- TOTAL3 shows strong signs of an upcoming breakout.
- A similar 20% liquidation candle occurred before the 2020 Altseason.
- Market watchers are eyeing this as a potential Altseason start signal.
The crypto market has once again caught the attention of traders, as TOTAL3—the market cap of all cryptocurrencies excluding Bitcoin and Ethereum —shows signs of a potential breakout. Market analysts have noted that the current chart pattern of TOTAL3 mirrors conditions seen just before the explosive Altseason of 2020.
This has led to rising excitement within the community, as traders anticipate a similar surge across altcoins.
A Flashback to 2020’s Liquidation Candle
In 2020, a sharp liquidation candle wiped out more than 20% of TOTAL3’s value in a short span. What followed was a powerful and sustained rally across altcoins, marking the beginning of one of the most notable Altseasons in crypto history. Interestingly, TOTAL3 just printed a comparable candle, raising questions about whether history might repeat itself.
These types of liquidation events often flush out weak hands, clearing the way for stronger bullish moves. If past patterns are any guide, this could be the spark needed for a new wave of altcoin gains.
What Traders Should Watch Now
While no chart is a crystal ball, the similarities between current conditions and those in 2020 are hard to ignore. Key indicators such as volume spikes and sentiment shifts are beginning to align, signaling that altcoins may be preparing for a large-scale rally.
Traders are advised to stay alert and monitor the TOTAL3 chart closely. Breakouts often happen fast, and those who are prepared stand to benefit the most if this indeed marks the Altseason start.
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