According to @CryptoTony_, the $Total 3 crypto market cap chart has transitioned from a bearish to a bullish outlook after completing a double top breakdown and reaching its target. The chart is now forming a head and shoulders pattern, with the right shoulder currently developing, indicating a potential bullish reversal for altcoins. This technical shift could present new trading opportunities in the altcoin market, as traders monitor confirmation of the reversal pattern for entry points (source: @CryptoTony_ on Twitter).

According to Trader Tardigrade, $Total 3, which tracks the total crypto market cap excluding BTC and ETH, has completed a brief consolidation after breaking out from a Descending Megaphone Pattern. This technical breakout is a key indicator that an altcoin pump is starting, often referred to as Altseason. Traders should watch for increased trading volumes and bullish momentum across altcoins, as this pattern historically signals strong upward price movements. Source: Trader Tardigrade via Twitter, June 11, 2025.