Cryptocurrency Market Analysis for 09/30/2024
1. Market Cap and Chart Analysis
The cryptocurrency market cap chart (excluding #Bitcoin and #Ethereum) shows that the price is in a triangle squeeze pattern. The current situation indicates a possible test of the upper limit of this pattern. A decline to $625 billion is expected, where a stop is possible. With a rebound, growth to $650 billion is possible and further to $700 billion if the bulls take control.
Current data indicates a high probability of further correction, as capital inflows into key assets are insufficient to support growth. At the same time, consolidation at lower levels is possible.
#BTC #Ethereum #Solana #BNB#AVAX#TON#Tia#ADA#LTC #FTM #DOT#WLD#ORDI#BCH
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