TOTAL2 chart is back at resistance. Especially the blue ascending channel structure and the 0.5 Fibonacci level are aligned at the same point, and it has been moving in this squeezed pattern for weeks. This indicates that the current resistance is technically quite strong.

The most notable detail on the chart is the market’s recovery after a sharp drop in February, forming higher lows after hitting bottom. This pattern generally shows that capital is starting to flow back into altcoins. The lower band of the channel has also acted as support during each pullback.
Currently, the price is stuck around the resistance at approximately 1.06T. If this resistance is broken with strong volume,
* First, the upward trending channel will be confirmed.
* Expectations for an altcoin season in the market may accelerate.
* Aggressive moves could be seen in mid and low market cap coins that have been suppressed for a long time.
* They may start performing better than #Ethereum ekosistemi ve yüksek beta altcoinler #Bitcoin.
Technically, the first major target after breaking resistance is the upper 0.382 Fibonacci level, around 1.21T. Since this area was also a zone of heavy selling in the past, it could serve as an important magnet.
However, if the breakout fails;
* If a rejection occurs again from the 1.06T region, a pullback toward the lower band of the channel may happen.
* If the channel support is lost, the 0.618 Fibonacci support at 912B could be tested again.
* Especially if Bitcoin dominance starts to rise, pressure on altcoins could increase.
In short, the chart is currently at a decision point. A sustained close above 1.06T could trigger a new upward wave in the altcoin market. But if rejected, the market may remain sideways and volatile for a while.
The pattern is bearish and requires a decline, but there is never certainty in the crypto markets. So, we will wait and see. #Total2
⚠️ #advertisement or investment advice is not provided. This analysis is my personal opinion. It does not guarantee certainty.