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Altcoins are beginning to show fresh momentum, as the Total3 chart, representing the combined market capitalization of all altcoins excluding Bitcoin and Ethereum, has just transitioned from a bearish to bullish structure. According to a new analysis, the breakout signals a potential trend reversal, raising the possibility that the market could be entering the early stages of the long-awaited alt season.
Altcoin Chart Bullish Breakout Signals Alt Season
Crypto market expert Trader Tardigrade’s new technical analysis of the TOTAL3 chart has officially flipped bullish, showcasing a notable transition from a previously bearish structure into a potentially explosive setup. The analyst is currently closely watching this shift, as it may signal the early stages of an upcoming altcoin season.
According to the altcoin TOTAL3 chart, the market had initially completed a textbook Double Top pattern, a well-known bearish reversal signal. This pattern was clearly defined by two consecutive price peaks—both labeled as “Top” on the price chart—that failed to break higher, ultimately leading to a sharp sell-off and decline.
The breakdown from this structure confirmed a bearish phase, with the price ultimately reaching its projected target to the downside. This target zone is visibly marked on the chart, showing the Double Top pattern has fully played out.
Source: Trader Tardigrade on X
Following this bearish move, Trader Tardigrade’s chart analysis shows that the market began to consolidate and gradually build what now appears to be a classic Inverse Head and Shoulders pattern. Notably, the neckline of this pattern, marked clearly on the chart around the $920 billion level, is the key resistance threshold.
A confirmed breakout above this neckline would validate the Inverse Head and Shoulders formation, signaling a transition into a “super bullish phase” for the broader altcoin market. Trader Tardigrade’s chart also projects a potential target of approximately $1.29 trillion if this breakout occurs.
At present, the price action of the TOTAL3 chart is forming the right shoulder, which is a critical phase in the development of the Inverse Head and Shoulders pattern. While confirmation is still pending, the formation of this bullish setup following the completion of a previously bearish structure marks a significant development. If the neckline is broken with convincing volume and momentum, it could act as the trigger to a potentially strong altcoin season.
Altcoin Season 2025 To Mirror 2024 Rally
In a follow-up post, Trader Tardigrade released a technical chart comparison, which suggests the altcoin season could start in the next few weeks. This time, the analysis focuses on the TOTAL2 index, which tracks the total market capitalization of all altcoins.
The side-by-side chart compares the market behavior from late 2023 through early 2024 with the current price action from April through June 2025. In both periods, the market shows an initial strong upward move followed by a period of consolidation inside a descending channel. In early 2024, this channel breakout led to a significant altcoin rally.
Notably, the current 2025 chart appears to be repeating the same descending channel, with Trader Tardigrade projecting a potential altcoin season after the market experiences a pullback and breaks out of its present consolidation pattern.
Overall crypto market cap excluding BTC at $1.15 trillion | Source: TOTAL2 on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com
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