TOTAL3 chart is in a clear Bearish Trend. The lower high – lower low pattern continues after the October peak. There was a sharp breakdown in the recent decline. The 0.786 ( approximately 765B) and 0.886 ( approximately 716B) Fibonacci levels were broken. Currently, the price is around 709B and is holding below 0.886. This indicates technical weakness.
On the chart, there is a bear flag pattern drawn in blue. The bottom, around 660B (1.0 fib), is the response zone, between 0.886 – 0.786. However, volume is weak and momentum is not strong. Such patterns are consolidation formations before a continuation of the decline. 👉 716B (0.886) → first strong resistance 👉 765B (0.786) → if not broken, the decline continues 👉 848B (0.618) → critical threshold for trend reversal 👉 659B (1.0) → support. Below this is a gap zone 👉 595B (1.13 fib) → second support 👉 524B (1.272) → extreme bottom #TOTAL3 decline indicates that money is leaving altcoins. Liquidity is shifting into stablecoins. As $BTC dominance increases, altcoins are experiencing sharp declines. If 659B is broken, #Altcoin / # BTC pairs will collapse more sharply. The major bottom usually forms in this panic environment. ⚠️ #advertisement or investment advice is not provided. This analysis is my personal opinion. It does not guarantee certainty.
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TOTAL3 chart is in a clear Bearish Trend. The lower high – lower low pattern continues after the October peak. There was a sharp breakdown in the recent decline. The 0.786 ( approximately 765B) and 0.886 ( approximately 716B) Fibonacci levels were broken. Currently, the price is around 709B and is holding below 0.886. This indicates technical weakness.
On the chart, there is a bear flag pattern drawn in blue. The bottom, around 660B (1.0 fib), is the response zone, between 0.886 – 0.786. However, volume is weak and momentum is not strong. Such patterns are consolidation formations before a continuation of the decline.
👉 716B (0.886) → first strong resistance
👉 765B (0.786) → if not broken, the decline continues
👉 848B (0.618) → critical threshold for trend reversal
👉 659B (1.0) → support. Below this is a gap zone
👉 595B (1.13 fib) → second support
👉 524B (1.272) → extreme bottom
#TOTAL3 decline indicates that money is leaving altcoins. Liquidity is shifting into stablecoins. As $BTC dominance increases, altcoins are experiencing sharp declines. If 659B is broken, #Altcoin / # BTC pairs will collapse more sharply. The major bottom usually forms in this panic environment.
⚠️ #advertisement or investment advice is not provided. This analysis is my personal opinion. It does not guarantee certainty.