- Altcoins surged past $1 trillion, breaking months of consolidation, with analysts eyeing a bullish cycle fueled by strong momentum.
- TOTAL3 market cap nears $1.09 trillion as technical patterns signal a decisive breakout that could drive altcoins toward record highs.
- Analysts highlight a cup-and-handle breakout and strong buying pressure, showing altcoins transitioning from recovery to bullish expansion.
Altcoins surged past the $1 trillion mark this week, sparking optimism among traders and analysts. The move follows months of consolidation below major resistance levels.
According to analyst Jelle on X, โAltcoins broke out, retested the previous cycle highs โ and bounced. This is looking very, very promising.โ The broader altcoin market capitalization, measured by TOTAL3, now trades around $1.02 trillion after rebounding from $897 billion.
In addition, this achievement marks the conclusion of a significant cup-and-handle pattern that has developed since the late 2021 peak of around $1.2 trillion. As a result, it currently seems that the recovery from the 2022 catastrophe, which destroyed about 80% of value, has entered a bullish cycle.
Moreover, the consolidation between mid-2024 and early 2025 created a handle structure, suggesting accumulation below resistance before the breakout.
Technical Signals Confirm Recovery
Additionally, the chart shows a curved support line guiding the recovery since mid-2023. Multiple breakout points along this trend confirm steady upward momentum. Candlestick patterns also show increased buying pressure, with long wicks emphasizing volatile times. As a result, the break above $1 trillion now serves as a psychological turning point, paving the way for the highs of 2021.
However, analyst ๐๐ ๐ฆ๐ค๐ฅ๐๐โ๐ stressed caution at current levels. He noted, โYou know what happens when TOTAL3 reclaims the blue trendline, don’t you? If that happens, we’ve seen a strong fakeout over the last few days and Altcoins will continue their journey to new ATHs.โ His chart shows the market pressing against $1.09 trillion resistance, with both descending and ascending trendlines converging.
A Decisive Moment Near Resistance
At present, TOTAL3 trades near $1.09 trillion after a sharp rally from $520 billion in early 2024. The first breakout in November 2024 fueled momentum, but the market has since tested resistance repeatedly.ย
Hence, the convergence of the descending resistance line and the horizontal ceiling creates a decisive setup. A breakout above both would signal continuation toward new all-time highs.
Altcoins face a crucial test near $1.09 trillion. A confirmed breakout may trigger the next major rally cycle toward record highs.
