Decreased volatility in Bitcoin (BTC) paved the way for altcoin market cap (TOTAL2), where can altcoins next stop?
The altcoin market cap (TOTAL2), which started a downtrend with the sanctions of the SEC, started to move upwards by receiving a reaction from a critical support zone. At the same time, TOTAL2, which is approaching the resistance area, may continue to pose a danger to the crypto industry as long as it is rejected from this value. Companies that step back from altcoins may magnify the effects of the possible scenario. But what does the data show for altcoin market cap?
Altcoin Market Cap (TOTAL2) Analysis
TOTAL2, which started to fall sharply from $ 550 billion, found support at $ 500 billion and set off for the next resistance. TOTAL2, currently just below the resistance zone, could target a market cap of $550.80 – $593.84 and $613.12 billion, respectively, if it exceeds $527.82 billion. In this case, there will be serious increases in altcoins.
The continuation of the fud news feed, the escalation of the problems in the exchanges and the strict attitude of the regulators may continue to affect TOTAL2. In this scenario, the support levels that can be followed for TOTAL2 are $491.66 – $466.68 and $430.42 billion, respectively.
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