‼️Altcoins are on the tightrope. ⚖️📉
The crypto market capitalization, excluding Bitcoin, has reached 1.62T USD, but the current resistance is testing the strength of the bulls.
📈 Key points of technical analysis:
▪️Moving averages (EMA 9, 20, 50, and 200): The trend remains bullish, but the support at 1.50T USD is crucial to avoid a larger retracement.
▪️Stochastic: At overbought levels, warning of a possible pause or correction in the short term.
⚠️If the market breaks 1.62T USD, the next target would be 1.7T USD. But if it loses 1.50T USD, we could see a drop towards 1.4T USD, where the EMA 200 awaits as FINAL support. 💯
⏰ The decisive moment is here. The balance between buyers and sellers will determine whether we see a new push or a deeper correction.
🔍 Resistances, supports, and technical signals warn us: the outcome is coming.
