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Altcoin Chart Transitions From Bearish To Bullish, Is It Time For Alt Season?
- Altcoins are showing fresh momentum as the Total3 chart transitions from a bearish to bullish structure.
- Trader Tardigrade's analysis suggests a potential trend reversal, hinting at the start of an alt season.
- The market completed a Double Top pattern indicating a bearish phase, followed by a decline to the downside.
- The chart now reveals an Inverse Head and Shoulders pattern forming, with the $920 billion level as a crucial resistance point.
- A breakout above this level could signify a transition into a super bullish phase, with a potential target of $1.29 trillion.
- Currently, the right shoulder of the pattern is being formed, awaiting confirmation for a potential strong altcoin season trigger.
- Trader Tardigrade hinted at the possibility of an altcoin season starting in the next few weeks based on technical chart comparisons.
- The analysis compares the market behavior in 2024, which led to a significant altcoin rally, with the current price action in 2025.
- The descending channel pattern in 2025 could result in a potential altcoin season after a pullback and breakout from consolidation.
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