The Crypto Market Cap (TOTALCAP) broke out from a descending wedge.
The Altcoin market cap (ALTCAP) has nearly reached a new all-time high.
What will happen to the crypto market during the rest of September?
The crypto market flipped the script, breaking out of a two-week correction and surging today.
With TOTALCAP smashing through key resistance and ALTCAP on the verge of a new all-time high, momentum is back on the bulls’ side.
Even more exciting, small-cap altcoins are stealing the spotlight, signaling the next explosive leg of this rally.
Why is Crypto Going Up Today?
Crypto is going up today mainly because it has broken out from a descending wedge pattern that existed since the Aug. 14 high.
After a two-week correction that ended on Sept. 1, the crypto market cap broke out from its descending wedge, signaling the end of its downward trend.
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Adding to the importance of that level, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are nearing their bearish divergence trend lines.
If the crypto market clears the $3.96 trillion level, the indicators will likely break their resistances, confirming that the correction is over.
What’s Next for the Market?
Zooming out a few months, we can see that the crypto market is finishing the last leg of its upward movement that started in April.
If the count is accurate, TOTALCAP has just finished wave four and has started the fifth and final wave of its increase, targeting $4.6 trillion.
The long-term movement suggests that the correction has ended, relative to the short-term movement. There are several reasons for this.
Firstly, the movement is contained inside an ascending parallel channel, and TOTALCAP just bounced at its support.
Secondly, wave fours are usually shallow and short relative to waves two and three. Considering that, the ongoing correction fits the criteria of a completed wave four in magnitude and time.
Considering all these factors, it is likely that the crypto market has bottomed and will move up for the rest of September.
Who is Leading the Charge?
Since we established that the crypto market is going up, the next step is to determine whether altcoins will perform better than Bitcoin and, if so, which ones will lead the charge.
Since Ethereum is losing ground against Bitcoin, it is left for other, smaller cryptocurrencies to catch up.
This distinction is clearer in the ALTCAP since wave four created a symmetrical triangle, confirming that this is the correct count.
Today, the altcoin market cap attempts to break out from the $1.10 trillion resistance area, the final one before the all-time high.
If successful, ALTCAP could quickly surge to $1.32 trillion, hitting a new all-time high between $1.29 trillion and $1.32 trillion.
Since neither wave three nor wave five has extended, wave five may be the one to do so, providing the upper range for the target.
Small-Cap Altcoins Surge
Perhaps the chart that best visualizes what’s coming next in the crypto market is the dominance of coins outside the top 10 or small-cap altcoins.
The dominance of small-cap altcoins broke out from the 8% resistance today, reaching the highest price since May.
Not only did it clear its horizontal resistance, but it is also attempting to move above a diagonal resistance trend line that has existed since the start of 2025.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
