🚨 ALTS Market Cap Update 🚨
Altcoins recently broke out of a symmetrical triangle but are now struggling to push through a key horizontal supply zone. This zone is acting like a ceiling — and price just got rejected there.
📉 That said, the 21MA is currently holding strong as dynamic support, giving alts a bit of fuel to stay in the game. If we see a clean breakout above the supply zone, it could open the doors to a fresh rally and possibly new highs. 🆙
But keep in mind — the overall market still feels cautious. Bitcoin dominance remains elevated, and many altcoins are in a slow grind rather than a surge. We might need either a BTC cooldown or a narrative spark to really ignite the altcoin wave.
⚠️ Until then, watch for consolidation and fakeouts near resistance.
What’s your take — are alts loading up for liftoff, or just breathing before another drop?
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