Altcoin market cap (excluding Ethereum) jumped by $126B in Q2 — sparking serious talk of an incoming altseason.
Analyst Javon Marks compares the TOTAL3 index to U.S. money supply, hinting at a breakout similar to 2017’s legendary rally. He says altcoins bounced from a major retest zone and could now surge dramatically.
Meanwhile, crypto trader Moustache spots a reverse head-and-shoulders pattern on the TOTAL3 weekly chart — a bullish signal that echoes 2021’s epic altcoin run.
But not everyone’s convinced.
CryptoScient warns that TOTAL2 is still below key resistance at $1.25T, and DonaXBT insists Bitcoin dominance needs to drop under 60% before a real altseason begins.
🔸 Altcoin spot volume still lags, hovering under $10B
🔸 Altcoin Season Index sits at 24 — still deep in BTC territory
🔸 Traders eye 30–40 range as a potential ignition point
Early signs or false hope? Are we witnessing the calm before a massive altcoin storm?
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