Altcoin Market Rejected at All-Time High, One More Dip Expected Before Breakout
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- The altcoin market cap has been rejected at its all-time high of $1.1 trillion.
- Analyst Michael van de Poppe expects one more dip before a breakout.
- He identified support levels around $935 billion and $783 billion.
The altcoin market capitalization excluding Bitcoin and Ethereum faced a technical rejection at its all-time high this week, according to trader Michael van de Poppe. He expects one more dip before the market breaks resistance and moves into new record territory.
Altcoin Season Maybe Delayed by One More Dip
According to a chart shared on X, the total crypto market cap, excluding Bitcoin and Ethereum, stands at $1.05 trillion. The market tested resistance near $1.1 trillion, marking the same level as its all-time high, but failed to break through.
Related: Altcoin Season Index Retreats from Highs, Ethereum Correction Adds Pressure
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In This News
Coins
$ 64.19K
+1.52%$ 1.80K
+2.80%$ 0.00729
+2.69%$ 0.000399
$ 3.46
Predictions Markets
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