Worried about holding Alts? Remember this chart!

9 Jun

The Alt market cap is currently showing strong support around the 1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds.

📈 Key Observations:

- Breakout from the descending channel indicates a bullish trend reversal.

- Support around 1.112T is crucial; maintaining above this level could lead to further gains.

- Watch the weekly close for confirmation of this trend.

Stay vigilant

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Thank you

#PEACE