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#Altcoins are currently sitting on a key support region after losing the ascending triangle structure.
Despite the breakdown, the overall market cap is still holding inside a strong demand zone.
Another important factor is the 200MA just below price, which continues to act as a technical safety net for now.
As long as this area holds, the market still has room for a relief bounce and a potential shift back toward bullish momentum.
However, this level is critical.
If the altcoin market cap loses the demand zone and the 200MA support together, it could open the door for a deeper pullback across many altcoins.
For now, the structure is fragile but not broken. The next reaction around this support will likely decide the short-term direction for the alt market.
#Alts #crypto