Key Technical Pattern Hints at Surge Toward $2 Trillion if Momentum Holds
The altcoin market is showing strong bullish signals as the monthly MACD forms a
crossover, a setup that closely mirrors the pre-rally phase seen during the
2018–2021 cycle. Analyst El Crypto Prof notes that the TOTAL2 chart
(altcoin market cap excluding Bitcoin) is displaying a rounded bottom pattern
with two significant lows, followed by repeated resistance tests — a structure
that historically preceded explosive rallies.
ack in 2020, a similar breakout from $430 billion triggered a surge above $1.5 trillion, peaking near $1.7 trillion before cooling off. Today, the market is
consolidating just under the $1.57 trillion resistance. If momentum
continues, a push toward $1.9–$2.1 trillion could be on the cards.
Technical indicators are reinforcing this bullish view. The MACD line has moved above the signal line with the histogram turning green — a sign of increasing
buying pressure. The RSI sits at 63.23, well above its moving average of
57.72, showing strong but not overextended momentum.
The market rebounded sharply from its February–April 2025 drop, which saw the cap fall from $1.55 trillion to $1.07 trillion. By late June, prices recovered to $1.55
trillion, and after a brief July pullback, they remain stable above the $1.50
trillion support.
If the daily trend holds above this level, targets between $1.60–$1.65 trillion look
achievable in the near term. However, failure to break $1.55 trillion could
lead to a short-term dip toward $1.45 trillion before the next upward leg.
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