Chart showing the market value of digital currencies except for Bitcoin and Ethereum.
Trading is now taking place within a descending channel, rebounding from the support trend line and now in the direction of testing the resistance trend line. If we succeed in breaking the resistance trend line, we will see a strong recovery in altcoins.
The peaks that the currencies reached in March were all this and we did not even come close to the market value in the previous cycle, which had less liquidity than this cycle. The altcoin season has not started yet, but when it does 🚀
But then beware of greed and book your profits and exit the market so that the market makers do not liquidate and the cycle ends and you are stuck in the currencies. No one knows the peak, so do not wait to reach the peak to sell
