#ALTS MARKET CAP ANALYSIS

The ALTS market cap is currently consolidating within a descending channel and is rebounding from the support trendline. The Ichimoku cloud is acting as resistance just below the channel's resistance trendline.

A breakout above both the Ichimoku cloud and the channel's resistance trendline would indicate a strong bullish rally for the ALTS market. Conversely, a breakdown below the support trendline of the channel would signal further correction in the ALTS market.