Crypto Altcoin market cap - daily chart view

TOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.

For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board.

I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market.

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Cheers
GreenCrypto