🔍 #TOTAL3 Market Analysis – May 15, 2025

The altcoin market (excluding Bitcoin and Ethereum), tracked by #TOTAL3, is exhibiting a notable recovery as it breaks out of a long-term downtrend. This signals growing investor confidence in altcoins, especially amid renewed interest in risk-on assets.

🔸 Technical Highlights:

Descending Trendline Breakout

The market recently broke out of a long-standing descending resistance trendline — a strong bullish signal. This breakout suggests that downward pressure has been exhausted and buyers are stepping in.

Fibonacci Retracement Levels (Key Zones)

From the recent swing low ($660B) to the peak ($1.16T), several Fib levels are acting as key markers:

0.382 – $851.96B: Price is currently consolidating just above this zone.

0.5 – $911B: Recently tested and acting as immediate resistance.

0.618 – $970B: Major resistance level to watch; often a decisive area in reversals.

0.786 – $1.05T: Marks the final hurdle before retesting the all-time high zone.

Market Cap Structure

After bottoming out around the $660B–$682B region, #TOTAL3 has surged nearly 40%, showing increasing participation in altcoins. The market is now attempting to reclaim the 0.5 Fib level and turn it into support.

⚙️ Market Outlook

Bullish Case: A sustained move above $911B (0.5 Fib) could accelerate a push toward the $970B resistance. A break above this would confirm a stronger altcoin season.

Bearish Case: Failure to hold above $851B may lead to a retest of the $780B or even $700B support zones.

🧠 Summary

The break above the long-term descending trendline, combined with a healthy climb through key Fibonacci levels, paints a bullish picture for altcoins. However, resistance between $911B and $970B remains critical. Traders and investors should watch for either a continuation above $970B or a consolidation above $850B for confirmation of strength.