• Javon Marks predicts the altcoin market could surge to $2 trillion, fueled by strong bullish momentum and rising buying pressure.

  • The breakout from descending channel signals continued upward momentum for altcoins, with an 80.91% potential rise.

  • Key resistance levels at $1.04T and $1.87T could be tested as the altcoin market pushes higher, driven by sustained volume.

In late October 2024, the altcoin market showed significant bullish signs, according to analyst Javon Marks. The Total Alt-Market Cap ($TOTAL3) has been steadily climbing, with prices showing consistent growth. The research also indicates that this trend is probably going to continue, with the altcoin market perhaps pushing into a worth of $2 trillion. If this occurs, altcoins may have a far greater bullish momentum than has been seen in recent months.

https://twitter.com/JavonTM1/status/1860726644207489415 Positive Market Momentum

The chart for $TOTAL3 reveals a past downtrend, where prices consistently declined. However, a reversal pattern marked the beginning of a major rally. The market surged from lower levels, entering a phase of upward movement. 

This positive momentum continued despite a brief consolidation period within a descending channel. According to Javon Marks, the breakout from this channel marks the start of renewed bullish sentiment in the altcoin market.

Following the breakout, the market showed a measured movement that indicates a possible 80.91% increase, reaching higher valuation levels. As the market holds above the breakout point, it consolidates its gains, signaling the potential for further price increases. The RSI confirms these observations, showing bullish divergences during price declines. These divergences suggest that the market’s upward momentum is still strong and not showing signs of weakening.

Key Resistance Levels and Future Projections

The analysis highlights two major resistance levels, $1.04 trillion and $1.87 trillion. These levels represent potential areas where the price could face challenges. However, with the current bullish momentum and increasing volume, these resistance levels are likely to be tested. 

Volume bars show noticeable spikes during key price moves, supporting the idea of continued buying pressure. If the upward trajectory persists, the altcoin market could potentially reach the $2 trillion mark, as suggested by the analyst.

Due to a favorable market structure and growing momentum, the altcoin market is well-positioned to achieve additional gains. According to Javon Marks, the market will continue its upward trajectory and reach its next significant turning points. Since these will probably influence the market's future movements, investors should monitor important resistance levels and the current consolidation phase.

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