The altcoin market (total market capitalization, i.e., the capitalization of cryptocurrencies excluding BTC) has broken the resistance at the level of 840 billion dollars. This zone is now:
✅ Support should be adapted
❌ If the price falls again - it will continue as a "lower peak" and a downward trend may begin.
At the moment, the trend remains upward on a small time frame, but this is necessary in the near term.
Strategy:
- We will monitor the movement step by step, level by level.
- If the price falls below 840 billion dollars, open long positions.
The altcoin market is showing strong growth, but maintaining such growth rates is difficult, as it is stuck at the level of 840 billion dollars. It continues to move cautiously.
✅ Support should be adapted
❌ If the price falls again - it will continue as a "lower peak" and a downward trend may begin.
At the moment, the trend remains upward on a small time frame, but this is necessary in the near term.
Strategy:
- We will monitor the movement step by step, level by level.
- If the price falls below 840 billion dollars, open long positions.
The altcoin market is showing strong growth, but maintaining such growth rates is difficult, as it is stuck at the level of 840 billion dollars. It continues to move cautiously.
