#MarketCap Analysis #ALTS
(Altcoins)
ALTS market cap is currently consolidating within a symmetrical triangle, indicating a period of indecision and the potential for a major move once a breakout or breakdown occurs. The Ichimoku Cloud acts as a major resistance barrier, with price action repeatedly facing rejection from its upper boundary. This resistance increases uncertainty, suggesting that a decisive move above the cloud could signal a bullish breakout, while a breakdown below the triangle could confirm a bearish trend. Traders should watch closely for any clear breakout or breakdown, accompanied by strong volume, to confirm the next direction of ALTS market cap.
