- TOTAL2 surpassed its previous 2021 peak, flipping $1.48T resistance into support, signaling a structural recovery and bullish momentum in altcoins.
- RSI breakout and successful retest indicate strong altcoin strength, while MACD momentum aligns upward, supporting continued market expansion beyond $2 trillion.
- Altcoins enter a new growth phase as TOTAL2 consolidates above critical levels, reflecting market confidence and potential acceleration toward higher valuations.
The total crypto market cap excluding Bitcoin, known as TOTAL2, has recorded its highest 2M close ever. This milestone reflects a strong recovery in the altcoin market. Analysts note the market has retested key levels and confirmed bullish momentum.
Macro Cycle Recovery Signals Strength
TOTAL2 shows a clear macro cycle structure since 2021. The cycle top reached approximately $1.9 trillion, followed by a correction into 2022 lows near $430 billion. Since that period, the market steadily climbed, printing higher lows and higher highs. This recovery indicates structural stability in altcoins.
The chart shows that TOTAL2 recently surpassed the 2021 cycle peak zone. This close represents a historic milestone in market recovery. Analysts consider this level crucial for confirming the end of the previous downtrend.
According to CrypFlow, the market has successfully retested the $1.48 trillion resistance level, now acting as support. The consolidation above this zone confirms the market’s structural shift. CrypFlow tweeted, “TOTAL2 (2M) – Highest close ever. Don’t panic when we wick down to retest that level.”
Momentum Indicators Support Bullish Trend
The 2M Relative Strength Index (RSI) shows strong momentum after breaking a downtrend line established in 2021. The RSI retested the break out line and is now at a level of 66.54, indicating strength, but not excessive overbought.
This trend is also verified by the Moving Average Convergence Divergence (MACD). The histogram remains positive, with rising momentum bars and both lines trending upward. This alignment supports the ongoing bullish movement for altcoins.
Momentum indicators indicate that TOTAL2 is no longer in the consolidation phase but in the expansion phase. Analysts observe that the RSI and MACD patterns show rising confidence of traders and investors. This trend is keeping up with structural trends in the chart.
Altcoin Expansion Expected
The market is positioned for further upside beyond the $2 trillion mark, according to recent data. TOTAL2’s structural recovery and successful resistance flip suggest an acceleration phase may be underway.
CrypFlow emphasized smart positioning for investors as the altcoin market gears up. The tweet states, “If it holds, we’re not just looking at continuation… we’re looking at full-scale altcoin expansion.” Traders are monitoring key levels closely to confirm ongoing strength.
Altogether, the record 2M close, the bullish momentum, and the reversal, show that altcoins are ready to grow. Analysts expect TOTAL2 to keep rising as the market conditions improve.
