Altcoin Index Nears $1.3T Resistance Amid Bullish Technical Patterns

The altcoin market, as measured by the TOTAL3 index—excluding Bitcoin and Ethereum—is showing compelling technical signs that mirror historical patterns from previous bull cycles. The index is currently hovering just below a key $1.3 trillion resistance zone, a level that previously rejected price in 2021 and early 2025 [1]. This resistance has historically acted as a major turning point, and its current proximity has sparked renewed interest among traders and analysts.

A rounded bottom pattern formed in 2022 has drawn comparisons to the similar consolidation seen between 2018 and 2021, suggesting that the market may be completing a period of accumulation [1]. Price action in 2024 saw a crossover above the 50-week moving average, which has remained intact as the market continues to test the $1.1T–$1.3T range [1]. Notably, recent candlestick behavior in mid-2025 has shown tighter consolidation, reduced wicks, and lower volatility—characteristics often observed during the 2020 breakout phase [1].

The bullish momentum has also been reinforced by a breakout from a descending bull flag pattern in Q2 2025, which followed a strong upward move. Although the index briefly dipped below its moving average during this formation, it quickly reclaimed the level, confirming key support and reinforcing the upward trend [1]. On-chain indicators suggest that the structure remains strong, with higher lows holding firm through multiple corrections [1].

A further technical signal supporting the potential for a breakout is the bullish crossover in the MACD on the monthly chart. This crossover is eerily similar to the one seen before the 2020 rally, and the histogram has turned green, signaling the early stages of a potential upward move [1]. Analysts have noted these developments as confirmation of a shift in market sentiment and growing institutional participation [1].

Taken together, these signals suggest that the altcoin market may be on the cusp of a significant breakout. If history repeats, the current consolidation could give way to a powerful rally, potentially propelling the TOTAL3 index beyond its previous resistance levels [1]. Market participants are closely watching for confirmation of a sustained move above $1.3 trillion, which could mark the beginning of a new bull phase for altcoins.

Source: [1] History Repeats? TOTAL3 Rounded Bottom Hints at Explosive Altcoin Breakout Ahead (https://cryptofrontnews.com/history-repeats-total3-rounded-bottom-hints-at/)