The #TOTAL 2 market cap, which tracks the overall performance of alt coins, experienced a significant correction throughout October. This correction allowed alt coins to recalibrate, leading to a notable weekly close above a key resistance zone. Despite this positive weekly signal, the daily chart has started to show signs of turning slightly bearish, suggesting the possibility of a brief fake out. This could be a tactic to induce selling pressure, only to reverse and trap sellers, leading to further upside in the market. The current dynamics point to a moment of indecision, with the potential for alt coins to regain strength.

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