In Q4 2024, the altcoin market cap rose sharply for 28 days, and the 2025 chart now shows the same setup.
Altcoin market structures are meeting a bullish formation last witnessed in late 2024. Here, the TOTAL2 chart broke out of a key pattern and replicated a previous consolidation phase.
Analysts observed this trend to see whether it could signal an altcoin rally.
Notably, the TOTAL2 chart, which measures the crypto market cap, excluding Bitcoin and Ethereum, has just made a cup and handle.
This technical formation started to develop in mid-2022, and the rounded part of the cup arm spanned more than a year.
On the other hand, the handle grew throughout early 2025. The handle formation alone was a falling wedge, another technical pattern commonly used to precede higher prices after a brief downtrend.
Following the breakout, the chart shared by Carl Moon on X showed a retest of a symmetrical triangle resistance, now flipped into support.
This trend is commonly viewed by traders as confirmation of trend continuation for altcoins. In addition, the triangle pattern dated back several years and had previously rejected several rally attempts.
The retest and bounce have now shifted market expectations toward renewed strength in the broader altcoin sector.
More so, data from the current cycle indicated that the TOTAL2 market cap has moved sideways for 32 weeks. This consolidation period mirrors a similar 32-bar (224-day) stretch observed in 2024.
During that earlier phase, the altcoin market also moved within a tight range before a short but sharp upward move.
Consequently, this repetitive pattern indicated that price action trend and investor activity might be experiencing familiar altseason patterns.
Future projections are frequently driven by the historical duplication of technical structure, especially on the macro level.
Besides, the symmetry of consolidation periods further reinforced the existing chart pattern as traders position themselves in evaluations of probable direction.
In late 2024, the altcoin market cap experienced a 28-day bullish period, which occurred more or less instantly after the 32-week price stagnation.
Within those four weeks, TOTAL2 shot up significantly, introducing more than 400 billion dollars worth of value within the sector.
The move was preceded by low volatility and declining volume. These are conditions that were once again evident in the current chart.
Furthermore, the 2025 model featured a similar build-up, where price candles develop at a similar rate and volume with historical building phases.
With analysts monitoring such conditions, the narrative is around the prospects of the current market taking the 2024 model, with TOTAL2 already breaking cleanly and retesting the pattern.
Moreover, the symmetrical triangle breakout and retest evolved as most altcoins recover after early 2025 sell-offs and reclaim important moving averages.
The current TOTAL2 chart has the market cap sitting at around the $1.4 trillion mark, followed by the lows of fewer than 900 billion achieved earlier this year.
This recovery has brought the market back into a key liquidity zone, which previously was a launchpad for the late 2024 rally.
The rebound off the triangle support and back to a higher range level could help with capital rotation right back into the altcoins.
Additionally, the consistency of chart designs and macro consolidation periods could boost investment in non-Bitcoin products. Consequently, the market can be ready for an altcoin rally continuation.
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