ALTS MARKET CAP UPDATE: KEY SUPPORT HOLDS, BREAKOUT CONFIRMED! 🚀
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The Total Altcoin Market Cap has delivered a textbook technical performance:
✅ Historical Bounce: Perfect rejection from the long-term ascending trendline support.
✅Major Reclaim: Successfully regained and held the crucial EMA 200 as support.
✅Pattern Breakout: Broke out decisively from a multi-week Falling Wedge pattern.
✅Retest Success: Has completed a successful retest of the wedge's resistance-turned-support.
📈 Outlook: As long as the market cap sustains above the wedge breakout zone, the path of least resistance is upward. This structure supports a continuation of the bullish momentum.
💎 Key Level to Watch: The breakout level (top of the former wedge) is now critical support.
Bottom Line: The structure is bullish. A hold above support suggests the next leg up for alts is likely underway.
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