• The total altcoin market cap dropped more than 1.8% in the past 48 hours.
• This recent drop in the altcoin market cap dragged the total down to key support.
• Technical indicators suggested that altcoin prices would continue to drop in the next 24 hours.

The collective market cap of the crypto market dropped 0.50% over the past 24 hours, according to CoinMarketCap. This brought the total down to around $1.13 trillion at press time. During this period, altcoins also took a bit of a tumble, with the total altcoin market cap dropping more than 1.8%.

The latest drop in the altcoin market cap dragged the total down to around $570 billion. As a result, it dropped below the 9-day and 20-day EMA lines on the daily chart, where it continued to trade at press time.

Technical indicators suggested that the total altcoin market cap would continue to drop in the next 24 hours, with the aforementioned 9-day EMA line trading bearishly below the 20-day EMA line. In addition to this, the daily RSI line was on the verge of crossing below the daily RSI SMA line. If this happens, it will trigger a significant…

The post Crypto Market Takes a Knock, Leaving the Alt Market Cap at Risk appeared first on Coin Edition.

• The total altcoin market cap dropped more than 1.8% in the past 48 hours.
• This recent drop in the altcoin market cap dragged the total down to key support.
• Technical indicators suggested that altcoin prices would continue to drop in the next 24 hours.

The collective market cap of the crypto market dropped 0.50% over the past 24 hours, according to CoinMarketCap. This brought the total down to around $1.13 trillion at press time. During this period, altcoins also took a bit of a tumble, with the total altcoin market cap dropping more than 1.8%.

The latest drop in the altcoin market cap dragged the total down to around $570 billion. As a result, it dropped below the 9-day and 20-day EMA lines on the daily chart, where it continued to trade at press time.

Technical indicators suggested that the total altcoin market cap would continue to drop in the next 24 hours, with the aforementioned 9-day EMA line trading bearishly below the 20-day EMA line. In addition to this, the daily RSI line was on the verge of crossing below the daily RSI SMA line. If this happens, it will trigger a significant…

The post Crypto Market Takes a Knock, Leaving the Alt Market Cap at Risk appeared first on Coin Edition.