Altcoins Could Rally Big But Under These Conditions
📊 Market Cap Growth:
🔺 From January to March, the total cryptocurrency market cap increased by 81.36% to $2.721 trillion, but has since fallen by 30.41%. The ascending triangle pattern suggests that the market could be about to enter a strong bull run.
📊 Key Levels:
🔺 If the $1.928 support level holds, it could push the cryptocurrency market to new highs. If not, the next support level is $1.661, a key area in previous rallies. If both levels fail to hold, the market cap could fall to $1.195 trillion.
📊 Bullish Signs:
🔺 Analyst Moustache says altcoins have broken out of a falling wedge and inverted head and shoulders pattern, a sign that an altcoin rally is coming.
📊 Role of #Solana:
🔺 SOLANA (SOL) is predicted to be one of the altcoins that will benefit greatly from this rally.
