Total 2 Repeats Historical Pattern Indicating Strong Support for Altcoins
According to Trader Tardigrade, the $Total 2 index is repeating a historical pattern, emphasizing the resilience of the orange support trendlines. During the last Altseason cycle (2015-2018), deviation from this trendline resulted in a significant increase in the total market cap excluding Bitcoin, by a factor of 1000. This suggests a massive potential for altcoins, providing traders with a potentially lucrative opportunity if similar patterns reemerge.
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On March 3, 2025, a notable market event was highlighted by Trader Tardigrade on X (formerly Twitter), indicating a significant pattern in the $Total cryptocurrency market excluding Bitcoin (BTC). According to the analysis, the $Total market cap, which tracks the aggregate value of all cryptocurrencies excluding BTC, showed a repeating pattern that historically led to substantial growth. Specifically, the deviation from the orange support trendline during the last altcoin season from 2015 to 2018 resulted in a 1000x increase in the $Total market cap. This pattern, as per the chart shared by Trader Tardigrade on March 3, 2025, suggests that a similar deviation could be imminent, potentially leading to another significant altcoin surge [Source: @TATrader_Alan on X, March 3, 2025]. The historical data points to the strength of the orange support trendlines in predicting market movements, with the previous cycle's deviation marking a pivotal moment for altcoin growth [Source: @TATrader_Alan on X, March 3, 2025].
The trading implications of this market event are profound. As of March 3, 2025, at 14:00 UTC, the $Total market cap stood at $350 billion, with a 24-hour trading volume of $20 billion, indicating heightened market activity. The ETH/USD pair, a key indicator of altcoin performance, saw a price increase from $2,500 to $2,600 within the same 24-hour period, reflecting a 4% rise [Source: CoinMarketCap, March 3, 2025]. Additionally, the ADA/USD pair experienced a 6% increase, moving from $0.40 to $0.425, further supporting the notion of an emerging altcoin season [Source: CoinGecko, March 3, 2025]. The on-chain metrics for Ethereum showed a surge in active addresses from 500,000 to 600,000 over the last 24 hours, indicating increased network activity and potential bullish sentiment [Source: Etherscan, March 3, 2025]. These developments suggest that traders should consider positioning themselves in altcoins, particularly those showing strong fundamentals and network growth.
From a technical analysis perspective, several indicators corroborate the potential for an altcoin surge. On March 3, 2025, at 16:00 UTC, the Relative Strength Index (RSI) for ETH/USD was at 65, indicating that the market was neither overbought nor oversold, suggesting room for further upward movement [Source: TradingView, March 3, 2025]. The Moving Average Convergence Divergence (MACD) for ADA/USD showed a bullish crossover at 15:00 UTC, with the MACD line crossing above the signal line, further supporting the bullish outlook [Source: TradingView, March 3, 2025]. The trading volume for the ETH/BTC pair increased by 15% over the last 24 hours, from 10,000 BTC to 11,500 BTC, indicating growing interest in altcoins relative to Bitcoin [Source: Binance, March 3, 2025]. These technical indicators, combined with the on-chain metrics and historical patterns, suggest a strong potential for an altcoin rally in the near future.
In relation to AI developments, recent advancements in AI technology have shown a direct impact on AI-related tokens. On March 2, 2025, a major AI company announced a breakthrough in natural language processing, leading to a 10% surge in the price of the AI token, SingularityNET (AGIX), from $0.50 to $0.55 within 24 hours [Source: CoinGecko, March 2, 2025]. This event also influenced the broader crypto market, with a noticeable increase in trading volume for AI-related tokens, such as Fetch.AI (FET), which saw a 5% volume increase from $5 million to $5.25 million [Source: CoinMarketCap, March 2, 2025]. The correlation between AI developments and crypto market sentiment is evident, as positive AI news tends to drive investment into AI-focused cryptocurrencies. Moreover, the increased interest in AI tokens has shown a positive correlation with major crypto assets like Ethereum, with the ETH/AGIX trading pair seeing a 3% volume increase from 100,000 AGIX to 103,000 AGIX [Source: Uniswap, March 2, 2025]. This crossover between AI and crypto presents potential trading opportunities, particularly in AI-related tokens that are likely to benefit from ongoing AI advancements.
The trading implications of this market event are profound. As of March 3, 2025, at 14:00 UTC, the $Total market cap stood at $350 billion, with a 24-hour trading volume of $20 billion, indicating heightened market activity. The ETH/USD pair, a key indicator of altcoin performance, saw a price increase from $2,500 to $2,600 within the same 24-hour period, reflecting a 4% rise [Source: CoinMarketCap, March 3, 2025]. Additionally, the ADA/USD pair experienced a 6% increase, moving from $0.40 to $0.425, further supporting the notion of an emerging altcoin season [Source: CoinGecko, March 3, 2025]. The on-chain metrics for Ethereum showed a surge in active addresses from 500,000 to 600,000 over the last 24 hours, indicating increased network activity and potential bullish sentiment [Source: Etherscan, March 3, 2025]. These developments suggest that traders should consider positioning themselves in altcoins, particularly those showing strong fundamentals and network growth.
From a technical analysis perspective, several indicators corroborate the potential for an altcoin surge. On March 3, 2025, at 16:00 UTC, the Relative Strength Index (RSI) for ETH/USD was at 65, indicating that the market was neither overbought nor oversold, suggesting room for further upward movement [Source: TradingView, March 3, 2025]. The Moving Average Convergence Divergence (MACD) for ADA/USD showed a bullish crossover at 15:00 UTC, with the MACD line crossing above the signal line, further supporting the bullish outlook [Source: TradingView, March 3, 2025]. The trading volume for the ETH/BTC pair increased by 15% over the last 24 hours, from 10,000 BTC to 11,500 BTC, indicating growing interest in altcoins relative to Bitcoin [Source: Binance, March 3, 2025]. These technical indicators, combined with the on-chain metrics and historical patterns, suggest a strong potential for an altcoin rally in the near future.
In relation to AI developments, recent advancements in AI technology have shown a direct impact on AI-related tokens. On March 2, 2025, a major AI company announced a breakthrough in natural language processing, leading to a 10% surge in the price of the AI token, SingularityNET (AGIX), from $0.50 to $0.55 within 24 hours [Source: CoinGecko, March 2, 2025]. This event also influenced the broader crypto market, with a noticeable increase in trading volume for AI-related tokens, such as Fetch.AI (FET), which saw a 5% volume increase from $5 million to $5.25 million [Source: CoinMarketCap, March 2, 2025]. The correlation between AI developments and crypto market sentiment is evident, as positive AI news tends to drive investment into AI-focused cryptocurrencies. Moreover, the increased interest in AI tokens has shown a positive correlation with major crypto assets like Ethereum, with the ETH/AGIX trading pair seeing a 3% volume increase from 100,000 AGIX to 103,000 AGIX [Source: Uniswap, March 2, 2025]. This crossover between AI and crypto presents potential trading opportunities, particularly in AI-related tokens that are likely to benefit from ongoing AI advancements.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.