Top 10 Altcoins Show Strength With Impressive Price Rises
Technical indicators suggest an altcoin rally could be on the horizon. If the altcoin market cap fails to overcome the 9-day EMA line then it could drop back to $497 billion. Over the past day, ETH and SOL stood out after seeing price increases of more than 4% over the past day. The total altcoin market cap re-tested a key support level during the past week. However, bulls were able to defend the level, which resulted in mini gains in the altcoin market. Should the total clear the next key resistance level, altcoin investors may be able to enjoy a medium-term altcoin rally soon. Daily chart for the total altcoin market cap (Source: TradingView) The total altcoin market cap rebounded off of the key support level at around $497 billion in the past few days. Since then, it has climbed to as high as the 9-day EMA line on the chart. If the total is not able to overcome this EMA line in the next 48 hours, then it is at risk of retracing back to the $497 billion...