Index #total3 is consolidating at the upper boundary of the global channel. Let me remind you that I consider this channel as a "bull flag" pattern, breaking out above the upper boundary opens the way for altcoin capitalization at the level of 1 trillion and above.

In case of failure to break and hold above, a downside opens up with a correction down to 680–600 billion.

Personally, my opinion: if we look at the situation in the market, including the dominance indices of Bitcoin, USDT.D, and DXY, I am more inclined towards a breakout upwards, possibly with a slight pullback and subsequent breakout above.