TOTAL2: Perfect Descending Channel

5 Eki

The TOTAL2 Index (Crypto Total Market Cap Excluding BTC), after producing a major bullish cycle, is moving within a perfect descending channel.

As it moves down, it retraced back all the way to the level it traded back in January 2024.
And we ask, how far down can it go?

The index shows all the Altcoins together. If we were to look at the pairs individually, some are trading pretty high while others are pretty low. Some moved first, while others stayed behind.

The Altcoins that went ahead are trading near the same prices they traded back in September 2023. This is the level we can expect this index to hit in the coming weeks.

Namaste.