resistance. As long as TOTAL3 holds above $850B–$900B, this bullish thesis remains intact.
The TOTAL3 chart shows a strong breakout from a falling wedge pattern, followed by a bullish push that has reclaimed key Fibonacci levels. Currently sitting around the $961B mark, the market has cleared the 0.236 and 0.382 retracement levels and is approaching a significant technical milestone.
In the short term, the next major resistance lies at the 0.786 Fibonacci level, which aligns near $1.35 trillion. This is a reasonable first target if the bullish momentum continues and would represent a solid recovery of altcoin market cap from the recent lows.
However, the mid-term projection is even more ambitious. If this rally continues and mirrors previous cycle expansions, we could see TOTAL3 reaching the 1.618 Fibonacci extension level, targeting a $2 trillion market cap. This would indicate a powerful altcoin cycle is underway, with broad market participation beyond Bitcoin and Ethereum.
The technical structure supports this outlook, especially after a long consolidation phase and a breakout above descending resistance. As long as TOTAL3 holds above $850B–$900B, this bullish thesis remains intact.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.