The #TOTAL3 (crypto market cap excluding Bitcoin and Ethereum) is currently testing its last major resistance at the all-time high (ATH) zone. This critical level has traders and analysts on edge, as it could dictate the market's next big move.
Two Possible Scenarios:
Breakout Above ATH:
If TOTAL3 successfully breaks above this resistance, it could signal a major bullish phase for altcoins. A breakout would likely attract fresh capital into the market, leading to significant rallies across many altcoins ( #altseason ).Rejection at ATH:
On the flip side, if the resistance holds and TOTAL3 faces rejection, we might see a pullback or consolidation. This could result in a temporary cool-off in the altcoin market as traders take profits and await further confirmation.
What to Watch:
Volume: A breakout with strong volume confirms bullish momentum.
Bitcoin & Ethereum Movements: Their performance often dictates the direction of the broader market.
Macro Trends: Keep an eye on overall market sentiment and external factors like interest rates or regulatory news.
The crypto market thrives on speculation and surprises. Stay cautious, manage your risk, and be prepared for both scenarios! 🚀📉 What do you think? will we break it or retrace?