Crypto Market Cap (Others) – Ready for Breakout?
When it comes to trading or investing, for sure we all want the best return possible. With both BTC and ETH at or very near ATHs, most of us are naturally looking at lower cap alts for opportunities.
For this reason, let’s analyze the chart for Crypto Market Cap excluding Top 10 and stablecoins.
Note: Although since the 2021 bottom there have literally been hundreds of thousands of new coins launched, I still consider this chart highly relevant.
The recent price action is clear:
• Since the July bottom, “Others” has shown a timid but constructive recovery.
• A higher low was confirmed at the beginning of August.
• A tight consolidation is now pressing against resistance.
On the 2H chart, this consolidation looks very promising, with pressure building for a breakout. Technically, a move above 7.88% dominance could trigger acceleration toward 8.88%, and if the optimism holds, even a medium-term extension toward 12% is possible.
📈 Trading Plan:
Look for coins in the Top 100 (excluding Top 10) that already show bullish chart structures. Combining this with the strong setup in the “Others” chart could be a solid approach to maximize returns in this phase of the market.
For this reason, let’s analyze the chart for Crypto Market Cap excluding Top 10 and stablecoins.
Note: Although since the 2021 bottom there have literally been hundreds of thousands of new coins launched, I still consider this chart highly relevant.
The recent price action is clear:
• Since the July bottom, “Others” has shown a timid but constructive recovery.
• A higher low was confirmed at the beginning of August.
• A tight consolidation is now pressing against resistance.
On the 2H chart, this consolidation looks very promising, with pressure building for a breakout. Technically, a move above 7.88% dominance could trigger acceleration toward 8.88%, and if the optimism holds, even a medium-term extension toward 12% is possible.
📈 Trading Plan:
Look for coins in the Top 100 (excluding Top 10) that already show bullish chart structures. Combining this with the strong setup in the “Others” chart could be a solid approach to maximize returns in this phase of the market.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.