📉 #TOTAL3 #Altcoin #MarketAnalysis
The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I anticipate that the total altcoin market cap could retest the low from April 13th and revert to the previous month's S3 level (🟢559B). This represents a potential further decline of about -7% from the current levels. For individual altcoins, this could mean another drop of -5% to -25%.
The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I anticipate that the total altcoin market cap could retest the low from April 13th and revert to the previous month's S3 level (🟢559B). This represents a potential further decline of about -7% from the current levels. For individual altcoins, this could mean another drop of -5% to -25%.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.