#TOTALMARKETCAP update 📊

The #altcoins market cap is undergoing a retest above the descending triangle while encountering resistance at the MA 200.

Currently, it is in a consolidation phase and trading below the Ichimoku cloud.

Anticipated is a rebound following further liquidity absorption from the descending trendline.

A strong #breakout of both the MA 200 and the Ichimoku cloud would confirm a bullish sentiment in the altcoins market.

#altseason #crypto2023 $BTC $ETH $SXP