Altcoins at a Turning Point: Key Support Levels to Watch

After last Friday’s massive crypto crash the uncertainty is still not over for ￰0￱ saw some more bearish price action, although a bounce off of a major ascending trendline did take ￰1￱ it up or down next for the altcoins? Total2 battle at strong support) shows that things are at a critical juncture right ￰2￱ week’s huge candle wick to the downside is generally very bullish and bears testament to the massive buying that came in as Total2 plummeted down to a seemingly impossible level in the space of just a few ￰3￱ said, the price could come back to fill in more of this wick before rising ￰4￱ just remains to be seen whether the smaller wick down from Tuesday’s bearish price action will have been ￰5￱ can be observed from the chart above, the current horizontal support level of $1.55 trillion is a very strong ￰6￱ the market cap price is starting to dip below, the trendline would likely hold, that is if the price does get back down there.

Finally, the bull market trendline (faint dotted line) would provide a last ditch defense for the ￰7￱ this broke and the price confirmed below, this would probably signal the end of this bull market for the altcoins. Total3 more bullish