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#ALTS MARKET CAP ANALYSIS
The alts market cap breaks down the descending triangle pattern and retesting below it. The Ichimoku cloud is indicating a bearish trend. A successful retest below the descending triangle would provide further confirmation of the bearish sentiment in alts.
RSI is in the oversold region and If the price reclaims the triangle, then this breakdown would be considered a false downward movement, and we can anticipate a reversal in alts.
