#Alts MARKET CAP ANALYSIS

the ALTS market (which refers to alternative cryptocurrencies) is currently trying to break through a horizontal trendline. This horizontal trendline is acting as a resistance level, meaning that the price of ALTS has struggled to move above it in the past.

The analysis suggests that if ALTS can successfully break above this resistance trendline, it would be seen as a strong bullish confirmation. In other words, it would indicate that there is significant buying pressure and potential for further price increases.

Additionally, the analysis mentions that ALTS is in the process of retesting above the horizontal support. This means that after breaking through the resistance trendline, ALTS is now finding support at that previous resistance level, which has now turned into a support level. This is typically seen as a positive sign as it shows that previous resistance has turned into a new level of support, indicating further potential for upward movement in price.

The analysis concludes by stating that as long as ALTS can maintain its position above the horizontal support level, the expectation is for the bullish trend to continue. This means that if the price of ALTS stays above this support level, it suggests that buyers are willing to step in at that level, indicating strength and potential for further price increases.