TOTAL3 broke out of a 7-month descending wedge in June 2025, surpassing $900B in market cap.
The breakout follows a rounded bottom retest of a long-term ascending trendline established since 2020.
A four-year cup and handle pattern completed in June 2025 projects a potential move toward $2.4 trillion.
After months of consolidation, the altcoin market cap, excluding Bitcoin and Ethereum, has broken critical resistance. This structural breakout occurred in June 2025 and ended a prolonged dip that started in late 2024. The move, driven by uniform volume growth, has shifted TOTAL3 above $900 billion for the first time in months. The development aligns with recurring chart patterns observed since 2023, where similar breakouts led to broad altcoin rallies.
Support Rebound Initiated in 2023
According to the analysis formulated by Moustache, it is notable that in September 2023, the TOTAL3 market found support along a long-term ascending trendline. The bounce commenced a strong rally that carried into early 2024. During this phase, the price broke above a descending resistance line, which confirmed a market setback. The upward move revved into Q1 2024, with TOTAL3 rising from $400 billion to nearly $1.3 trillion by April.
Source: Moustache (X)
The rally paused in mid-2024 as the market entered a correction phase. During this period, TOTAL3 formed a descending wedge. This wedge continued through the second half of 2024 and into early 2025. By May 2025, the price retested the same ascending trendline that had held in previous cycles. The retest formed a rounded bottom, which completed near the end of May 2025. In June 2025, TOTAL3 broke out of the seven-month descending wedge with sharp momentum and increased trading volume.
The market climbed above key horizontal and diagonal resistance levels, signaling trend continuation. This move placed TOTAL3 firmly above $900 billion and above the wedge and long-term support trendline. Historical patterns from late 2023 and late 2024 showed similar breakouts. Each followed a retest of the ascending trendline and was followed by a broad market rally. Current price movement in mid-2025 aligns with those prior breakout conditions.
Cup and Handle Pattern Completes After Four Years
In another formation, the MoonShow founder Carl Moon hints that the market has built a textbook cup and handle pattern. The cup formed followed by a handle that developed as a falling wedge. This handle took shape through late 2024 and early 2025.
Source: Carl Moon (X)
By June 2025, the handle broke out, completing the pattern. The breakout occurred with volume and moved the price past the $1.0 trillion resistance. The measured projection from this pattern shows a potential move toward $2.4 trillion in total market cap. TOTAL3 maintains a long-term ascending trendline that has supported the price since 2020. Each breakout occurred after retests of this structure. Current breakout patterns, volume, and structure confirm a continuation phase in the altcoin market.
