- Analyst says the monthly TOTAL3/BTC ratio is nearing a breakout that could signal significant altcoin outperformance.
- Michael van de Poppe sees ALGO potentially reaching 0.45-0.60 after a confirmed breakout above key resistance.
- TOTAL3 remains below $850 billion resistance, with $820 billion providing initial support as the market consolidates.
Altcoins could be approaching a major breakout against Bitcoin as CryptoBullet identifies a potential shift in market performance. The analyst says the monthly TOTAL3/BTC ratio is nearing an important breakout, while Michael van de Poppe highlights bullish conditions for Algorand (ALGO). Meanwhile, the broader altcoin market has recovered but continues to consolidate below recent highs.
CryptoBullet Flags a Potential Altcoin Breakout
CryptoBullet said the monthly TOTAL3/BTC ratio is on the verge of an important breakout. The analyst expects altcoins to significantly outperform Bitcoin if the breakout develops.
The TOTAL3/BTC ratio tracks the performance of the cryptocurrency market excluding Bitcoin and Ethereum against Bitcoin. CryptoBullet’s observation focuses on the monthly timeframe, rather than short-term price movements.
Van de Poppe Identifies ALGO’s Breakout Levels
Meanwhile, Michael van de Poppe highlighted Algorand’s potential for an upward breakout after repeatedly testing a crucial resistance zone. He noted that similar resistance tests preceded expansion moves in 2023 and 2024.
Van de Poppe expects a comparable pattern could emerge in 2026. He also pointed to a bullish divergence, which he said indicates a possible market reversal.
According to the analyst, a confirmed breakout could push ALGO toward $0.45 or potentially $0.60. However, these targets depend on the price moving above the resistance zone.
TOTAL3 Consolidates Below the $850B Resistance
The broader altcoin market’s recovery is reflected in the TOTAL3 market capitalization, which currently stands near $834.23 billion. The latest four-hour candle declined $1.06 billion, or 0.13%, while reported volume reached $113.19 billion.
TOTAL3 climbed from around $740 billion in early September to $780 billion before retreating toward $750 billion to $760 billion. The market then accelerated from September 16, breaking above $800 billion and $820 billion.
It reached approximately $845 billion to $850 billion on September 27–28, alongside elevated volume. Since then, TOTAL3 has traded between roughly $820 billion and $845 billion. Resistance remains around $840 billion to $850 billion, while $820 billion serves as initial support.
The RSI is at 53.18, above its 50.34 average and the neutral 50 threshold. Meanwhile, MACD readings of approximately 654.6 million and 322.36 million show improving, but compressed, momentum.
