🔥Altcoin Dominance Analysis – TOTAL2 Index – Weekly Frame.
📊 Technical Insight:
We are witnessing a historical pattern that has been repeating itself with amazing accuracy since 2018, as we observe:
• Consolidation zones (yellow boxes) forming at rising lows connected by a major rising trend line.
• Each consolidation wave was followed by a massive price explosion of nearly 50% in the altcoin market capitalization.
• Currently, we are in a new consolidation phase, very similar to what happened previously in 2020 and 2018.
• The TOTAL2 index is close to breaking through the positive technical pattern and launching towards the upper resistance of the ascending channel, which could propel the market to huge leaps.
🧠 Conclusion:
The historical scenario is repeating itself. Any positive breakout from this current area could be the beginning of a new explosive wave for altcoins, with the market capitalization potentially reaching $10 trillion.
📌 Important Note:
• The market is currently in a critical moment, so please manage your risks carefully.
• This analysis is technical and not a direct buy recommendation. Invest wisely.
