As seen in previous analyzes, the overall market cap market was able to grow to a level of $ 2.2 trillion with good growth, which led to a significant increase, especially in the price of low-price altcoins.
But after the recent fall in the price of bitcoin, Market Cap has now reached below the ceiling of its previous price volume, which has been able to maintain its growth in the form of a short-term trend line.
If Market Cap can re-emerge from the purple range, it will be able to grow at least to the price ceiling of the above channel, and due to the market volume and bitcoin dominance conditions, it will easily lead to a price explosion in small altcoins. will be.
Of course, it should be noted that the general situation of the market depends on the trend of bitcoin prices, all these assumptions will be possible with the stability or growth of bitcoin prices.
Due to the recent price fluctuations and the sensitive range in which the market is located, be sure to use losses and capital management in all your transactions so that you do not suffer heavy losses in the event of a market collapse.