Market analysis

Altcoins bottomed or expect another drop❓

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💎Today we will look at the TOTAL3 price action. TOTAL3 is a crypto market cap excluding the Bitcoin and Ethereum capitalization, which is providing the perspective for the Altcoin potential.

💎Back on February 24, TOTAL3 formed a double bottom at 600B, which is strong psychological support. Since then we can observe the price action within the ascending channel. Yesterday TOTAL3 tested and bounced off the bottom of the channel.

💎The low has been printed at 661B, and this might be the critical price to watch in the coming days. Because as long as daily close remains above this support, TOTAL3 will start moving up.

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