Some notable moves this week across larger altcoins:
Toncoin (TON) saw a sharp move higher over the past week Ondo (ONDO) gained momentum alongside renewed RWA interest Sui (SUI) continued trending higher amid ecosystem developments Zcash (ZEC) pushed into a major resistance areaWhat’s interesting is how this lines up with the broader TOTAL3 chart (total crypto market cap excluding Bitcoin and Ethereum).
From a technical perspective, TOTAL3 appears to be attempting a breakout from a structure resembling a cup-and-handle formation:
Extended base formation through March and April Consolidation/handle phase into late April Recent impulse move pushing market cap back toward the ~$750B–$765B regionIf that breakout level continues holding as support, it could suggest improving risk appetite across the broader altcoin market.
Historically, stronger rotations tend to begin with a smaller group of leaders before expanding into the wider market.
That said, confirmation matters especially after multiple failed rallies over the past cycle.
Curious how others are interpreting this setup:
Is this the start of a broader altcoin rotation? Or just another relief rally within a larger range-bound market?submitted by /u/Ourcrypto_news [link] [comments]
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