The TOTAL3 chart — which tracks the combined market capitalization of all cryptocurrencies excluding Bitcoin and Ether — is emerging as a key indicator for the broader altcoin market, according to crypto analyst CyrilXBT.
In a post on X, CyrilXBT said the chart continues to preserve its structural uptrend, forming higher highs and higher lows while holding above its rising trendline. Historically, this trendline has acted as a launch point for previous altcoin rotation phases.
“TOTAL3 is still respecting structure,” the analyst noted, adding that sustained support could signal continued resilience across mid- and small-cap altcoins.
However, caution remains. A decisive breakdown below the trendline could trigger broader market weakness, potentially leading to sharper drawdowns across the altcoin sector.
Market participants are now closely monitoring the level as a directional signal. A successful hold may reinforce bullish sentiment and encourage renewed risk appetite, while a breakdown could accelerate capital rotation back into Bitcoin or stablecoins.
For now, traders remain cautiously optimistic as the structure remains intact — with TOTAL3 increasingly viewed as the early warning system for the next major altcoin move.
