⚠️ In the latest market analysis, Altcoins are showing mixed signals that reflect both opportunities and potential short-term risks. In the 1000CAT/USDT (4H) chart, a consolidation pattern with an ascending channel formation is observed. Key resistance is at $0.04019, while immediate supports are at $0.03819 and $0.03598. If the price fails to break the resistance, it could face a significant drop.
🔥 On the other hand, the Total Crypto Market Cap Excluding BTC (4H) chart shows a descending triangle acting as a bearish continuation pattern. Currently, the total market stands at $1.37T, with significant resistance at $1.41T. If this level is not surpassed, the market could plummet to $861B.
⚡ We are at a critical moment. Altcoins are caught between buying interest and increasing bearish pressure. The upcoming week will be decisive to confirm the direction the market will take.