#ALTS MARKET CAP ANALYSIS
The ALTS market cap has broken out of a falling wedge pattern with strong volume, indicating potential bullish momentum.
However, it is currently facing rejection from both the 21-day and 50-day moving averages, which are acting as key resistance levels above the price.
If the price fails to break above these MAs, a further decline in the altcoin market is possible.
Conversely, a breakout above the 50MA would signal a potential recovery in the ALTS market cap.
Monitor the price action closely for confirmation.