#ALTS MARKET CAP ANALYSIS
The ALTS market cap has broken out of a falling wedge pattern, signaling a potential trend reversal. However, it is currently facing rejection from a key horizontal supply zone and is beginning to form a possible double top pattern, which could indicate short-term weakness. This suggests a potential correction in the near term.
On the positive side, the Ichimoku Cloud is providing support below the price action. A breakout above the supply zone would invalidate the double top formation and confirm continuation of the bullish momentum.