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#ALTS MARKET CAP ANALYSIS
The ALTS market cap is currently testing the descending triangle pattern, with a successful test potentially confirming a bullish trend. The 100-day moving average is acting as resistance just above the triangle, presenting a significant hurdle for upward movement.
Meanwhile, the 200-day MA indicates underlying bullish momentum, suggesting a positive outlook. We can anticipate a bounce from the triangle's support level, reinforcing the bullish scenario.
However, if the retest of the triangle's boundaries fails, further consolidation within the pattern is likely, indicating continued market indecision.
