TOTAL2 Crypto Market Cap – Weekly Chart Analysis (Altcoins Market Cap)
The altcoins market cap (excluding Bitcoin) is currently trading around $1.03T, holding above a major weekly support zone near $0.9T–$1T. This area previously acted as resistance and is now being retested as support.
The market is respecting a long-term ascending trendline, which shows the broader structure remains bullish.
Price is also holding above the 200-week moving average, a key indicator of long-term strength.
After the recent correction from the $1.6T resistance zone, the market is forming a higher low, which is constructive for continuation.
Support: $0.9T – $1.0T
Mid Resistance: $1.2T
Major Resistance: $1.6T
If the $1T support continues to hold, the altcoin market could build momentum for another push toward $1.2T and eventually retest the $1.6T resistance zone.
A strong breakout above $1.6T would likely signal the next major altcoin expansion phase, where many altcoins could see significant upside.
The altcoins market cap (excluding Bitcoin) is currently trading around $1.03T, holding above a major weekly support zone near $0.9T–$1T. This area previously acted as resistance and is now being retested as support.
The market is respecting a long-term ascending trendline, which shows the broader structure remains bullish.
Price is also holding above the 200-week moving average, a key indicator of long-term strength.
After the recent correction from the $1.6T resistance zone, the market is forming a higher low, which is constructive for continuation.
Support: $0.9T – $1.0T
Mid Resistance: $1.2T
Major Resistance: $1.6T
If the $1T support continues to hold, the altcoin market could build momentum for another push toward $1.2T and eventually retest the $1.6T resistance zone.
A strong breakout above $1.6T would likely signal the next major altcoin expansion phase, where many altcoins could see significant upside.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.