#Altcoins : The Altcoin market cap (TOTAL2) has now closed below the weekly 55 SMA . The weekly 55 SMA, currently at ~$1.31T, is the first major resistance/hurdle.

If altcoins manage to reclaim and hold above $1.31T on a weekly closing basis, we could see a sustained relief rally toward $1.51T, followed by another potential sell-off and a retest of the lows.

If TOTAL2 fails to recover above the weekly 55 SMA in the coming weeks, the $1.09T support is likely to break soon, leading to a new all-time low in altcoin market cap. That scenario would be disastrous for most altcoin holders. #Total2