Hello guys, today I am sharing a chart on Total3. It is the total market cap excluding BTC & ETH. I am using 2 days timeframe for a better and clear picture.
The Total3 has drastically fallen -28% from the last November 2022. The price got settled at the low of $298.176B forming a lower supporting trendline at around $300B. With the current price holding at $318.6B and the recent scenario in the market, the $300B support level seems quite strong and soon a bounce back is expected. Until and unless, Total3 holds the lower supporting trendline, the expectation for a bounce back will still continue.
Key Points:
1. Support level: $300B.
2. Invalidation point: Price below $300B.
3. Bounce back range: $370B.
That's it from my end. More updates on this in the coming days.
Trade safely.
The Total3 has drastically fallen -28% from the last November 2022. The price got settled at the low of $298.176B forming a lower supporting trendline at around $300B. With the current price holding at $318.6B and the recent scenario in the market, the $300B support level seems quite strong and soon a bounce back is expected. Until and unless, Total3 holds the lower supporting trendline, the expectation for a bounce back will still continue.
Key Points:
1. Support level: $300B.
2. Invalidation point: Price below $300B.
3. Bounce back range: $370B.
That's it from my end. More updates on this in the coming days.
Trade safely.
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