Total 3 market Cap Analysis

As of March 14, 2025, the TOTAL 3 index, which measures the total market capitalization of altcoins excluding Bitcoin and Ethereum, is navigating a critical phase within an ascending channel. This pattern, defined by a rising trend line, has supported the market since October 2023, with a notable spike in early 2024 reinforcing its trajectory. Recently, TOTAL 3 dipped to $717 billion, bouncing off the lower trend line—a key support that has held firm over the past 17 months. The market cap has since recovered to $750 billion, where it’s currently consolidating, potentially for a few months, as altcoins build momentum for the next move.

Looking upward, the upper boundary of the ascending channel points to a bullish target of $1.3 trillion. This level, nearly double the current market cap, aligns with the pattern’s historical slope and could be reached later in 2025, driven by strong fundamentals, seasonal trends, or a surge in altcoin adoption. However, a break below the ascending uptrend line introduces a bearish scenario. Should TOTAL 3 breach and sustain below this support—currently near $717 billion—it could test a lower level at $513 billion. This downside target reflects a significant retracement, possibly to prior support zones from mid-2023 or a 30-40% drop from the recent low, consistent with historical altcoin volatility.

For now, the $750 billion consolidation acts as a pivotal range. A hold above the trend line keeps the $1.3 trillion upside in play, while a confirmed break below shifts focus to $513 billion. Traders should watch volume and momentum indicators for clues on the next direction.