The Combined #Altcoin Market Cap saw another ~10% drawdown after putting in a big leg higher this month.
Last time, price bounced from the .382 Fibonacci Retracement level which is usually a good indicator of a strong trend.
Right now, price is testing that level again from this most recent leg up. Bulls would want to hold this level to get that higher low.
The 2021 all time high is still looming right above as altcoins have not managed to clear that level yet.