TOTAL3 Reclaims 18-Month Trendline: Is a Bullish Breakout Imminent for Altcoins?

TOTAL3 reclaims 18-month trendline, signaling potential bullish breakout for altcoins RSI’s falling wedge pattern suggests growing momentum and a possible upward surge Breaking through resistance at $1.75T could spark a sustained bullish rally for TOTAL3 The TOTAL3 index, which measures the combined performance of all altcoins other than Bitcoin and Ethereum, has retested a crucial trendline for the first time in the last 18 months. A bullish signal that could mark the beginning of a broader altcoin rally. The breakout from the falling wedge pattern, as evidenced by the RSI, also supports the bulls with a higher target. Analyst Moustache reveals that TOTAL3 has been on the rise since the beginning of 2023. The chart shows a well-defined ascending channel, with price consistently bouncing off key support levels. This consistent behavior reinforces the strength of the trendline and suggests continued bullish momentum. #Altcoins TOTAL3 has now reclaimed a trend line that has been in place for 18 months. The breakout target of the falling wedge (RSI) is also significantly higher. Bullish. Send it pls. pic.twitter.com/V4WPUVz22D — 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ… The post TOTAL3 Reclaims 18-Month Trendline: Is a Bullish Breakout Imminent for Altcoins? appeared first on Coin Edition .

Source: Coin Edition