- TOTAL3’s Cup and Handle targets $1.48T–$2.23T if $1.12T neckline breaks, indicating strong mid to long term upside.
- Inverse head and shoulders on 2D chart supports bullish bias, with targets at $1.13T, $1.20T, and $1.35T.
- Failure at resistance could send TOTAL3 to $850B–$900B, delaying continuation but keeping structure intact.
The crypto total market cap excluding Bitcoin and Ethereum, TOTAL3, is shaping a notable bullish structure. On the monthly timeframe, the index has formed a Cup and Handle pattern, often viewed as a continuation setup.
The formation began after the 2021 peak when market value fell sharply, bottoming near $370 billion in late 2022. Since then, gradual recovery across 2023 and 2024 has defined the “cup” body, with recent consolidation below $1.12 trillion establishing the “handle.”
Neckline Levels and Cup Formation
The neckline near $1.12 trillion is the primary resistance zone. Attempts to break above this level have set the potential for the next move. According to analyst CryptoBullet, a successful close beyond the neckline could unlock upside momentum.
Fibonacci extensions identify $1.48 trillion as the initial target, followed by $1.77 trillion in the medium term. The longer horizon projection extends toward $2.23 trillion, aligning with a 2.618 extension zone.
Alternative Structure on Lower Timeframes
Another structure is emerging on the 2 day chart, described by analyst Rose as an inverse head and shoulders pattern. Rose notes the neckline at $1.09 trillion has faced repeated tests, each one weaker than the last.
Target levels following a confirmed break stand at $1.13 trillion, $1.20 trillion, and $1.35 trillion. This shorter term formation aligns with the larger bullish setup, indicating converging technical signals across multiple timeframes.
Support Zones and Market Path Ahead
However, not all scenarios favor immediate upside. A failed breakout above resistance could prompt a retreat toward lower supports near $850 billion to $900 billion. Such a move would delay upward continuation while preserving the broader bullish structure.
Both patterns, the Cup and Handle and the inverse head and shoulders, center on neckline confirmation as the key factor. Whether TOTAL3 clears $1.12 trillion or retreats, these levels define the market’s near term move.
