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TOTAL3 Altcoin Chart Breakout, Macro Factors Boos
By: cryptosheadlines|2025/05/15 04:30:08
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Total crypto market cap briefly broke $3.5 trillion, signaling a strong resurgence in investor sentiment.Bitcoin surged to $105K while Ethereum exploded 41% this week, driven by macro and market catalysts.Fibonacci levels on Total3 suggest a $1.08T altcoin target, supported by bullish RSI and MACD signals.The cryptocurrency market saw its total market cap briefly exceed $3.5 trillion this week, signaling a notable return of risk appetite across global markets. Bitcoin (BTC) reached $105,000, and Ethereum (ETH) recorded gains of over 41% within the past week, as broad bullish momentum took hold of digital assets.AI coins including Bittensor (TAO), Artificial Superintelligence Alliance (FET), Near Protocol (NEAR), Internet Computer (ICP), RENDER also turned bullish. Meanwhile, meme coins PEPE, BONK, FARTCOIN, DOGE printed massive daily green candles. TOTAL3 Chart Shows Altcoins Booming, Eyeing Higher TargetsAccording to data from TradingView’s Total3 chart (which excludes Bitcoin and Ethereum), the broader altcoin market has carved out a bullish breakout from a falling wedge and is now pushing toward key Fibonacci resistance. From a recent low near $782 billion, Total3 has risen to $922 billion, retesting the 0.786 Fib retracement level ($925B) after breaking above the 0.618 ($894B) and 0.5 ($873B) levels.The Relative Strength Index (RSI) is sitting at 70.30, indicating overheated conditions but suggesting continued bullish pressure. Meanwhile, the MACD line has crossed above the signal with a healthy gap and growing histogram bars–confirming bullish momentum across the board.Related: Crypto No Longer Fringe: UBS Sees Affluent Clients Use BTC, Altcoins as Portfolio HedgeImportantly, the next major resistance lies at the previous local top of $964 billion, followed by the 1.618 extension target at $1.08 trillion–a mark that, if reached, could cement the current breakout as a full-blown altcoin season.Macro Tailwinds Strengthen the CaseSingapore-based QCP Capital attributes the recent spike in crypto prices to a series of bullish macro events. A landmark $600 billion US–Saudi Arabia trade deal has softened global tariff expectations, pushing equities and crypto higher. Coupled with a cooler-than-expected US CPI print, markets are now anticipating rate cuts, with two reductions expected in 2025.Related: BTC Dominance Is Key If Bitcoin Hits $109K For Altcoin Season CluesEven though the Fed remains cautious and data-dependent, risk-on sentiment is dominating investor behavior. Notably, Coinbase’s upcoming inclusion into the S&P 500 on May 19 could fuel further inflows into the space, serving as a catalyst much like Tesla’s S&P inclusion in late 2020.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
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