Altcoins Eye Key Breakout: Total3 Charts MACD, RSI Signal Upward Push

As Bitcoin soars to a fresh all-time high of $111,861.22, the cryptocurrency market as a whole surged to a $3.51 trillion valuation–a 3.95% jump in the past 24 hours fueled by a mix of macro catalysts and a healthy dose of retail exuberance.

With the closely watched Fear & Greed Index at 73 (“Greed”) and trading volumes skyrocketing over 53.66% to $191 billion, the spotlight now turns to altcoins.

Total3 Chart Analysis: Altcoin Market Readies for Breakout

The Total3 chart (total crypto market cap excluding BTC and ETH) is showing compelling bullish signals. The current market cap is at $916.89 billion and the MACD indicator shows a bullish crossover with strong histogram expansion–a classic signal of upward momentum.

Meanwhile, the RSI is hovering above 63, indicating strength but not yet overbought, suggesting more room for a rally.

Source: TradingView

Fibonacci Levels Key as Altcoins Approach $1 Trillion Target

The Total3 charts trajectory has decisively broken above the 0.618 level at $898 billion and is now approaching the 0.786 Fibonacci level ($928.84 billion). A clean breakout above $930B would open the door toward the Fibonacci 1.618 target at $1.08 trillion.

Additionally, the recent higher low formed at $785 billion aligns with a bullish continuation pattern. If sustained, this sets the stage for an altcoin-led breakout, especially if BTC dominance continues to slide.

Market Sentiment and Fundamentals

Arthur Hayes, co-founder of BitMEX, recently pointed out at Token2049 that the altseason could kick in after Bitcoin crosses $110,000–a level it now has clearly breached. According to Hayes, the surge in Bitcoin to $150K–$200K could trigger profit-taking, fueling altcoins.

Meanwhile, Bitcoin dominance is showing signs of reversal after breaking down from a rising wedge–a pattern often signaling a trend change. Currently sitting at 63.90%, the critical breakdown levels to watch are:

• 61.94%: Early sign of altseason.
• 60.24%: Confirmation of full-fledged altseason.

Source: TradingView

Historically, once Bitcoin surpasses its ATH by 10% or more, altcoins have rallied 50–200% within 2–4 weeks and the market is now entering that window.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.