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Altcoin Market Shows Bearish Correction with Key Support Levels

The total capitalization of altcoins (excluding Bitcoin and Ethereum) is adjusting after reaching a peak around 1.02 trillion dollars. Currently, it stands at 998 billion dollars, and downward pressure continues. The chart shows two scenarios, both of which are still bearish structurally. Key levels include: - 965 billion dollars: weak support, already under pressure - 915 billion dollars: strong accumulation zone, potential for a rebound - 825 billion dollars: deep correction level - 750-780 billion dollars: main demand zone, from where new trends could start - 1.18 trillion dollars: main growth target (liquidity + yearly high) The scenarios are: 1. Minor correction followed by growth—if 915 billion dollars holds, a rebound and trend recovery are possible, allowing altcoins to quickly regain positions. 2. Deep correction—breaking below 915 billion dollars could lead to a decline toward 825 billion dollars and below, opening real long-entry opportunities with a potential drop of 10-20%. Current phase is characterized as a correction; active long positions are not relevant. Optimal entry zones are below 915 billion, especially at 825 and 750 billion dollars. The key focus is on reactions at support levels rather than timing, acknowledging that a V-shaped reversal is unlikely, and bottom formation will take time.
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AI Analysis

The current market environment for altcoins indicates a period of correction following a significant peak near 1.02 trillion dollars in total capitalization. This decline is driven by macroeconomic fa...

AI Recommendation

Investors should avoid active long positions until clear support levels are confirmed. Monitoring reactions at the critical zones of 915 billion, 825 billion, and 750 billion dollars will provide bett...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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