The crypto market cap holds steady at $2.88T after a bullish structure shift, signaling a potential higher low formation ahead. Despite a recent 0.88% dip, the total crypto market cap stays above key fib levels, showing strength after April’s recovery. Sentiment remains bearish, but price structure and volume suggest the market is building a solid base between $2.7T and $3.0T. The total cryptocurrency market cap is showing signs of renewed strength after a major structural shift on the daily timeframe. The market currently sits at $2.88 trillion, down slightly by 0.88% on the day. However, despite the dip, recent price action has turned bullish. A clean break in structure has emerged following April’s recovery. Traders now eye a higher low as the next key development. A purple support zone just below current levels looks promising. If that fails, deeper Fibonacci levels may provide support. Structural Recovery Follows Steep Correction Since November 2024, the crypto market has moved through a well-defined cycle. The trend started near $2.1 trillion and quickly rallied. December brought explosive growth, pushing the market cap above $3.6 trillion, a 71% rise. Mid-December marked the first peak, followed by a minor consolidation. Source: CRG Momentum returned in January 2025, briefly lifting the market near $3.6 trillion again. However, February reversed the trend. A steep March correction dragged the market down 25%, dropping the cap from $3.1 trillion to $2.3 trillion. April marked a turning point. The market formed a rounded bottom near the $2.3 trillion level. Fibonacci retracement zones appeared, showing possible recovery targets. Price eventually rallied near $3 trillion before pulling back slightly. Bulls Watch for Base Before Breakout Current consolidation between $2.7 trillion and $3.0 trillion suggests a new base may be forming. This aligns with broader bullish sentiment despite recent bearish headlines. CRG from MacroCRG notes that sentiment remains near record lows. However, price structure tells a different story. The market now trades above key Fibonacci levels, with volume evenly split between buyers and sellers. This balance hints at an accumulation phase rather than distribution. The purple zone beneath current prices could form the ideal higher low. Moreover, technical traders view dips as opportunities rather than signals of collapse. With a bullish structure in place, a strong move higher seems increasingly likely. Price may need more time to build momentum, but the foundation appears solid.

  • TOTAL3 respected a two-year trendline with its third bounce, triggering confidence in a fresh altcoin wave after long consolidation.

  • This 8-month decline based on 2024 has ended well with clean breakage after an important support line formed on the trendline, proving a big change in market direction.

  • The smart money appeared to be placed on the next section of the altcoin cycle because the rallies occurred when accumulation zones were marked in 2023 to 2025.

TOTAL3, the index tracking altcoins excluding Bitcoin and Ethereum, has broken out of an eight-month downtrend while holding a key two-year trendline. This dual confirmation suggests the altcoin market may be entering a powerful new phase.

Two-Year Trendline Reaffirmed

A chart shared by @el_crypto_prof shows the TOTAL3 index bouncing once again off an ascending trendline that dates back to mid-2023. That line, tested multiple times in October 2023, October 2024, and May 2025, has held strong each time.

https://twitter.com/el_crypto_prof/status/1947337141748474307

This repeated defense by buyers reflects long-term strength. Each bounce has sparked a recovery, with the most recent one coming just before a breakout from a long-standing downtrend. The alignment between support and breakout is rare and notable. It points to growing confidence in altcoins after months of sideways or downward action.

Accumulation Zones Mark Reentry Points

Key areas on the chart—highlighted in yellow and orange—mark where price consolidated before resuming upward momentum. These accumulation zones have played out consistently since 2023.

In each instance, the pattern was the same: price dipped into a support region, held steady, then moved higher. Early 2025 featured a brief breakdown that quickly reversed, forming what some see as a bear trap. Mid-2025 brought another test—and this time, a clean breakout followed.

These phases suggest calculated entries by larger players. Smart money often appears in such zones, and the market’s reaction afterward gives weight to that idea.

Altcoin Market Reclaims $1T

According to GertvanLagen, TOTAL3 has now reclaimed the $1 trillion level. This return above a major psychological mark comes just after the confirmed breakout. While volume wasn't displayed, the sharp upward move suggests strong participation from buyers.

https://twitter.com/GertvanLagen/status/1945785084490948905

The structure forming now is one that often precedes large-scale rallies in altcoins. With the downtrend broken and support intact, many traders view any pullback to $900B–$950B as a reload zone.

The price action, combined with key structural retests, has flipped sentiment. TOTAL3’s move could signal the early stages of an altcoin-driven expansion phase.

Dips, as the tweet noted, are no longer a reason to panic—they’re opportunities.

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