As the market cycle unfolds, altcoins are trading at critical levels that, if lost, could trigger deep declines. In today’s update, we’ll take a closer look at the broader market landscape to assess whether momentum is shifting and what that could mean for the weeks ahead.

Additionally, we’ll analyze key macroeconomic factors to offer a well-rounded outlook on what’s next for altcoins.

Here’s what we’ll cover today:

Let’s dive in!

Altcoins remain out of favor with investors during times of global market uncertainty, and the charts reflect this clearly. Both TOTAL3 and OTHERS, the primary altcoin indexes we use to gauge market conditions, continue to follow their respective downtrends that began in December of last year. After rejecting at key resistance levels, both indexes have now formed new lower highs. OTHERS has already retraced all of the gains made during last year’s end-of-year rally, while TOTAL3 still has roughly 20% room to fall before reaching the same point.