Altcoin Market Cap Total3 chart, now on the 1-day timeframe. Here's a refined breakdown based on this view:
📊 Updated Technical Analysis (Daily Chart)
1. Confirmed Patterns:
Double Top near $1.16T still stands, showing historical resistance.
Falling Wedge (bullish pattern) has completed and broken out — a strong reversal signal.
Current price action forms a bullish flag (tight downward channel), indicating continuation after the breakout.
2. Support Zones:
Key support: ~$830B–$850B (blue zone), respected multiple times.
Trendline support from the March lows (ascending blue line) is still intact — very bullish structurally.
3. Breakout Potential:
Price is testing the upper resistance of the flag pattern.
A breakout above this channel (~$880B) with volume could trigger a rally toward $1.16T — the next major resistance.
4. Volume & Momentum:
Volume has picked up slightly, but we would want to see a volume spike to confirm bullish continuation.
Momentum indicators (not shown here) would likely support a bullish case, given the consolidation after a breakout.
🎯 Targets & Risk Levels:
LevelDescription
$830B–$850BStrong demand zone/support
$880BImmediate breakout level (flag)
$1.16TMajor resistance/target
$705BBreakdown target (invalidates bull case)
✅ Conclusion: Bullish Bias Maintained
The 1D chart aligns with the 3D chart and continues to favor bullish continuation.
Breakout above $880B could lead to ~35% upside.
Tight invalidation if price closes below ~$830B and breaks trendline.
