Of course, here is the translation to Arabic:
1,100 billion dollars must be maintained in alternative cryptocurrency market capitalization
The market capitalization of alternative cryptocurrencies is experiencing an upward momentum again, recording higher lows and highs. However, the price remains stuck below the descending trend line and was recently rejected near the resistance level at 1,200 billion dollars. After this rejection, the price returned to the support level at 1,100 billion dollars, in addition to being positioned above the rising moving averages of 9 and 18:
📈 The alternative cryptocurrency market capitalization must bounce from the support level at 1,100 billion dollars.
Chart of alternative cryptocurrency market capitalization (3-day timeframe) – Subscribe to Trading View using our referral link.
For alternative cryptocurrencies to perform strongly, they must:
Stay above the support level of 1,100 billion dollars
Clear break of the descending trend line
Exceed the resistance level at 1,200 billion dollars
If buyers succeed in pushing the price to bounce in this way, the market capitalization of alternative cryptocurrencies could return to the resistance level of 1,400 billion dollars. From there, it could head towards the all-time high (ATH) at 1,710 billion dollars.
However, if the price fails to maintain support at 1,100 billion dollars, it is possible to return to the level of 950 billion dollars.