The crypto market cap holds steady at $2.88T after a bullish structure shift, signaling a potential higher low formation ahead. Despite a recent 0.88% dip, the total crypto market cap stays above key fib levels, showing strength after April’s recovery. Sentiment remains bearish, but price structure and volume suggest the market is building a solid base between $2.7T and $3.0T. The total cryptocurrency market cap is showing signs of renewed strength after a major structural shift on the daily timeframe. The market currently sits at $2.88 trillion, down slightly by 0.88% on the day. However, despite the dip, recent price action has turned bullish. A clean break in structure has emerged following April’s recovery. Traders now eye a higher low as the next key development. A purple support zone just below current levels looks promising. If that fails, deeper Fibonacci levels may provide support. Structural Recovery Follows Steep Correction Since November 2024, the crypto market has moved through a well-defined cycle. The trend started near $2.1 trillion and quickly rallied. December brought explosive growth, pushing the market cap above $3.6 trillion, a 71% rise. Mid-December marked the first peak, followed by a minor consolidation. Source: CRG Momentum returned in January 2025, briefly lifting the market near $3.6 trillion again. However, February reversed the trend. A steep March correction dragged the market down 25%, dropping the cap from $3.1 trillion to $2.3 trillion. April marked a turning point. The market formed a rounded bottom near the $2.3 trillion level. Fibonacci retracement zones appeared, showing possible recovery targets. Price eventually rallied near $3 trillion before pulling back slightly. Bulls Watch for Base Before Breakout Current consolidation between $2.7 trillion and $3.0 trillion suggests a new base may be forming. This aligns with broader bullish sentiment despite recent bearish headlines. CRG from MacroCRG notes that sentiment remains near record lows. However, price structure tells a different story. The market now trades above key Fibonacci levels, with volume evenly split between buyers and sellers. This balance hints at an accumulation phase rather than distribution. The purple zone beneath current prices could form the ideal higher low. Moreover, technical traders view dips as opportunities rather than signals of collapse. With a bullish structure in place, a strong move higher seems increasingly likely. Price may need more time to build momentum, but the foundation appears solid.

  • TOTAL2’s monthly Stoch RSI crossed below 20, a rare pattern previously linked to major altcoin rallies and market cycle bottoms.

  • Price action is squeezed between an 8-year trendline and 2021 resistance, forming a tightly compressed structure rarely seen in recent cycles.

  • Monthly RSI broke a 4-year downtrend, indicating momentum is rebuilding from consolidation and not driven by weakness in the altcoin market.

TOTAL2 is displaying a rare setup that has previously marked historic altcoin rallies. Pressure is mounting, and a breakout appears imminent.

Rare Stochastic RSI Cross Mirrors Past Altseason Signals

According to Crypflow, the monthly Stochastic RSI on TOTAL2 has just crossed below 20—a pattern that has occurred only twice in the last six years. Both previous instances marked the cycle bottoms and preceded massive altcoin market expansions. The indicator’s behavior is uncommon at this phase of the cycle, suggesting that the current market structure may not be a simple retracement.

Unlike past setups, this signal coincides with strong technical compression. Price is now squeezed between a long-standing 8-year trendline and the 2021 resistance level. These dual forces have limited movement for months, building a tightly wound momentum structure. The technical squeeze is a key feature of this pattern and adds to its rarity.

RSI Breakout Adds Strength to the Setup

In the same post, Crypflow notes that the Relative Strength Index (RSI) on the monthly chart has broken a 4-year downtrend. This momentum shift aligns with other long-term indicators resetting. Importantly, the reset appears driven by consolidation rather than selling pressure. This presents a unique structure where long-term strength is being masked by near-term price stability.

Historically, RSI breakouts on monthly charts have signaled the start of sustained altcoin rallies. The current setup resembles those environments but now occurs under compounded resistance levels. This indicates that the strength, while hidden, is potentially building behind long-term resistance zones.

Altseason Setup Gains Support from Historical Price Behavior

The technical landscape described shows a setup that is not only rare but also potent. The last two Stoch RSI crosses triggered altseasons that reshaped the crypto market landscape. Now, a similar structure is emerging, but under increased compression. This adds weight to the idea that momentum is not declining but instead consolidating with force.

As CrypFlow explains, “This isn’t just another bounce.” The multi-year resistance zones and trendline intersections make this formation unusual. Market participants watching $TOTAL2 may now be preparing for a long-awaited move in altcoins.

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