Expect Volatility for Altcoins: Key Levels to Watch
TOTAL3 (Total Market Cap excluding BTC and ETH) is currently oscillating between $1 Trillion and $1.1 Trillion, presenting a tight range that traders are closely monitoring. Here’s what could happen next:
1. Range Rebound: A dip to $1 Trillion with a strong bullish rejection at this support could drive the market to test the top of the range at $1.1 Trillion.
2. Breakout Opportunity: A successful breakout above $1.1 Trillion would signal bullish momentum, potentially lifting Altcoin Market to $1.2 Trillion and marking the continuation of Altseason.
3. Bearish Scenario: Failing to hold the $1 Trillion support level would likely trigger short-term bearish sentiment, pushing Altcoin Market cap down by approximately 10%, targeting $0.9 Trillion.
1. Range Rebound: A dip to $1 Trillion with a strong bullish rejection at this support could drive the market to test the top of the range at $1.1 Trillion.
2. Breakout Opportunity: A successful breakout above $1.1 Trillion would signal bullish momentum, potentially lifting Altcoin Market to $1.2 Trillion and marking the continuation of Altseason.
3. Bearish Scenario: Failing to hold the $1 Trillion support level would likely trigger short-term bearish sentiment, pushing Altcoin Market cap down by approximately 10%, targeting $0.9 Trillion.
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