TOTAL2, which tracks the total market capitalization of all
cryptocurrencies except Bitcoin, is once again approaching its 2021 peak.This
mirrors the rounded base and consolidation seen in 2016–2017 before the
explosive altcoin season, suggesting a similar setup may be unfolding now.
A third golden cross has just formed in the altcoin market,
where shorter-term moving averages have crossed above longer-term ones.
Historically, each golden cross in this space has preceded aggressive rallies,
reinforcing the bullish thesis.
Momentum indicators and trend strength remain supportive as
TOTAL2 presses its 2021 resistance. Traders are watching for a decisive
breakout above the all-time high to confirm the next major leg up in altcoins.
Key Takeaways:
TOTAL2 is testing its 2021 all-time high, echoing pre-2017 breakout patterns.
The third golden cross signals renewed technical strength and upward momentum.
Market structure is intact, with consolidation giving way to potential vertical
acceleration.A confirmed breakout above resistance could trigger an explosive altcoin
rally.
Stay tuned to see if history repeats itself and propels altcoins into a new cycle of gains.