Altcoin Market Cap Rebounds to $226 Billion as Analysts Highlight Long-Term Setups
Key Takeaways
- •The altcoin market-cap index excluding the top 10 cryptocurrencies climbed roughly 13%–15%, from about $197–$200 billion to near $226–$227 billion, after breaking above the $210 billion mark following the advance that began September 16.
- •Analyst El Crypto Prof identified a nearly five-year ascending triangle pattern on TOTAL2 and said a $5 trillion altcoin market cap remains possible over time.
- •Analyst Javon Marks said the rising Alt Dominance trend structure shows altcoins prepared for a large altseason, describing the current period as a potential shift.
- •Short-term momentum has cooled, with the RSI falling from above 70 to 60.82, below its 77.21 moving average, while the MACD line at $5.2 billion has dropped beneath its $5.84 billion signal line.
- •Resistance for the index remains around $226–$227 billion, with initial support near $220 billion followed by the $210 billion and $200 billion levels.
Altcoins have rebounded in recent days, with the market-cap index excluding the top 10 cryptocurrencies climbing from roughly $197–$200 billion to around $226–$227 billion — an increase of roughly 13%–15% — after breaking above the $210 billion mark. Analysts El Crypto Prof and Javon Marks highlighted longer-term altcoin setups even as recent chart data shows momentum cooling after the advance that began September 16.
El Crypto Prof Sees Five-Year Pattern
According to El Crypto Prof, TOTAL2 has formed a bullish ascending triangle over nearly five years — a chart formation with a flat upper boundary and a rising lower trendline that technical analysts traditionally view as bullish. In a post on X, he said a $5 trillion altcoin market cap remains possible over time and asked whether market participants are ready for the next run.
TOTAL2 tracks the total cryptocurrency market capitalization excluding Bitcoin. The chart referenced in the report, however, covers cryptocurrencies outside the top 10, meaning its figures offer a separate view of that market segment.
Javon Marks Points to Alt Dominance
Analyst Javon Marks pointed to the macro chart of Alt Dominance, a measure of the market share held by coins outside Bitcoin — a reading whose rise market commentators typically associate with an altseason, a stretch in which altcoins collectively outperform. According to Marks, the trend structure shows altcoins ready for a large altseason. He described the current period as a potential shift and urged his audience to stay ready.
Meanwhile, the broader index has posted a sharp recovery since September 16, first clearing the $210 billion level before accelerating toward its recent highs near $227 billion.
RSI Cools as MACD Turns Lower
According to TradingView chart data, the index recently stood at $223.29 billion, down $495.82 million, or 0.22%, on the latest four-hour candle — a modest pullback against the roughly $26–$30 billion added since September 16. The period recorded a high of $224.49 billion and a low of $222.82 billion. Volume was near $18.23 billion, while recent bars have declined during the pullback.
The relative strength index (RSI), a 0–100 momentum gauge, is at 60.82, below its 77.21 moving average. The indicator has fallen from above 70 but remains above 50.
The MACD, which tracks the gap between two moving averages, however, points to weaker short-term momentum. The MACD line sits at $5.2 billion, below the $5.84 billion signal line, and its histogram is near negative $635.9 million.
Resistance remains around $226–$227 billion. Initial support sits near $220 billion, followed by the $210 billion and $200 billion levels — the reference points that frame the index's near-term range.
Source: Cryptofrontnews
