Altcoin Market Cap Breaks Out 400 Billion Dollar Value

The altcoin market is currently exhibiting a bullish formation that was last observed in late 2024. The TOTAL2 chart, which measures the crypto market cap excluding Bitcoin and Ethereum, has broken out of a key pattern and replicated a previous consolidation phase. This technical formation, known as a cup and handle, began to develop in mid-2022, with the rounded part of the cup arm spanning more than a year. The handle grew throughout early 2025 and was a falling wedge, a pattern commonly used to precede higher prices after a brief downtrend. Following the breakout, the chart showed a retest of a symmetrical triangle resistance, now flipped into support. This trend is viewed by traders as confirmation of trend continuation for altcoins. The triangle pattern dated back several years and had previously rejected several rally attempts. The retest and bounce have now shifted market expectations toward renewed strength in the broader altcoin sector.

The TOTAL2 market cap has moved sideways for 32 weeks, mirroring a similar 32-bar (224-day) stretch observed in 2024. During that earlier phase, the altcoin market also moved within a tight range before a short but sharp upward move. This repetitive pattern indicates that price action trend and investor activity might be experiencing familiar altseason patterns. Future projections are frequently driven by the historical duplication of technical structure, especially on the macro level. The symmetry of consolidation periods further reinforces the existing chart pattern as traders position themselves in evaluations of probable direction.

In late 2024, the altcoin market cap experienced a 28-day bullish period, which occurred more or less instantly after the 32-week price stagnation. Within those four weeks, TOTAL2 shot up significantly, introducing more than 400 billion dollars worth of value within the sector. The move was preceded by low volatility and declining volume, conditions that were once again evident in the current chart. The 2025 model featured a similar build-up, where price candles develop at a similar rate and volume with historical building phases. With analysts monitoring such conditions, the narrative is around the prospects of the current market taking the 2024 model, with TOTAL2 already breaking cleanly and retesting the pattern.

The symmetrical triangle breakout and retest evolved as most altcoins recover after early 2025 sell-offs and reclaim important moving averages. The current TOTAL2 chart has the market cap sitting at around the $1.4 trillion mark, followed by the lows of fewer than 900 billion achieved earlier this year. This recovery has brought the market back into a key liquidity zone, which previously was a launchpad for the late 2024 rally. The rebound off the triangle support and back to a higher range level could help with capital rotation right back into the altcoins. Additionally, the consistency of chart designs and macro consolidation periods could boost investment in non-Bitcoin products. Consequently, the market can be ready for an altcoin rally continuation.