📉 #TOTAL3 #Altcoin #MarketAnalysis
The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I anticipate that the total altcoin market cap could retest the low from April 13th and revert to the previous month's S3 level (🟢559B). This represents a potential further decline of about -7% from the current levels. For individual altcoins, this could mean another drop of -5% to -25%.
The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I anticipate that the total altcoin market cap could retest the low from April 13th and revert to the previous month's S3 level (🟢559B). This represents a potential further decline of about -7% from the current levels. For individual altcoins, this could mean another drop of -5% to -25%.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.