#total3
📷 Market Capitalization of Altcoins (TOTAL3) - Chart Analysis
The cryptocurrency market (excluding Bitcoin and Ethereum) on a 3-day timeframe shows key patterns. In early 2025, a descending triangle is forming, which is often bearish. In late April, the triangle broke upward, indicating the potential for altcoin gains. However, declining trading volume suggests buyer hesitation - a warning sign.
📷 Exponential Moving Averages (EMAs):
- 7-Day Exponential Moving Average (Short-term): ~852 billion USD
- 21-Day Exponential Moving Average (Medium-term): ~848 billion USD
The price is stuck between these two averages, indicating hesitation. A breakout above the 7-Day Exponential Moving Average, supported by trading volume, could lead to a price increase; failure to do so may result in deeper corrections.
📷 Support and Resistance:
- Resistance: 849 billion - 852 billion USD, with a key price at 925 billion USD
- Support: 832 billion USD, then 802 billion USD, then 780 billion USD
Maintaining 832 billion USD is crucial; losing it threatens lower support levels.
📷 Stochastic Relative Strength Index:
Near 24, close to oversold. Any bullish crossover may indicate market entry.
📷 Relative Strength Index (14):
At 54, neutral to slightly bullish. A drop below 50 may trigger a bearish wave.