1. Market Overview and Context

  • TOTAL2 represents the total market capitalization of altcoins (excluding Bitcoin), and is an important indicator for assessing the health and trend of the altcoin market.

  • According to recent posts on X, TOTAL2 is showing positive signals, with some KOLs stating that the altcoin market is still in a bullish trend and has the potential for a breakout in the near future.

  • Data from TradingView indicates that TOTAL2 is trading within a long-term ascending channel and has technical signals suggesting continued growth, especially if key support levels are maintained.

2. Trend Analysis

Long Term (Weekly/Monthly):

  • TOTAL2 is currently in an ascending channel since 2023, with higher highs and higher lows. This indicates that the long-term bullish trend remains intact.

  • According to Elliott wave analysis from TradingView, TOTAL2 may be in the early stages of Wave (5) – the final bullish wave in the growth cycle. If this scenario is correct, TOTAL2 could reach 6-6.5 trillion USD in the long term (in the next 1-2 years).

  • Some KOLs on X, such as @el_crypto_prof, indicate that TOTAL2 has maintained the 20-month moving average (MA20) during previous bull cycles and is currently doing so, reinforcing bullish prospects.

Medium Term (Daily/Weekly):

  • TOTAL2 recently tested the 100 EMA (weekly) and a trendline extending 1.5 years, showing signs of recovery after a correction phase (Q1 2025).

  • However, some analyses note that TOTAL2 is facing strong resistance in the 1.3-1.5 trillion USD zone, and breaking through this zone will be a confirming signal for a strong bullish wave (altseason).

Short Term (Daily):

  • TOTAL2 is currently fluctuating around 1.07 trillion USD (according to data from TradingView). The price has tested the support zone of 900 billion - 1 trillion USD and shows signs of bouncing back, indicating strong buying pressure at this level.

  • However, some analyses warn that if TOTAL2 breaks below the 900 billion USD support zone, the price could decline further to 720 billion USD.

3. Support and Resistance

Main Support:

  • 900 billion - 1 trillion USD: Strong support zone, tested multiple times in 2024-2025. This is also a confluence area with the 21-month moving average (SMA) and long-term uptrend line.

  • 720 billion USD: Next support if the price breaks below the 900 billion USD zone. This is an important demand zone historically.

Main Resistance:

  • 1.3-1.5 trillion USD: Strong resistance zone, where TOTAL2 has been rejected multiple times in the past. A breakout above this zone could trigger altseason.

  • 2 trillion USD: Medium-term resistance level, predicted by many KOLs as a target if altseason occurs.

  • 6-6.5 trillion USD: Long-term target if Wave (5) is confirmed.

4. Technical Indicators

RSI (Relative Strength Index):

  • On the weekly timeframe, TOTAL2’s RSI shows bullish divergence, with the price making lower lows but RSI making higher lows. This is a positive signal, indicating that bearish momentum is weakening.

  • On the monthly frame (3M), RSI and OBV (On-Balance Volume) also show bullish divergence, reinforcing the potential for new all-time highs.

  • However, the current RSI on the daily frame is below 50, indicating that short-term momentum still leans bearish.

Moving Averages (MA/EMA):

  • TOTAL2 is trading below the 200 EMA (daily), indicating a somewhat weak short-term trend. However, the price remains above the 200 MA (weekly), confirming the long-term bullish trend.

  • The price holding above the MA20 (monthly) is a positive signal, as seen in previous bull cycles.

Volume:

  • Recent trading volume shows an increase as the price tests the 900 billion USD support zone, indicating strong buying pressure. However, to break through the 1.3-1.5 trillion USD resistance zone, TOTAL2 needs a significant increase in volume.

Chart Patterns:

  • Some analyses suggest TOTAL2 is forming a head and shoulders pattern on the weekly frame, but it needs to retest RSI around the 50 level to confirm. If this pattern completes, the price could rise sharply.

  • Additionally, there are signs of a cup and handle pattern on the long-term frame, with a potential target of 2 trillion USD if the breakout is successful.

5. Prediction and Scenario

  • Probability:

    • Bullish: 60% (based on bullish divergence signals, strong support, and positive sentiment from KOLs).

    • Bearish: 40% (due to risks from strong resistance and short-term volatility).

6. Action Proposal

  • Short Term:

    • Monitor the support zone of 900 billion - 1 trillion USD. If the price bounces back with increasing volume, consider accumulating high-quality altcoins (ETH, SOL, BNB).

    • Wait for a breakout confirmation above 1.3 trillion USD before heavily participating in altcoins, as this is a crucial resistance zone.

  • Risk Management:

    • Set a stop-loss below 900 billion USD to protect capital in case of support breakdown.

    • Do not go all-in on altcoins due to high volatility. Allocate capital reasonably (e.g., 60% stablecoins, 30% altcoins, 10% cash).

7. Conclusion

TOTAL2 is currently at a critical stage, with technical signals indicating both growth opportunities and adjustment risks. The long-term trend remains bullish, supported by the ascending channel, bullish divergence, and positive community sentiment. However, in the short term, TOTAL2 needs to overcome resistance at 1.3-1.5 trillion USD to confirm altseason. Investors should closely monitor trading volume, RSI, and macro news for timely decisions.

If you want me to analyze a specific timeframe (e.g., 4H, 1D) or a specific indicator (e.g., MACD, Fibonacci), let me know! You can also request sample charts or a list of potential altcoins based on TOTAL2.