#ALTS MARKET CAP ANALYSIS
The ALTS market cap is currently undergoing a crucial retest above the symmetrical triangle pattern. The 100-day moving average is acting as a robust support level, reinforcing the market's upward momentum. Additionally, the Ichimoku cloud is signaling a bullish trend, further bolstering the positive outlook.
Given these technical indicators, an upward move is anticipated as long as the ALTS market cap maintains its position above the symmetrical triangle. The confluence of the 100-day moving average and the Ichimoku cloud support the likelihood of continued bullish behavior.
However, it is crucial to consider potential bearish scenarios. A sustained breakdown below the Ichimoku cloud would signal a shift in trend, undermining the bullish outlook and potentially leading to a significant decline in market cap.