As the market cycle unfolds, altcoins are clinging to critical support levels, levels that, if lost, could trigger deeper 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 continue their respective sell-off, following overall market sentiment, uncertainty, and weakness. The TOTAL3 (Crypto Total Market Cap Excluding BTC and ETH) and OTHERS (Crypto Total Market Cap Excluding Top 10) indexes, the main charts we use to assess general altcoin market trends, both moved lower over the past days. TOTAL3 faced rejection on a retest of the major key area at 780B and sold off sharply, breaking through support at 716B as well. TOTAL3 is currently trading within a textbook downtrend, forming consecutive lower highs and lower lows on the daily chart. OTHERS is now sitting at key support around 190B, though it’s important to note that it already wicked below and has taken out the lows of November 2024, signaling weakness.