ALTCOIN MARKET IS SITTING ON CYCLE SUPPORT for CRYPTOCAP:TOTAL2 by Cryptollica
TOTAL2 represents the total crypto market capitalization excluding Bitcoin. It is one of the clearest charts for measuring whether capital is expanding into the broader crypto market or remaining concentrated in Bitcoin. The structure is currently testing a rising support line that has developed from the 2022 cycle bottom. This line supported the recovery throughout 2023 and 2024, and the market has now returned to it after failing to break above the 2021 all time high zone. That location …
TOTAL2 represents the total crypto market capitalization excluding Bitcoin. It is one of the clearest charts for measuring whether capital is expanding into the broader crypto market or remaining concentrated in Bitcoin. The structure is currently testing a rising support line that has developed from the 2022 cycle bottom. This line supported the recovery throughout 2023 and 2024, and the market has now returned to it after failing to break above the 2021 all time high zone. That location matters. The current weakness is occurring near long term support, not near the upper boundary of the structure. The market has already corrected from approximately 1. 7 trillion dollars toward the 850 to 900 billion dollar region. This has removed a significant amount of leverage, profit and speculative excess from altcoins. 2021 all time high remains the major structural barrier. TOTAL2 has tested this region several times, but each attempt has been rejected. This does not make the structure dead. It shows that the market is still absorbing the supply created near the previous cycle peak. sequence remains constructive: The 2022 cycle bottom established the base. 2023 and 2024 recovery created a rising long term structure. 2021 high was tested repeatedly. current correction has returned the market to its main support. This is where the next major decision begins. As long as the rising support continues to hold, the broader structure remains a large higher low rather than a completed collapse. The first important recovery area is around 1 trillion dollars. Above that, the market would begin moving back toward the 1. 55 to 1. 70 trillion dollar resistance zone. A sustained reclaim of the 2021 high would be the real structural transition. That would remove the ceiling that has controlled the altcoin market for several years and open the possibility of a much larger price discovery phase. projected move toward 4 to 5 trillion dollars should not be treated as a guaranteed target. It represents the potential scale of expansion if the old cycle high is eventually converted from resistance into support. important message is simpler. TOTAL2 is not currently testing the top of its structure. It is testing the support that could define the next cycle expansion. Most investors will focus on the damage already visible in altcoins. The chart is asking a different question. Monthly RSI all time low level in historyIs this where the decline ends, or where the next major expansion quietly begins?▸ Crypto Cycles: cycle phase mapping, structural analysis▸ Fractals: historical pattern, cycle anatomy▸ Onchain▸ Macro▸ Market Psychology▸Altcoin ChartsSubscribe on X → @Cryptollicax. com/Cryptollica/creator-subscriptions/subscribealtcoinsTOTAL2Trend AnalysisDisclaimerThe 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 theTerms of Use. DisclaimerThe 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 theTerms of Use.