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TOTAL3 Chart:
1. **Bitcoin Dominance Decline**:
- When Bitcoin dominance (BTC.D) decreases, it indicates money is flowing from Bitcoin into altcoins, causing TOTAL3 to rise.
2. **Altcoin Season**:
- Typically, after Bitcoin reaches a major peak or consolidates after a rally, investors shift focus to altcoins, boosting TOTAL3.
3. **Favorable Market Sentiment**:
- Bullish trends in the overall crypto market, supported by macroeconomic factors, investor confidence, or major crypto adoption events, can drive TOTAL3 higher.
4. **Ethereum Stability or Growth**:
- While Ethereum is excluded from TOTAL3, its positive performance often signifies confidence in altcoins and the broader DeFi ecosystem, indirectly benefiting TOTAL3.
5. **Strong Performances by Leading Altcoins**:
- Significant rallies in high-cap altcoins like Solana (SOL), Arbitrum (ARB), or Gala (GALA) can influence TOTAL3.
6. **Bitcoin Halving and Post-Halving Rally**:
- Historically, the post-halving phase of Bitcoin leads to a strong altcoin market rally, positively impacting TOTAL3.
### Signs TOTAL3 Might Be Turning Positive:
- **Breakout Above Key Resistance Levels**:
- If TOTAL3 breaks above significant technical resistance (e.g., a moving average or a Fibonacci level), it signals increasing momentum.
- **Volume Increase in Altcoin Markets**:
- A surge in trading volume specifically in altcoins often precedes a TOTAL3 rally.
- **Reduced Fear in Crypto Markets**:
- Lower **Crypto Fear and Greed Index** levels indicate better investor sentiment, supporting altcoin growth.
For the upcoming cycle (November 2024–May 2025), TOTAL3 is likely to show positive momentum if Bitcoin stabilizes or consolidates after its potential rally following the 2024 halving, creating an optimal environment for altcoins to flourish.