Altcoin Market on Edge: The $1.16 Trillion Breakout Awaits
Right now, the Total Market Cap (excluding Bitcoin and Ethereum) (Total 3) is hovering below its highest-ever level, after briefly surpassing it and then dropping back down.
For now, if the market stays between around $839 Billion and $1.13 Trillion, things will likely remain unpredictable and choppy.
The real excitement and potential surge in prices (what some call the "Euphoria/Mania Phase") will likely start once the market breaks through its all-time high and enters uncharted territory.
However, if the Total 3 drops below $800 Billion the Blue zone marked on the chart, I’d be more cautious. While it could still be part of a larger upward trend (forming a "higher low"), it wouldn’t be ideal for the overall market structure. If the market aims to grow significantly by 2025, it shouldn’t really fall back to that level.
For now, if the market stays between around $839 Billion and $1.13 Trillion, things will likely remain unpredictable and choppy.
The real excitement and potential surge in prices (what some call the "Euphoria/Mania Phase") will likely start once the market breaks through its all-time high and enters uncharted territory.
However, if the Total 3 drops below $800 Billion the Blue zone marked on the chart, I’d be more cautious. While it could still be part of a larger upward trend (forming a "higher low"), it wouldn’t be ideal for the overall market structure. If the market aims to grow significantly by 2025, it shouldn’t really fall back to that level.
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