The altcoin market is retesting the 1.7T level, aligning with both the 2021 and 2024 all-time highs.
This marks the first confirmed attempt at price discovery since the last cycle top.
Key Observations:
TOTAL2 remains structurally bullish above the 2024 higher low.
2021 + 2024 ATHs = confluence resistance.
Sustained weekly closes above = breakout confirmation.
Rejection could signal another consolidation before expansion.
If confirmed, this would be the start of a macro expansion phase for alts - but structure confirmation remains essential.
📊 Educational chart. Not financial advice. Past performance ≠ future results.
This marks the first confirmed attempt at price discovery since the last cycle top.
Key Observations:
TOTAL2 remains structurally bullish above the 2024 higher low.
2021 + 2024 ATHs = confluence resistance.
Sustained weekly closes above = breakout confirmation.
Rejection could signal another consolidation before expansion.
If confirmed, this would be the start of a macro expansion phase for alts - but structure confirmation remains essential.
📊 Educational chart. Not financial advice. Past performance ≠ future results.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.