Crypto market is witnessing appreciable optimism within the altcoin sector as proven by the TOTAL3 index (MC excluding BTC and ETH). The TOTAL3 market cap is reaching a notable breakout from a falling wedge sample, signalling a possible big upward altcoin market momentum. The crypto analyst shared the continuing TOTAL3 breakout in a current X publish.
TOTAL3 Index Approaches Crucial Breakout Level, Elevating Optimism Round Altcoin Market
TOTAL3 is the general crypto market capitalization whereas excluding Bitcoin ($BTC) and Ethereum ($ETH). As TOTAL3 is breaking out from the present falling wedge sample, it signifies the opportunity of a large-scale upside within the altcoin panorama. The market knowledge factors out that the falling wedge is part of the massive Cup & Deal with formation that began forming in 2021’s finish.
In the intervening time, this sample has matured the rounding backside over the current years. After that, the deal with or falling wedge formation has reached its conclusion in 2025’s 2nd quarter, marked by noteworthy consolidation.
Growth Denotes Motion Towards Giant-Scale Altcoin Rally
At current, price motion is retesting the neckline resistance at $791B. This market cap degree is at present serving as a key assist. The respective construction moreover mirrors the historic patterns as seen within the case of Bitcoin forward of considerable price rallies. Holding this in view, because the TOTAL3 index approaches an important breakout, Gret van Lagen advises the market contributors to remain vigilant. On this respect, the broader altcoin market, excluding Ethereum and Bitcoin, is doubtlessly transferring towards an unique rally.