The Altcoin Market’s Imminent Turn: Is The Alt Season Finally Upon Us?

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Ah, dear reader, it seems the altcoins, those delightful rebels of the cryptocurrency world, are beginning to show signs of life once again. The Total3 chart—tracking the combined market cap of all altcoins, with the exception of Bitcoin and Ethereum—has recently shifted from a gloomy, bearish disposition to a more promising, bullish one. This sudden change, according to a fresh analysis, could indicate the dawn of a long-awaited trend reversal. Is the fabled “alt season” at last approaching? Perhaps, but only time shall tell!

Altcoin Chart’s Bullish Breakout: A Promising Sign of Alt Season?

The esteemed crypto market expert, Trader Tardigrade (one can only hope they are as adventurous as their name suggests), has graced us with an analysis of the TOTAL3 chart, which has, quite remarkably, flipped from bearish to bullish. This chart now exhibits what can only be described as a *potentially explosive* setup. How thrilling! It seems we may be on the cusp of the much-discussed altcoin season!

Alas, let us revisit the chart in question: the market initially appeared to be following the age-old Double Top pattern—a notorious harbinger of doom. This was not merely a *minor setback*, dear reader, but a full-on bearish reversal signal. Two consecutive peaks marked as “Top” on the chart failed to surpass each other, thus ushering in a sharp sell-off. How disheartening!

But fear not, for the market did eventually fall to its expected target, confirming the bearish phase was indeed complete. No more mysterious shadows of doubt. The chart has done its duty, fulfilling the prophecy of the Double Top.

Now, as is often the case in the world of altcoins, after a most dramatic downturn, the market appears to be consolidating, quietly constructing what we experts call an “Inverse Head and Shoulders” pattern. Yes, a pattern so renowned it practically deserves its own fan club. The neckline of this formation, which sits at the $920 billion level, shall be the ultimate test. Should the price soar beyond this threshold, we might just see the birth of a “super bullish” altcoin era, my dear friends.

Should this breakout occur, the good folks at Trader Tardigrade’s chart are speculating a potential target of about $1.29 trillion. Quite an ambitious estimate, if I do say so myself. But who am I to doubt the wisdom of such technical charting expertise?

At present, the TOTAL3 chart’s price action is forming what can only be described as the “right shoulder,” an especially critical stage in the development of the Inverse Head and Shoulders pattern. While confirmation remains elusive, the very formation of this bullish structure after the prior bearish downturn is, dare I say, *significant*. Should the neckline be breached with sufficient volume and momentum, well, we could very well be on the precipice of something spectacular—an altcoin season like no other!

Altcoin Season 2025: Could It Be A Repeat of 2024’s Rally?

In a subsequent revelation, Trader Tardigrade—ever the diligent observer—has offered us a comparison between two distinct market periods: late 2023 through early 2024, and the current stretch from April to June 2025. It seems we have seen this pattern before, dear reader! Both periods feature a strong upward surge followed by a period of consolidation within a descending channel. How familiar!

In early 2024, this very consolidation led to a breakout and, in turn, a grand altcoin rally. Could history repeat itself? In the world of cryptocurrencies, anything is possible, so it would seem. The current chart for 2025 mirrors this pattern, and Trader Tardigrade is forecasting that, after a minor pullback, we shall see the market break free of its current consolidation and enter the *much-anticipated* altcoin season.

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2025-06-17 22:43