📉 Total market cap excluding BTC:
Current price: $851.482 billion, in a descending triangle formation.
The breakdown of the structure into long was short-lived, the price rolled back down.
Key support: $830.83 billion (200-day EMA). If it breaks, the market could move to $824 billion.
Resistance: $882 billion (at the 0.618 Fibonacci level). If the market breaks this level, growth to $901 billion and higher is possible.
📊 Relative Strength Index (RSI): The current RSI value is 42.99. This indicates market weakness, but if the RSI remains above 40, a reversal is possible.
💡 Conclusion:
Support: $830 billion.
Resistance: $882 billion. A breakout of this level could lead to growth, but the market is currently under pressure from sellers.
🔥 Top 2 cryptocurrencies for the last 6 hours:
ISU: +1.46%
Hamster (HMSTR): +5,19%
📉 RSI for BTC and ETH: Both assets are showing weakness on short timeframes, where the RSI is below 40, indicating a possible correction.
🔎 Fear and Greed Index - 37 (fear), which signals investor wariness and possible accumulation phases.
📊 Altcoin Index - 16 (Bitcoin week), indicating Bitcoin dominance in the market and a decrease in activity in altcoins.
💰 Capital inflow and outflow:
Inflow in #ETH ($35,159M), POL and WBTC.
Outflow from #BTC ($58,653M) and STETH, signaling profit taking.
🔮 General conclusion:
Correction: 60% - the market is under pressure, further decline is likely.
Consolidation: 30% - stabilization between $830 and $882 billion is possible.
Growth: 10% - only when key resistance levels are broken.
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