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Altcoin Market Cap Update!
The total market cap is still trading inside a clear descending channel and is now approaching the upper trendline resistance again. Price is also sitting just below the $2.5T–$2.6T zone, which has been acting as a key resistance area.
So far, there’s no strong breakout, just another reaction at resistance. As long as the market stays below this zone and inside the channel, the overall structure remains weak.
If we see rejection here, the market could rotate back toward the $2.1T support area. For now, it looks like another lower high forming rather than a trend reversal.
DYOR. NFA
#Crypto