TOTAL2 Approaches 2021 Highs, Suggesting Potential for Major Altcoin Rally

• TOTAL2 is approaching its 2021 peak, mirroring the pre-breakout pattern that preceded the explosive 2017 altcoin rally.

• A third golden cross has formed in the altcoin market, historically a strong technical signal that precedes aggressive market expansions.

• Altcoin market structure remains intact, supported by momentum and trend strength as investors await confirmation of a breakout above ATH.

TOTAL2 nears its 2021 peak, echoing 2017’s breakout. A golden cross and strong trend now hint at a major altcoin rally ahead.

What is TOTAL2 and Why is it Important?

TOTAL2 is a metric that tracks the total market capitalization of all cryptocurrencies excluding Bitcoin. Currently, it is approaching its 2021 peak, suggesting a potential breakout that could lead to significant altcoin rallies.

How Does the Current Market Compare to 2017?

Market analysts are noting that the current structure of TOTAL2 closely resembles the patterns observed in 2016-2017. The chart indicates a Wave 1 advance followed by a correction, similar to the setup before the 2017 altcoin surge.

Frequently Asked Questions

What are the implications of TOTAL2 nearing its all-time high?

As TOTAL2 approaches its previous all-time high, it indicates a potential for significant price movement in altcoins, as historical patterns suggest a bullish trend may follow.

How can investors prepare for a potential altcoin rally?

Investors should monitor market indicators closely and consider diversifying their portfolios to include altcoins that may benefit from the anticipated upward momentum.

Key Takeaways

• TOTAL2 is nearing its 2021 peak: This could signal a major altcoin rally.
• Golden Cross formations: Historically indicate bullish trends in the altcoin market.
• Market structure remains intact: Investors should stay alert for potential breakout confirmations.

Conclusion

As TOTAL2 approaches its previous all-time high, the altcoin market is poised for potential growth. Historical patterns and technical signals suggest that a significant rally could be on the horizon. Investors should remain vigilant and prepared for the upcoming shifts in market dynamics.

• TOTAL2 nears its 2021 peak, echoing 2017’s breakout.

• The altcoin market is poised for a significant shift.

• Technical indicators suggest a bullish trend ahead.

TOTAL2 nears its 2021 peak, echoing 2017’s breakout. A golden cross and strong trend now hint at a major altcoin rally ahead.

Historical Patterns Reemerge on TOTAL2 Chart

Market watchers are drawing comparisons between the current TOTAL2 structure and that of 2016–2017. The TOTAL2 chart, which tracks the total cryptocurrency market cap excluding Bitcoin, is forming a pattern nearly identical to the pre-2017 altcoin surge. According to crypto analyst @el_crypto_prof, the market seems to be repeating a familiar setup: a Wave 1 advance followed by an extended correction and consolidation.

He noted that TOTAL2 is now pressing against its 2021 high, supported by a consistent uptrend. This resembles the 2016 rounded base structure, which preceded the vertical breakout of 2017’s altcoin season. If the chart plays out similarly, a second wave could be much larger in scale. The term “God Candle” has been used to describe the potential breakout, with projections suggesting valuations that may surpass previous cycle peaks.

Technical Indicators Reinforce Bullish Structure

Additional analysis from @Bitcoinsensus highlights a Golden Cross forming in the altcoin market. Historically, this technical signal—where shorter-term moving averages cross above longer-term ones—has preceded sharp rallies across the altcoin space. This marks the third such crossover, suggesting a continuation of upward momentum.

The alignment of moving averages and the preservation of market structure are seen as positive signs by technical analysts. Current price action shows that momentum is gradually building, a pattern consistent with the early stages of previous major altcoin rallies. The repeated occurrence of these signals adds to the growing expectation of a breakout.

Momentum Builds as Altcoins Challenge Resistance

The convergence of historical patterns and fresh technical signals is drawing attention to the altcoin market’s next possible phase. As TOTAL2 tests its 2021 high, the price movement is now watched closely for confirmation. A clear breakout could initiate a vertical acceleration, supported by the current macro setup.

Market participants seem to remain cautious while paying attention to the overlap between how markets behaved in the past and how they are behaving today. Whether the alt-coins will continue to increase in value will depend on whether the resistance has been broken decisively.