- The altcoin market cap has surged past $1.6 trillion in early September.
- Altcoin Season Index climbed to 71, nearing the 75 altseason mark.
- TOTAL2 chart forms a four-year cup and handle, echoing 2018–2021.
The altcoin market is gaining attention as new data shows a bullish technical setup forming over multiple years. Analysts are tracking a key chart pattern on TOTAL2, a metric that excludes Bitcoin, which could suggest a shift toward altcoins after a long period of Bitcoin dominance.
Multi-Year Cup and Handle Pattern Suggests Bullish Structure
The TOTAL2 chart, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, shows a long-term bullish structure. Technical analysis shared by el_crypto_prof identifies a cup and handle pattern developing over nearly four years, from 2022 through 2025.
This setup mirrors a similar structure that formed between 2018 and 2021. That previous pattern led to a major market rally, supporting the view that this technical formation may repeat a comparable trend. Patterns such as this are commonly observed in traditional markets as signs of long-term bullish potential.
Additional confirmation comes from key technical indicators. The MACD histogram has started to show positive momentum, and moving averages have recently crossed, which typically suggests a possible uptrend. These signals were also seen in the previous cycle, which began a few months before altcoin prices rose sharply.
Bitcoin Dominance Weakening as Altcoin Metrics Improve
While Bitcoin has remained dominant through much of 2024 and early 2025, this trend has started to shift. CoinMarketCap’s Altcoin Season Index, which measures the relative strength of altcoins versus Bitcoin, has been on the rise.
The index tracks values between 0 and 100. Below 25 suggests Bitcoin season, and above 75 signals altseason. From early May through July, the index remained below 25 as Bitcoin outperformed altcoins. However, starting July 9, the index began climbing, pausing near neutral levels through August.
As of early September, it has reached 71, just shy of the altseason threshold. Although this does not confirm altseason, the upward movement aligns with the strengthening TOTAL2 chart. The total altcoin market cap has now surpassed $1.6 trillion, showing clear growth since July.
Analysts are continuing to monitor whether this upward trend holds and whether it could push the index above 75 in the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
