Let's break down TOTAL3 — the altcoin market cap excluding $BTC and $ETH.
What we're seeing: A rising wedge pattern that's been building since 2017. That's seven years of structure, which means it carries weight.
Rising wedges are typically bearish continuation patterns when they form in downtrends, but in a bull market context like this, they can act as consolidation zones before explosive moves. The key is the breakout.
If TOTAL3 breaks upward out of this wedge with volume, we're looking at a massive altcoin run. The structure suggests room to the upside — potentially significant room given how long this pattern has been cooking.
What to watch:
- Clean break above wedge resistance
- Volume confirmation on the breakout
- Retest of the wedge as support (classic textbook move)
Invalidation: A breakdown below wedge support flips the script bearish.
Bottom line: The setup is there. The structure is there. Now we wait for price to confirm the direction. If this wedge breaks up, altseason gets real loud real fast.
What we're seeing: A rising wedge pattern that's been building since 2017. That's seven years of structure, which means it carries weight.
Rising wedges are typically bearish continuation patterns when they form in downtrends, but in a bull market context like this, they can act as consolidation zones before explosive moves. The key is the breakout.
If TOTAL3 breaks upward out of this wedge with volume, we're looking at a massive altcoin run. The structure suggests room to the upside — potentially significant room given how long this pattern has been cooking.
What to watch:
- Clean break above wedge resistance
- Volume confirmation on the breakout
- Retest of the wedge as support (classic textbook move)
Invalidation: A breakdown below wedge support flips the script bearish.
Bottom line: The setup is there. The structure is there. Now we wait for price to confirm the direction. If this wedge breaks up, altseason gets real loud real fast.