Crypto Total Market Cap (Excluding BTC) Weekly Chart Analysis
The chart reveals a multi-year symmetrical triangle pattern, with a decisive breakout above the resistance trendline. This signals a potential shift toward sustained bullish momentum.
The breakout aligns with increased market activity (volume not visible but inferred), indicating robust participation and validation of the upward move.
The price action is comfortably above the weekly 50 EMA (yellow line), acting as a dynamic support and confirming the strength of the bullish trend.
$1.39T (previous resistance now flipped into support).
Minimal resistance ahead until the psychological $2T zone, with the potential for all-time highs.
If the breakout holds, the measured move from the triangle's base suggests a target range of $2.5T—$3 T, marking substantial upside potential.
Continued consolidation or retest above $1.39T could trigger an extended altcoin rally, propelling the market to new highs.
Bearish Scenario:
Failure to sustain above $1.39T might lead to a retrace within the triangle, stalling bullish momentum.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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