Market Cap Analysis of Altcoins #ALTS 📈
The market cap of the starting coins is trading within a falling wedge pattern, which is a bullish indicator.
The 200 days MA indicator acts as a support for the current price action, giving more upward momentum as long as this support is not broken.
In the event that the resistance trend line of the pattern is broken and the breakout is confirmed by a successful retest of the broken resistance, the altcoin market will gain strong upward momentum and the real recovery of the currencies will begin and investor confidence in altcoins will increase, which will lead to more liquidity injection. 🚀
