Looks like weak hands have reached levels where they are freaking out, giving up, and shedding their overvalued alts into the market-just the beginning imo. Have a feeling there is going to be some clean up in the near future before there is any definitive bullish market state for alts or btc. Only time will to hell.
If it loses that support, there is a huge double top in play and I suspect that will take us down to .382 approx 700billion. Loses that crypto, across the board, is bear, imo.
*Beginning trader and technical analyst. This not financial or trading advice.