$ALT Market Cap Analysis

The ALT market cap is consolidating within a falling wedge pattern—a bullish signal in technical analysis. The price action is being supported by the 200MA, a crucial level that is maintaining upward momentum. As long as the market cap stays above this moving average, the support strengthens, increasing the chances of a breakout.

If a breakout from the falling wedge is confirmed by a successful retest of the resistance turned support, we could see a major bullish rally in the ALTS market. This move would likely attract more capital into altcoins, boosting confidence and setting the stage for further gains.

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