Altcoins
Analyst Michaël van de Poppe predicts ‘massive’ cryptocurrency breakout, says altcoins are gearing up for next big rally
Widely followed analyst and trader Michaël van de Poppe believes crypto is poised for a major surge.
Van de Poppe tells his 721,600 followers on social media platform X that the total cryptocurrency market cap (TOTAL) chart is preparing to break through its last resistance level at $2.66 trillion.
The trader shares a chart suggesting that TOTAL is in a strong uptrend supported by bullish higher-lower patterns.
“The total market capitalization of cryptocurrencies is showing a massive and bullish chart.
In two to three months, we will break this historic record and never rise above it again.
It’s gonna be fun.”
Source: Michael van de Poppe/X
As of this writing, the total amount hovers around $2.41 trillion.
Van de Poppe also examines the market capitalization of altcoins using the TOTAL3 chart, which tracks the overall valuation of cryptocurrencies excluding Bitcoin (Bitcoin), Ethereum (ETH) and stablecoins.
According to the trader, TOTAL3 is on track to break its crucial resistance zone at around $800 billion.
“It was a tough week for several altcoins, however, the altcoin market cap saw a 4% correction.
The correction is over and this is just an accumulation before the next big break higher above $800 billion.
At the time of writing, TOTAL3 is trading at $641.572 billion.
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