Altcoin market cap (TOTAL2) is sitting on a multi-year ascending trendline that has been respected since mid-2022. Every touch of this trendline has triggered a strong bullish reversal โ and we are once again bouncing exactly from that level! ๐โจ
๐ข Key Bullish Signals:
3-year ascending trendline support holding perfectly
Price retesting the trendline + Ichimoku cloud support zone
Structure still in a higher-high, higher-low macro uptrend
Room to move upward before hitting the major resistance
๐ด Major Resistance Ahead:
The red zone around $1.7T โ $1.8T remains the biggest barrier.
This is the level where the last two altcoin rallies got rejected.
A breakout above this zone = REAL ALTSEASON CONFIRMED. ๐๐ฅ
๐ What Happens Next?
If the trendline bounce continues:
โก๏ธ Retest of $1.45T โ $1.5T
โก๏ธ Then a push to $1.7T+ (Major Breakout Zone)
A weekly close above $1.8T = Altcoins go parabolic.$ARB $ADA $OP
