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.

Bullish Scenario: In a bullish case, the indexes begin showing strength by reclaiming key levels and potentially shifting market structure. For TOTAL3, that would mean reclaiming both 716B and 780B. OTHERS would ideally show a bounce off current support and target the previous key area at 240B. The best-case scenario would be for OTHERS to reclaim and hold above that level, potentially accumulating ahead of another bullish leg, same goes for TOTAL3 above 716B and 780B.

Bearish Scenario: In a bearish case, the indexes simply continue their existing trends, likely forming new lower highs after this recent sell-off. TOTAL3 could revisit 780B but face another rejection, sending it back down toward 640B. It’s also possible for the current sell-off to continue without relief, especially given the ongoing concerns around tariffs and global markets. If OTHERS does bounce here, it could target 240B for a potential lower high; in a worst-case scenario, it continues its decline without a bounce, targeting the key level at 160B.