irCryptoClub - TOTAL2 - AltCoinsMarket Cap

2022年5月11日

Altcoins Market Cap

By examining the market cap of Altcoins, the market volume has reached an important range and is above the medium-term support trend.

Due to the heavy decline in the market of Altcoins and the decline of Sharp, this important support range has been lost, and currently the only hope for a quick recovery of the market is to regain the green range before the daily candle.

Accordingly, assuming an increase in the share of Bitcoin in the total market volume in the coming days, stabilizing the # TOTAL2 index is above the higher range, and especially the green range is vital.

If the $ 640 billion range is lost and stabilized below this range, the Altcoins market could face a recession of several months, in which case it will definitely be followed by a positive wave that could result in a shift in volume towards bits. Kevin's market will enter a new downturn again.

Given the above, it is still possible to adjust prices to lower support, and entering the market at these prices, despite being attractive, will be associated with high risk.

be patient ...