- Altcoin market cap stabilizes at $618B within a bullish log channel, offering ideal accumulation zones for long-term investors.
- TOTAL3 holds strong above the ascending trendline, signaling healthy structure despite a 30% correction from 2024 highs.
- With a projected rise to $1.2T by 2026, current consolidation and volume spikes suggest growing confidence in altcoin potential.
The altcoin market trades within a logarithmic trend channel, showing long-term bullish structure despite recent pullbacks. Total crypto market cap excluding Bitcoin and stablecoins (TOTAL3) is now hovering around $618 billion. This Is a 30% correction from the late 2024 peak near $880 billion. However, the market is still supported by an ascending trendline, which has held firm since early 2023. Analyst Polaris_XBT, believes the channel’s structure offers a prime opportunity for discounted accumulation.
Besides, the current consolidation phase appears constructive rather than bearish. Altcoin valuations are respecting the trendline, suggesting sustained institutional and retail confidence. Hence, any short-term liquidation events that drag prices into the lower green zone could offer high-reward entry points. These dips are being seen as buying opportunities by seasoned traders.
Clear Trendlines Guide Market Structure
Since 2023, TOTAL3 has maintained its upward trajectory, beginning in the $150 billion region. By late 2023, prices had cleared $250 billion m. Consequently, this breakout confirmed a long-term shift in sentiment toward risk assets like Ethereum and mid-cap altcoins. The market eventually rallied to nearly $400 billion by mid-2024, with consistent support from the trendline.
Source: Polaris
The upper threshold of the channel was in line with the high, which was close to $880 billion in late 2024. Recurring rallies have been limited by this resistance level, demonstrating its dependability as a technical ceiling. The ensuing correction, however, was orderly and held inside the channel until the beginning of 2025.
Mid-Range Consolidation Offers Accumulation Window
Currently, the market is stabilizing between key levels. This range offers an accumulation window for long-term investors. Moreover, the channel’s upper and lower boundaries provide useful guideposts for managing risk and spotting opportunity.
Additionally, volume has surged during major breakouts and corrections, showing that market participation remains strong. This lends further confidence to the sustainability of the current structure. Future projections indicate a possible path toward $1.2 trillion by 2026, assuming the channel’s pattern holds.
