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#ALTS MARKET CAP ANALYSIS
The altcoin market cap is currently trading above a key horizontal demand zone after breaking down from the ascending triangle pattern.
The 200MA is acting as strong support beneath the current price action.
As long as this level continues to hold, we can expect a potential upward rally.
However, a breakdown below both the demand zone and the 200MA could trigger a deeper correction across the altcoin market.
#95%ofAltsBelow200-daySMA