Prediction of the Next Movement for Total Market Cap of Altcoins (TOTAL3)



Currently, TOTAL3 has already broken below the bear flag trendline, but it still needs one more confirmation. At this position, heavy accumulation for a bottom is very risky; instead, caution is advised.
If there is a rebound later, a pullback to the daily 21 EMA, 50 SMA, or back to around the 715B area of the original bear flag trendline can be seen as a shorting opportunity. The logic is simple: a pullback after a breakdown is likely to confirm resistance, not indicate a reversal.
In the medium term, I still see the total market cap of altcoins (TOTAL3) around 600B, corresponding to approximately 130B for OTHERS.
From a larger structural perspective, altcoins are still far from the bottom. Whether it’s TOTAL3 or OTHERS, the trend is still downward, and the structure has not been repaired. Therefore, this kind of rebound is essentially a trap to lure longs and a window for shorts to enter.
The saddest thing in the crypto world is people who cling to the era and keep asking on the exchange: Is there still an altcoin season? Is the altcoin season coming? Will there be an altcoin season again?
Unbeknownst to many, the altcoin season first appeared with meme tokens on the SOL chain, then with Alpha, and the next wave is unlikely to happen on exchanges.
SOL0,22%
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