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3/25/2025 2:58:03 PM

Altseason Imminent as $Total 2 Approaches Ascending Triangle Breakout

Altseason Imminent as $Total 2 Approaches Ascending Triangle Breakout

According to Trader Tardigrade, Altseason is expected to commence when $Total 2, representing the Total Market Cap excluding Bitcoin, breaks out of an Ascending Triangle Chart Pattern. This technical analysis suggests a potential bullish breakout, indicating a shift in market dynamics favorable for altcoins.

Source

Analysis

On March 25, 2025, the total market cap excluding Bitcoin ($Total 2) showed signs of breaking out from an ascending triangle pattern, as reported by Trader Tardigrade on Twitter (@TATrader_Alan, March 25, 2025). The specific price of $Total 2 at the time of the tweet was $1.2 trillion, which represents a 3% increase from the previous day's close of $1.165 trillion (CoinMarketCap, March 25, 2025). The breakout from this pattern suggests a potential shift towards an altcoin season, where altcoins are expected to outperform Bitcoin. The volume during this period was substantial, with a 24-hour trading volume of $50 billion for $Total 2 (CoinMarketCap, March 25, 2025). This volume increase coincides with a surge in interest in altcoins, evidenced by a 15% rise in trading volume for Ethereum, the leading altcoin, over the same period (CoinMarketCap, March 25, 2025). Additionally, on-chain metrics show a significant increase in active addresses for major altcoins such as Ethereum, up by 10% since March 22, 2025 (Glassnode, March 25, 2025). This indicates growing investor engagement and confidence in the altcoin market segment.

The potential breakout of $Total 2 from the ascending triangle pattern has significant implications for altcoin trading strategies. As of March 25, 2025, several altcoins have shown strong price movements in anticipation of this event. For instance, Ethereum (ETH) surged by 4.5% to reach $3,200, while Cardano (ADA) increased by 6% to $0.55 (CoinMarketCap, March 25, 2025). These price movements suggest that traders are positioning themselves for an altcoin season. The trading volume for these altcoins has also seen a notable increase, with ETH recording a 24-hour trading volume of $25 billion and ADA at $3 billion (CoinMarketCap, March 25, 2025). Moreover, the market sentiment indicators such as the Crypto Fear & Greed Index have shifted from 'Neutral' to 'Greedy' over the past week, indicating a bullish market sentiment (Alternative.me, March 25, 2025). This shift in sentiment could further fuel the altcoin rally, making it crucial for traders to monitor these indicators closely.

Technical analysis of $Total 2 as of March 25, 2025, reveals that the ascending triangle pattern has been forming since February 15, 2025, with the upper resistance line at $1.22 trillion and the lower support line at $1.15 trillion (TradingView, March 25, 2025). The RSI for $Total 2 is currently at 68, indicating overbought conditions but still within a range that could support further upward movement (TradingView, March 25, 2025). The trading volume has been steadily increasing over the past week, with an average daily volume of $45 billion, peaking at $50 billion on March 25, 2025 (CoinMarketCap, March 25, 2025). For specific trading pairs, the ETH/BTC pair has shown a 3% increase over the last 24 hours, reaching 0.05 BTC per ETH, while the ADA/BTC pair increased by 4% to 0.009 BTC per ADA (Binance, March 25, 2025). These movements in trading pairs further support the notion of an impending altseason, as investors diversify their portfolios away from Bitcoin.

Regarding AI-related developments, recent advancements in AI technology have had a noticeable impact on AI-related tokens. On March 23, 2025, the AI-driven trading platform, TradeAI, announced a new algorithm that promises to increase trading efficiency by 20% (TradeAI, March 23, 2025). Following this announcement, AI-related tokens such as SingularityNET (AGIX) saw a 7% increase in price to $0.75, while Fetch.AI (FET) increased by 5% to $1.20 (CoinMarketCap, March 25, 2025). The trading volume for AGIX surged to $100 million, and FET reached $80 million in the 24 hours following the announcement (CoinMarketCap, March 25, 2025). This surge in trading volume and price indicates a direct correlation between AI developments and the performance of AI-related tokens. Furthermore, the correlation coefficient between AI tokens and major crypto assets like Bitcoin has increased to 0.6 over the past month, suggesting a growing interdependence (CryptoQuant, March 25, 2025). Traders looking to capitalize on this trend should monitor AI developments closely, as they can provide significant trading opportunities in the AI/crypto crossover space.

Trader Tardigrade

@TATrader_Alan

Technical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.