Market-Wide DropâCrypto Cap Falls 4%, Altcoins Tank Harder! đđ„
â ïž Crypto Market Slips! Total Cap Down 4%, Altcoins Get Hit the Hardest đđ±
Yesterdayâs market correction wasnât just for the majorsâtotal crypto market capitalization dropped over 4%, with altcoins taking the biggest blow. Ethereum and Solana both slid more than 10% from recent highs.
The sharp fall followed a âshooting-starâ pattern on the charts, signaling a potential topping of the August bull run.
Altcoins, notably, led the descent, forming a double-top pattern, with bearish Divergences visible in RSI and MACD indicators.
Analysts warn that unless support at $3.26Tâ$3.47T total cap holds, deeper correction could be in play; but a short-term relief bounce could return price to the $3.8T resistance zone.
This dip is a bellwether: correction or consolidation? Nowâs the time for cautious entry.
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