The TOTAL3 (Altcoin Market Cap excluding BTC and ETH) monthly chart shows a textbook Cup and Handle formation, which may predict a significant move for the altcoin market in the coming months.
Cup and Handle Formation on the TOTAL3 Chart
The TOTAL3 chart exhibits a classic Cup and Handle pattern — a reliable bullish signal in technical analysis. This indicates that the altcoin market could soon make a significant leap, potentially beginning as early as next month.
Altcoin Growth Prospects
Projected bullish targets for potential growth range from **$1.48 trillion** to **$2.23 trillion**. Analysts note that the cryptocurrency market typically shows strong performance in the year-end, especially in October and November, further reinforcing optimism regarding this formation.
What Traders Should Know
Traders and investors are advised to closely monitor the breakout zone in the coming days. A confirmed move above the handle would validate the Cup and Handle formation and could initiate the anticipated rally. It is essential to manage risks and observe volume trends to navigate this potential altcoin surge effectively.
The Cup and Handle formation on the TOTAL3 chart creates positive expectations for altcoins, and if the breakout is confirmed, it could pave the way for significant growth. Investors should stay vigilant and carefully analyze market conditions.
