Wow, the market capitalization of altcoins is just a breath away from breaking the historical record! 🚀 If it breaks through, the crypto market could unleash.
Watch out, because this is big news! Altcoins, those cryptocurrencies that are not Bitcoin, are just about to reach their all-time high. And amidst this tension, who is shooting up? None other than Cardano ($ADA), with an increase of over 12% in a single day. This is not just a simple movement, it's an earthquake in the crypto ecosystem!
Here's the thing: the indicator we use to see how altcoins are doing, Total2,
has just broken a descending trend line that it had been dragging since its last record of $1.71 trillion. It has now paused at $1.69 trillion, just a step away from glory. It's like it's gaining momentum for the ultimate leap. 📈 Analysts are beside themselves with excitement because technical indicators, like the stochastic RSI, are showing super positive signals. Everything points to the possibility of a giant movement soon.
And in this scenario, Cardano (ADA) is not falling behind. Its price soared above its own descending trend line and brushed against the key resistance of $1. Although it has now pulled back a bit, experts are keeping a close eye, wondering if this momentum will be enough to break that barrier and kick off the bullish rally. If ADA manages to surpass that dollar, things are going to get good.
But not everything is smooth sailing. ADA's journey back to its all-time high is still long. There are two important resistances it needs to overcome on its weekly chart. However, the same technical indicators that are exciting everyone with Total2 are also giving positive signals for Cardano, suggesting that the momentum to break those barriers could be just around the corner.
The crypto market is at a critical point, anticipating a possible boom. Will this be the moment when altcoins explode and show us what they're made of? And will ADA be the leader of this party? The next move will be key.
