If we consider the market for pure alts, without the top 10 market caps, then we can trace a pattern at the beginning of which we are now in this cycle
If you look at the chart, you can see the first phase of pumping, then the correction, indicated by the blue area, together with the trend Ema shows that the total volume after this correction increased significantly, and if you trace the trend of the cycles using the Fibo, you can see that two cycles were adjusted globally to the area of 0.382 according to Fibo, accordingly, if you throw the expansion beyond the high, you can expect an increase in volume to the same values only in a mirror form -0.236 and -0.382
this structure was clearly repeated twice, and this time the correction was also to the values of 0.382
and if you look at the situation now, you can see how the volume is being bought up, and based on the expansion, you can expect an increase in alts by 600% from the current ones, or in the equivalent of $1.7t. now this value is 275B
If you look at the chart, you can see the first phase of pumping, then the correction, indicated by the blue area, together with the trend Ema shows that the total volume after this correction increased significantly, and if you trace the trend of the cycles using the Fibo, you can see that two cycles were adjusted globally to the area of 0.382 according to Fibo, accordingly, if you throw the expansion beyond the high, you can expect an increase in volume to the same values only in a mirror form -0.236 and -0.382
this structure was clearly repeated twice, and this time the correction was also to the values of 0.382
and if you look at the situation now, you can see how the volume is being bought up, and based on the expansion, you can expect an increase in alts by 600% from the current ones, or in the equivalent of $1.7t. now this value is 275B