- TOTAL2 chart mirrors previous bull cycles of 2017 and 2021
- Technical patterns suggest altcoin market may head higher
- Traders anticipate a bullish breakout in coming months
The altcoin market , measured by the TOTAL2 chart (total crypto market cap excluding Bitcoin ), is showing signs of repeating history. According to analysts, the current price action closely resembles the cycles seen in 2016–2017 and again in 2020–2021.
Back in 2017 and 2021, these patterns were precursors to massive bull runs across altcoins. While history doesn’t repeat itself exactly, it often rhymes — and the resemblance is hard to ignore. Traders and investors are now watching TOTAL2 carefully, as it seems to be building momentum for another potential breakout.
The cycle theory suggests that market psychology plays a large role in price movement. Just like in previous cycles, a consolidation period often leads to renewed investor interest and strong upward movement.
Technical Indicators Suggest Momentum
Technical analysis of the TOTAL2 chart reveals consolidation around a key support zone — much like the phases before altcoins exploded in value during past bull runs. Volume remains steady, and certain altcoins are already showing signs of early breakout behavior.
Some analysts believe that if TOTAL2 breaks past key resistance levels, the broader altcoin market could rally hard. Projects outside of Bitcoin and Ethereum could see strong inflows, just as they did in previous cycles.
However, caution is always advised. While charts may rhyme with the past, macro conditions and investor sentiment play a huge role. Still, the technicals and historical patterns offer reasons for optimism.
Is the Altcoin Season Near?
The crypto community is buzzing with speculation that an “altcoin season” might be around the corner. During these seasons, capital tends to flow from Bitcoin into smaller-cap coins, leading to outsized gains.
Given the striking resemblance between today’s charts and those from 2017 and 2021, many are preparing their portfolios for potential upside. If the cycle repeats — or even slightly rhymes — the altcoin market could be in for a major move upward.
Read also:
- Altcoins Mirror 2017 Cycle: Is a Rally Coming?
- Ethereum Price Bounce Signals New Bullish Trend
- ETH Triggers Classic Bear Trap Before Potential Breakout
- Shiba Inu ($SHIB) Eyes 156% Surge Amid Bullish Divergence
- ETH Price Fakeout? Signs Point to a Recovery
