The Crypto Total Market Cap Excluding BTC (CRYPTOCAP) is currently testing a critical support zone at the 21-month Simple Moving Average (SMA). Historically, this moving average has acted as a strong dynamic support, marking significant market reversals and uptrends.
✅ Price is bouncing off the 21 SMA, similar to previous bull market cycles.
✅ The recent correction appears to be a healthy retest of support rather than a trend reversal.
✅ The formation of higher lows suggests bullish momentum building up.
✅ If price holds above this level, we could see a strong rally in altcoins, pushing the total market cap higher.
A successful bounce from the 21 SMA could trigger a bullish continuation, leading to a market expansion toward 1.6T - 2.3T levels in the coming months.
🔸 A monthly close below the 21 SMA could invalidate this setup, leading to a deeper correction.
🔸 Key support zone to watch: $900B - $950B
🔸 Breakout confirmation: Monthly close above $1.1T
If history repeats, this could be the perfect accumulation zone before the next major altcoin season! Keep an eye on the monthly close and volume confirmation for the next big move.
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Cheers
GreenCrypto
✅ Price is bouncing off the 21 SMA, similar to previous bull market cycles.
✅ The recent correction appears to be a healthy retest of support rather than a trend reversal.
✅ The formation of higher lows suggests bullish momentum building up.
✅ If price holds above this level, we could see a strong rally in altcoins, pushing the total market cap higher.
A successful bounce from the 21 SMA could trigger a bullish continuation, leading to a market expansion toward 1.6T - 2.3T levels in the coming months.
🔸 A monthly close below the 21 SMA could invalidate this setup, leading to a deeper correction.
🔸 Key support zone to watch: $900B - $950B
🔸 Breakout confirmation: Monthly close above $1.1T
If history repeats, this could be the perfect accumulation zone before the next major altcoin season! Keep an eye on the monthly close and volume confirmation for the next big move.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
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🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📢 Telegram Channel: t.me/getgreencrypto
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.