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June 7, 2026

Total3 Chart Echoes 2022 Bear Bottom as Analysts Eye $1 Trillion Altcoin Market Recovery Brenda Mary | usagoldmines.com

TLDR:

  • Total3 altcoin market cap sits near $670B–$680B, mirroring the 2022 bear market bottom structure. 
  • Weekly RSI on Total3 is approaching 34.66, close to the oversold zone seen at the 2022 cycle floor. 
  • Analysts project up to $1T in altcoin market cap expansion over the next two to three months. 
  • Over 83% of Binance-listed assets trade below their 200-day moving average amid broad altcoin weakness.

The Total3 altcoin market cap is drawing attention from crypto analysts after its weekly chart began resembling the structure seen at the 2022 bear market bottom.

Currently sitting in the $670B–$680B range, Total3 tracks all crypto assets excluding Bitcoin and Ethereum.

Analysts point to a familiar convergence of price compression and weakening sell-side momentum. The setup is raising questions about whether the altcoin cycle may be approaching a structural turning point.

RSI Compression Raises Early Recovery Signals

Total3’s weekly Relative Strength Index is approaching the same exhaustion zone that preceded the 2022 market floor.

The RSI on the weekly timeframe sits near 34.66, approaching but not yet at the oversold readings that accompanied the 2022–2023 bear market floor.

That level, while still below neutral, shows that selling pressure is losing its earlier intensity. Momentum is not collapsing the way it did during the sharpest legs of the previous downturn.

In the 2022 cycle, RSI spent weeks compressing inside a tight range before gradually reversing. Price did not immediately recover during that compression.

Instead, the market built a base quietly while the chart formed its floor. That same pattern of slow stabilization is what analysts are now observing across the Total3 weekly structure in 2026.

Crypto analyst account Our Crypto Talk noted on X that alts are “rhyming again,” pointing to how similar bottoms in 2022 preceded massive moves in assets like FET, KAS, SOL, TRAC, and ICP.

Those gains ranged from 300% to over 2,600% during the subsequent recovery phase. The post framed the current period as a possible dollar-cost averaging window before 2027.

Whether the compression reflects a structurally healthier altcoin market or simply an incomplete correction remains the central unresolved question. Still, the RSI trajectory alone is giving some traders reason to watch closely.

Price Structure and Altcoin Outlook for 2026

Beyond RSI, the price action on Total3 is forming a recognizable descending support structure. In 2022, that same trendline looked bearish for months before the market began building a base above it.

Once RSI turned upward from its low range, the next altcoin uptrend gradually took hold. A similar technical alignment is now visible on the 2026 weekly chart.

Nearly 83% of assets listed on Binance are currently trading below their 200-day moving average, according to CryptoQuant analyst Darkfost.

That figure captures the broad scope of the ongoing altcoin weakness. However, Darkfost also noted that the most meaningful opportunities in past cycles emerged during periods of extreme pessimism rather than during widespread strength.

Our Crypto Talk projected that the next two to three months could bring roughly $1 trillion in altcoin market cap expansion.

The post stopped short of calling a traditional altseason, instead pointing to a more selective recovery tied to specific assets with strong chart setups. That distinction matters, as not every token moved equally during the 2022-to-2023 recovery.

The current drawdown, at 44.65%, is tracking at roughly half the severity of the 2021–2023 bear market, which erased 75.11% from Total3 before recovery began.

That comparison, while not definitive, adds context to the argument that the current cycle may be less extreme and potentially closer to its floor.

The post Total3 Chart Echoes 2022 Bear Bottom as Analysts Eye $1 Trillion Altcoin Market Recovery appeared first on Blockonomi.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

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