TOTAL3 Reverses a Two-Year Downtrend: Here’s Why a Reading Above $1.08 Trillion Comes Next

The TOTAL3 market reversed from a two-year downtrend in early 2023.

A breakout in late 2024 above an eight-month downtrend signaled a shift to bullish momentum.

The TOTAL3 market is nearing $1.08T resistance, with potential for further gains toward $3.02T and $5.63T.

According to a recent market analysis of the altcoin market cap, when excluding Bitcoin and Ethereum, TOTAL3 has experienced growth since early 2023. After a continued dip, the market saw a trend reversal in 2023, setting the stage for a sustained bullish phase. By late 2023, market conditions began to improve, leading into a strong rally through 2024 and early 2025

Early 2023 Recovery and Strong Upward Movement into 2024 Explained

By the beginning of 2023, the cryptocurrency market reached a fatal low, ending two years of constant fall. As the market analysis of moustache shows, support was recorded in a critical line of tendency, which proven to be a strong base of revival. Next, a sharp change in direction of the price was observed which marked the beginning of a new up-phase. As the market experienced some momentum, a trend of higher lows and higher highs started to transpire, showing an increase in the confidence and demand.

Source: X

By the end of 2023, the market had entirely shifted into an upward trend. A rising trendline formed, signaling a bullish phase that carried through into 2024. Throughout this period, the market saw uniform improvements, breaking past previous resistance levels. This upward momentum continued, showing no signs of slowing down. The final quarter of 2024, in particular, marked a key moment as the market broke through an eight-month downtrend, marking the start of a stronger rally.

Breakout and Bullish Trend and Key Resistance Zone in 2025

To further validate the continued uptrend, the market’s breakout in the last quarter of 2024 was pivotal. An observation by StockMoney Lizards indicates that the TOTAL3 market broke above a long-standing descending resistance line, which had been limiting price movement for several months. This marked a shift from a bearish to a bullish market phase. As a result, the market gained momentum, crossing key price levels with increased strength. By early 2025, the market approached new highs, confirming the continued growth trend.

Source: X

As of 2025, the market is approaching a critical resistance level at $1.08 trillion, known as the "Short Squeeze Zone." This level has been identified as a key hurdle for the market. If it is breached, there is a potential for a significant upward push, propelling the market higher. Fibonacci extension levels at $3.02 trillion and $5.63 trillion suggest possible future price targets, should the market break through this resistance.

Besides a surge in price levels, an increment in the level of trade activities has also attended towards the upward trend in the market. This implies that an increasing number of participants are involved in it upholding the growth of the market. The further positive trend of the cryptocurrency market, with the exception of Bitcoin and Ethereum, proves the increasing need of consumers in altcoins. Having a significant breakout on long-term resistance and rising volume, the markets are ready to carry on the bullish spirit towards 2025 and beyond.