In December 2017, altcoins reached an all-time high, followed by a sharp correction of 50%. Despite this decline, the market soon experienced a massive recovery, with the total capitalization of altcoins soaring around 200% from its low point and reaching its peak on January 5, 2018.

If we look at the current market, altcoins have corrected by 25%. If the historical pattern continues, the correction could deepen until the market finds short-term support near the 200-day EMA. This could cause a short rebound ("dead cat bounce") before further decline to a stronger support level, around $580-590 billion in total market capitalization. This move would be in line with the 50% correction observed in 2017.

If the market forms a solid base at this level and reflects the 2017 trend, the next rally could cause altcoin capitalization to increase by 190%, pushing the total market capitalization to around $1.7–1.8 trillion. This potential surge could mark the next altcoin season, with the peak of the rally likely to occur in January, consistent with the previous cycle.

#TopContentChallenge#USJoblessClaimsFall #MarketPullback #USJoblessClaimsFall $XRP $BTC $SOL