Is the altcoin set to rise to the sky? The TOTAL2 chart is repeating the 2024 pattern.

The altcoin market structure is forming a bullish pattern that previously appeared in late 2024. At that time, the TOTAL2 chart broke out of a significant pattern and reflected the previous consolidation phase.

Analysts are monitoring this trend to assess whether it is a bullish signal for altcoin.

TOTAL2 of altcoin breaks out of the cup and handle pattern

Notably, the TOTAL2 chart — representing the crypto market capitalization excluding Bitcoin and ETH — has just formed a cup and handle pattern. This technical pattern began to form in mid-2022, with the curved part of the "cup" extending over a year.

The TOTAL2 chart of altcoin | Source: CarlMoonOn the other hand, the handle has formed throughout the beginning of 2025. The handle itself is a descending wedge pattern – often seen as a bullish signal after a short-term consolidation phase.

After the breakout, the chart shared by Carl Moon on platform X shows that the price has retested the resistance line of the symmetrical triangle pattern — which has now become support.

This trend is often seen by traders as a confirmation of the continuation of the bullish trend of altcoin. Additionally, this triangle pattern has appeared many years ago and has previously rejected several bullish phases.

The successful retest of the price and its rebound has shifted market expectations positively, aiming for a stronger recovery across the entire altcoin sector.

**Altcoin market capitalization repeats consolidation phase 32 weeks

Data from the current cycle also shows that the TOTAL2 market capitalization has been consolidating for the past 32 weeks. This consolidation phase is similar to the 32 candle cycle (224 days) that occurred in 2024.

In the previous consolidation phase, the altcoin market also fluctuated within a narrow range before a short but strong breakout.

Therefore, this repeating pattern shows that price trends and investor behavior may be reflecting familiar altcoin seasonal patterns.

Future predictions are often built on the repetition of technical patterns from the past, especially at the macro level.

In addition, the symmetry of the consolidation phases further strengthens the current model, as traders begin to position their strategies based on the potential next trend.

The bullish at the end of 2024 lasts four weeks after the consolidation phase

At the end of 2024, the market capitalization of altcoin increased for 28 days, occurring almost immediately after a 32-week consolidation phase.

In the past four weeks, the TOTAL2 chart has surged, adding over 400 billion dollars to the market value of altcoin. Before this increase, the market recorded low volatility and declining trading volume — conditions that are currently also becoming evident on the present chart.

Market cap consolidation chart for altcoin | Source: NeilsFurthermore, the 2025 model also shows a similar accumulation process, as price candles develop with a pace and volume akin to the formation phases in the past.

As analysts closely monitor these conditions, the current market narrative revolves around the potential repetition of the 2024 model — in the context of TOTAL2 having clearly broken out and successfully retested the model.

Setting up technicals aligned with the market recovery trend

In addition, the symmetrical triangle pattern has broken out and retested just as most altcoins are recovering from the sell-off earlier in 2025, while also reclaiming important moving averages.

The current TOTAL2 chart shows that the market capitalization is fluctuating around the 1.4 trillion dollar mark, after hitting a low of under 900 billion dollars earlier this year.

This recovery has brought the market back to the important liquidity zone – which was once a launchpad for the strong rally at the end of 2024.

The price bouncing up from the support area of the triangle and returning to a higher range could facilitate the flow of capital back into altcoin.

Moreover, the consistency in chart structure and macro consolidation phases may drive investment flows into assets outside of Bitcoin. Therefore, the market may be poised for the next bullish phase of altcoin.

Minh Anh