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Regarding the future trend prediction of the total market capitalization of altcoins TOTAL3
Currently, TOTAL3 has broken below the bear flag support, but it still needs one more confirmation. At this position, heavy accumulation for a bottom is very risky; instead, caution is advised.
If there is a rebound later, a pullback to the daily 21 EMA, 50 SMA, or back to around 715B, which is roughly the previous bear flag support zone, can be seen as a rebound opportunity to short. The logic is simple: a pullback after a breakdown is likely to confirm resistance, not a reversal.
In the medium term, I still see the total market cap of altcoins TOTAL3 around 600B, corresponding to about 130B for OTHERS.
From a larger structural perspective, altcoins are still far from the bottom. Whether it’s TOTAL3 or OTHERS, the trend is still downward, and the structure has not been repaired. Therefore, this kind of rebound is essentially a trap for more longs and a window for shorts to enter.
The saddest thing in the crypto world is people holding on to the era and constantly asking on social media: Is there still an altcoin season? Is the altcoin season coming? Will it come again? Little do they know that the altcoin season first appeared with meme coins on the SOL chain, then with alpha coins, and the next wave is unlikely to happen on exchanges.