The altcoin market, tracked by the TOTAL3 index, is poised for a potential 300% increase in market capitalization, targeting $4.37 trillion. This bullish outlook is driven by the formation of a Cup and Handle pattern on the weekly chart, which has been developing over approximately 1,127 days. A key resistance level at $1.1 trillion is identified as the breakout threshold, with a weekly close above this level needed to confirm the pattern's bullish implications.
Analysts highlight that the handle phase of the pattern is characterized by reduced volatility and consistent buying pressure, signaling a potential bullish resurgence. Renewed investor interest in sectors such as DeFi, gaming, and utility tokens is also contributing to the momentum, suggesting a broader altseason rally could be on the horizon.
Altcoin Market Cap Eyes $4.37 Trillion Amid Bullish Pattern
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