🚨🏛️ THE CAPITALIZATION OF #Altcoins MUST KEEP THE 1.1 TRILLION DOLLARS

📈 If we look at the capitalization of altcoins, we notice that it has been showing an upward dynamic since the beginning of 2023. Only, after returning to the short reloading zone (0.618-0.786 retracement of #Fibonacci ) , the sellers took over. In fact, the correction brought capitalization below $1,000 billion. And since then, buyers have had the upper hand.

📊 Nevertheless, the price stuck at the resistance level at $1.2 trillion. Now, the price is moving around the support at $1.1 trillion, at the level of the bullish institutional bias (EMA 9/EMA 18). Here is what we would like to see on the course.

1. Maintaining support at $1.1 trillion

2. A rebound towards resistance at $1.2 trillion

3. A break of resistance at $1.2 trillion and a close beyond the last high at $1.27 trillion. A close like this would likely allow the price to return to the latest highs of 2021.

🔷 On the other hand, if this scenario is annihilated by sellers and the support at $1.1 trillion gives way, a return to $950 billion is possible. #RSI needs to rebound and grow above 60 for buyers to regain momentum.