#ALTS MARKET CAP ANALYSIS
The ALTS market cap is experiencing a significant rebound from the support trendline of the descending channel, signaling potential bullish momentum. This rebound is currently facing resistance from the Ichimoku cloud, which is acting as a barrier.
However, the 200-day Moving Average is providing strong support, further indicating a bullish trend.
A decisive breakout above both the Ichimoku cloud and the descending channel would likely trigger a robust bullish rally in the ALTS market, suggesting substantial upward movement and positive investor sentiment.
