According to @rektcapital, the Total2 index, which excludes Bitcoin and tracks the aggregate market capitalization of altcoins, is currently consolidating above a critical resistance level. This technical pattern mirrors similar consolidations seen in 2016 and 2020, which preceded significant altcoin market rallies known as Altseasons. Traders should monitor this price action closely, as confirmed consolidation above resistance could indicate a continuation of bullish momentum and heightened trading opportunities in the altcoin sector. Source: @rektcapital on Twitter.

According to Trader Tardigrade (@TATrader_Alan), the $TOTAL2 index, which tracks the total market capitalization of altcoins excluding Bitcoin, has reversed its previous downtrend and is now exhibiting a clear uptrend with higher highs and higher lows. This structural shift indicates renewed bullish momentum for altcoins, suggesting the onset of a new altseason. Traders are advised to monitor $TOTAL2 for confirmation of continued strength, as this trend could lead to significant capital inflows into major altcoins and trending DeFi tokens. Source: Trader Tardigrade on Twitter, May 8, 2025.

According to Trader Tardigrade, the $Total2 index is showing a bullish hidden divergence on the RSI 3-day chart, with a higher low on the Total2 index and a lower low on the RSI. This pattern suggests potential upward movement in altcoins, indicating we may be approaching an altseason. Trader Tardigrade highlights multiple signals pointing towards this market condition shift.