Altcoin market reverses trend as TOTAL2 breaks from downtrend pattern

By Peter Macharia - Technical Analyst
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
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The altcoin market is currently experiencing a clear turn in its structure after months of bearish price action. The Market Indicator TOTAL2, which measures the aggregate of all other cryptocurrencies but excluding the market value of Bitcoin, is now on an uptrend from a prior downtrend. The new pattern introduced by the shift is now high highs and high lows, and the low highs and low lows structure.

Structural shift from lower lows to higher highs

Trader Tardigrade analysis reveals a confirmed transition in TOTAL2’s price movement. The previous market phase displayed consistent lower highs and lower lows. This pattern indicated sustained downward pressure across altcoins. That structure has now broken, with recent data confirming the formation of higher highs and higher lows.

This movement signals the emergence of new upward pressure across the altcoin sector. In the previous cycle, each rally met resistance before breaking lower, which is no longer occurring. The new structure shows sustained price strength, with buyers stepping in at higher price points.

TOTAL2 strength reflects broader Altcoin recovery

As TOTAL2 increases further, the same trend applies to the market for broader altcoins. The indicator’s recent high broke through the previous local peak, and this supported a higher high. At the same time, price corrections are halting from above, old support levels at higher lows across the chart.

This change in structure indicates that downward momentum has weakened. Volume indicators across multiple exchanges also confirm increased participation during breakout attempts. The higher highs form the first phase of the trend reversal, with higher lows now supporting the emerging direction.

Price behavior across the altcoin sector remains in alignment with TOTAL2’s revised structure. The breakdown of the former trend and establishment of a higher support base underlines the market’s shift. Market structure now reflects a sustainable uptrend under current price behavior.

So as long as higher highs and higher lows are also in place therefore TOTAL2 will likely continue in its revised direction. This is a significant technical move of altcoins after a long wait for a price suppression and a technical downtrend.

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Peter Mwangi is a skilled crypto news writer with over three years of experience in the writing industry. He is known for his well-researched, insightful content and has contributed to major crypto publications. Peter, committed to learning and teamwork, brings great storytelling and leadership skills to the BTCRead team. You can reach out to Peter at petermwangi@btcread.com.
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