#ALTS MARKET CAP ANALYSIS

The ALTS market cap is currently consolidating within a falling wedge pattern, a bullish indicator in technical analysis. The price action is being supported by the 200MA, which serves as a critical level, helping to maintain upward momentum. As long as the market cap remains above this moving average, the support strengthens the possibility of a breakout.

A successful breakout from the falling wedge, confirmed by a retest of the resistance turned support, could ignite a significant bullish rally in the ALTS coin market. This would likely attract more capital into altcoins, setting the stage for further gains and increased market confidence.