- The altcoin market forms higher highs/lows, confirming a bullish trend with a key target of $1.977T if support holds.
- A Golden Cross signals a strong uptrend, mirroring past bull cycles, reinforcing market expansion potential.
- Temporary pullbacks suggest consolidation before another major move, with moving averages supporting continued bullish momentum.
The altcoin market is preparing for another major upswing. Javon Marks’ analysis of $TOTAL3 reveals a bullish structure forming after a crucial resistance test. The market capitalization of altcoins fell steeply towards the end of 2021 and 2022. But then there was a reversal in early 2023, and this led to a steady uptrend. Now, with a successful breakout from a falling wedge pattern, the market is consolidating for its next move.
Market Structure and Key Levels
The altcoin market has been forming higher highs and higher lows. This pattern confirms a bullish trend. After the initial breakout from the wedge, a key resistance level at $1.048T came into play. The market reached this level before experiencing a brief pullback. However, this decline appears to be a temporary correction rather than a trend reversal. If prices hold above critical support, a further rally is likely.
Moreover, a long-term target of $1.977T remains in sight. This level aligns with previous resistance zones, reinforcing its importance. If bullish momentum continues, altcoins could experience exponential growth. Additionally, liquidity levels and macroeconomic conditions will play a key role in determining the pace of this rise.
Golden Cross and Market Expansion
Similarly, Mister Crypto highlights a broader crypto market trend, pointing to another bullish cycle. The total cryptocurrency market capitalization follows historical patterns. The 2018 peak became a key resistance level before breaking in 2021. Likewise, the 2021 peak now serves as support as the market moves higher.
Besides, a “Golden Cross” appeared before the 2021 bull run. A similar crossover has now formed in 2025, signaling another powerful uptrend. Consequently, the market remains on a strong upward trajectory. A recent pullback suggests temporary consolidation before the next major move.
Moreover, moving averages indicate continued bullish momentum. As long as the market stays above critical levels, a further rally remains highly probable. Hence, investors should monitor key support and resistance zones.
