đ„Altcoin Dominance Analysis â TOTAL2 Index â Weekly Frame.
đ Technical Insight:
We are witnessing a historical pattern that has been repeating itself with amazing accuracy since 2018, as we observe:
âą Consolidation zones (yellow boxes) forming at rising lows connected by a major rising trend line.
âą Each consolidation wave was followed by a massive price explosion of nearly 50% in the altcoin market capitalization.
âą Currently, we are in a new consolidation phase, very similar to what happened previously in 2020 and 2018.
âą The TOTAL2 index is close to breaking through the positive technical pattern and launching towards the upper resistance of the ascending channel, which could propel the market to huge leaps.
đ§ Conclusion:
The historical scenario is repeating itself. Any positive breakout from this current area could be the beginning of a new explosive wave for altcoins, with the market capitalization potentially reaching $10 trillion.
đ Important Note:
âą The market is currently in a critical moment, so please manage your risks carefully.
âą This analysis is technical and not a direct buy recommendation. Invest wisely.