TOTAL2’s bullish breakout suggests altcoins may rally 25% as traders eye a return to the $1.6T market cap range.
Inverse head and shoulders pattern on TOTAL2 signals momentum shift with volume and trendline support boosting trader confidence
Altcoin traders are turning risk-on as consolidation ends, with rising support and buying interest driving bullish expectations.
Altcoins could be in for a major move, as TOTAL2—an index tracking the total crypto market cap excluding Bitcoin—breaks out of a bullish pattern. According to trader Nebraskangooner, an inverse head and shoulders breakout on the weekly chart signals a 25% upside potential. Currently hovering around $1.28 trillion, TOTAL2 looks ready to retest its previous highs near $1.6 trillion. This setup comes after months of sideways consolidation following a sharp correction earlier in the year.
A Bullish Pattern Forms
TOTAL2 started 2025 with wild price swings, briefly peaking near $1.6 trillion. That early momentum faded fast as the market corrected sharply. Consequently, prices dipped and stabilized near the $1.28 trillion range, where they’ve remained for several weeks.
Besides, traders observed a key technical structure forming—a classic inverse head and shoulders pattern. This setup, often considered a bullish reversal signal, recently completed its breakout. Hence, analysts now anticipate a continued push toward the measured target, which aligns with the previous high.
Moreover, curved support zones beneath current levels hint at growing buying pressure. These supports suggest buyers may step in on dips, helping maintain the structure’s bullish integrity.
Traders Turn Risk-On
Additionally, a long-term trendline acts as rising support, supporting bullish sentiment. This trendline extends from early-year lows. The recent breakout aligns with increased trading activity, shown by volume spikes. This added volume confirms renewed interest in altcoins as TOTAL2 pushes higher.
Crypto analyst Michaël van de Poppe added his take, highlighting the timing for altcoin exposure. He emphasized the importance of being early in bull markets and noted that cases like $OMNI support this strategy. According to him, altcoin volatility is extreme, but so are the potential returns.
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