For cryptocurrency enthusiasts, especially those focusing on altcoins, understanding market trends is just as crucial as keeping track of individual coin performance and news. TOTAL2 and TOTAL3 charts serve as essential indicators to gauge the overall market direction from a technical analysis perspective. What insights do these charts provide?
Current Altcoin Trajectory
The question frequently asked by investors—will altcoins rise or fall in the short or medium term—can be approached from multiple angles. For instance, Powell’s recent statements could signal an upward trend from a macroeconomic standpoint. However, factors like Cook’s dismissal, impending sanctions on Russia by Trump, and tariff developments add uncertainty to the market, often rendering specific predictions meaningless.
Today, we examine the TOTAL2 and TOTAL3 charts to analyze which expectations might be fulfilled regarding altcoin trends. Understanding why chart predictions often do not materialize is vital, as highlighted in the initial analysis.
The first analyst, Noach, has shared his insights based on the TOTAL2 and TOTAL3 charts. However, we’ll focus on TOTAL2, where Noach expresses satisfaction over the recovery of crucial levels. This indicates a mini-uptrend, suggesting more gains for altcoins are possible.
The environment for ETH is favorable, driven by supply scarcity, strong ETF flows, and the appetite of reserve companies. Short-term ETH gains are likely, as altcoins follow suit, aligning with Noach’s expectations. For those interested, the TOTAL3 chart is also provided below.
Market Dynamics Shift
DaanCrypto has shared insights on the overall market capitalization, which includes all cryptocurrencies, by showcasing the TOTAL chart. This chart is anchored in a critical support area and represents a post-election rally peak from 2024 and a resistance level for much of this year.
“The TOTAL Crypto Market Cap is in this significant support area. If this level is lost, it could mean a reversal in local market structure and a prolonged correction/consolidation phase. Bulls must hold this level.”
The TOTAL chart is holding a key area, and both TOTAL2 and TOTAL3 are in a mini-uptrend. The Fed is beginning to reduce interest rates, but Cook remains a risk. Despite past threats from Trump, little has come of them. It seems Trump is more bark than bite.
As we approach September, when interest rates are set to decline, Trump’s aggressive moves could dampen the economy. While interest rates drop, inflation debates will intensify, with Trump’s threats potentially impacting oil prices on the Russian side and goods prices on the Chinese side, leading to inflationary pressures. A calm month is hoped for.
Bearish crypto markets have accelerated with a consistent decline in interest rates. Thus, as the Fed lowers rates, expecting increased growth by year-end is not unfounded. Poppe, in his recent remarks, highlighted the importance of patience.
“I’m eager for substantial gains from altcoins, and I’m confident it will happen. However, this is not an easy period to hold them, but patience will be rewarded. The more patient you are, the greater your reward.”
What can investors do? Staying informed by following technical analysis and monitoring breakthroughs is crucial. News-driven price movements offer significant insights for short-term trades and medium-term views. Hence, keeping an eye on the news section of the CryptoAppsy application regularly is beneficial for staying updated on developments.
