#ALTS MARKET CAP #ANALYSIS

the alts market capitalization has experienced a significant increase in trading volume following the breakout of a previous high resistance level. This breakout has now transformed into a crucial support level for the market.

Currently, traders are attempting to surpass another resistance level indicated by a horizontal trendline. If the market successfully closes a candle above this level, it would provide strong confirmation of a bullish trend. On the other hand, if the market is rejected at this level, it is likely that a retest of the horizontal support will take place.

Overall, this analysis is highlighting the importance of these key levels in determining the future direction of the alts market capitalization. A successful breach of resistance suggests further upward movement, while a rejection could potentially lead to a retest of support.