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The alternative cryptocurrency (ALTS) market cap has surged, breaking its trendline support and finding reinforcement from the 100-period Moving Average (MA). The MACD indicator shows a bullish crossover, indicating potential momentum uptick. ALTS is currently within the Ichimoku cloud, suggesting market indecision. A breakout above the cloud would confirm bullish momentum, while rejection could lead to a test of trendline support. Despite the favorable outlook supported by the MA and MACD, the market awaits a decisive move above or below the Ichimoku cloud to guide future price action.
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