Crypto market is witnessing considerable optimism in the altcoin sector as shown by the TOTAL3 index (MC excluding BTC and ETH). The TOTAL3 market cap is reaching a notable breakout from a falling wedge pattern, signalling a likely huge upward altcoin market momentum. The crypto analyst shared the ongoing TOTAL3 breakout in a recent X post.
TOTAL3 Index Approaches Critical Breakout Point, Raising Optimism Around Altcoin Market
TOTAL3 is the overall crypto market capitalization while excluding Bitcoin ($BTC) and Ethereum ($ETH). As TOTAL3 is breaking out from the current falling wedge pattern, it signifies the possibility of a large-scale upside in the altcoin landscape. The market data points out that the falling wedge is a part of the large Cup & Handle formation that started forming in 2021’s end.
At the moment, this pattern has matured the rounding bottom over the recent years. After that, the handle or falling wedge formation has reached its conclusion in 2025’s 2nd quarter, marked by noteworthy consolidation.
Development Denotes Movement Toward Large-Scale Altcoin Rally
At present, price action is retesting the neckline resistance at $791B. This market cap level is currently serving as a key support. The respective structure additionally mirrors the historical patterns as seen in the case of Bitcoin ahead of substantial price rallies. Keeping this in view, as the TOTAL3 index approaches a crucial breakout, Gret van Lagen advises the market participants to stay vigilant. In this respect, the wider altcoin market, excluding Ethereum and Bitcoin, is potentially moving toward an exclusive rally.
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