MARKET CAP FOR ALTCOINS
If we go to the weekly chart, we can see that two weeks ago it touched a weekly (lower timeframe) in yellow for the first time. Also, it is holding the 200 MA.
If the market capitalization for altcoins break below line (3), we may not only going to see lower prices for different altcoins, but also there only will be one more monthly (support).
If the market capitalization for altcoins break above line (2), altcoins may gain momentum. We would see more altcoins increase their values.
If the market capitalization for altcoins, breaks above line (1), we may be seeing the start of a new bull market.
We will see.