As of March 14, 2025, the TOTAL 3 index, which measures the total market capitalization of altcoins excluding Bitcoin and Ethereum, is navigating a critical phase within an ascending channel. This pattern, defined by a rising trend line, has supported the market since October 2023, with a notable spike in early 2024 reinforcing its trajectory. Recently, TOTAL 3 dipped to $717 billion, bouncing off the lower trend line—a key support that has held firm over the past 17 months. The market cap has since recovered to $750 billion, where it’s currently consolidating, potentially for a few months, as altcoins build momentum for the next move.
Looking upward, the upper boundary of the ascending channel points to a bullish target of $1.3 trillion. This level, nearly double the current market cap, aligns with the pattern’s historical slope and could be reached later in 2025, driven by strong fundamentals, seasonal trends, or a surge in altcoin adoption. However, a break below the ascending uptrend line introduces a bearish scenario. Should TOTAL 3 breach and sustain below this support—currently near $717 billion—it could test a lower level at $513 billion. This downside target reflects a significant retracement, possibly to prior support zones from mid-2023 or a 30-40% drop from the recent low, consistent with historical altcoin volatility.
For now, the $750 billion consolidation acts as a pivotal range. A hold above the trend line keeps the $1.3 trillion upside in play, while a confirmed break below shifts focus to $513 billion. Traders should watch volume and momentum indicators for clues on the next direction.
Looking upward, the upper boundary of the ascending channel points to a bullish target of $1.3 trillion. This level, nearly double the current market cap, aligns with the pattern’s historical slope and could be reached later in 2025, driven by strong fundamentals, seasonal trends, or a surge in altcoin adoption. However, a break below the ascending uptrend line introduces a bearish scenario. Should TOTAL 3 breach and sustain below this support—currently near $717 billion—it could test a lower level at $513 billion. This downside target reflects a significant retracement, possibly to prior support zones from mid-2023 or a 30-40% drop from the recent low, consistent with historical altcoin volatility.
For now, the $750 billion consolidation acts as a pivotal range. A hold above the trend line keeps the $1.3 trillion upside in play, while a confirmed break below shifts focus to $513 billion. Traders should watch volume and momentum indicators for clues on the next direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.