Altcoins (TOTAL3) – Breakout Imminent After Fed Rate Cut?

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About TOTAL3: TOTAL3 tracks the market cap of all altcoins excluding Bitcoin and Ethereum. As the Fed slashed rates by 50 basis points, liquidity is moving into riskier assets, especially altcoins, which are poised for a breakout.

Impact of Rate Cuts: Lower rates mean greater liquidity in the market. Investors are looking for high-growth potential, and altcoins are at the forefront. Historically, easing financial conditions favor speculative assets, making altcoins a solid bet in the coming months.

Entry Point: TOTAL3 sits near $600 billion, just above strong support around $580 billion. A move above the breakout level at $939 billion could set the stage for a massive bull run, with a primary target of $1 trillion and a maximal extension around $1.384 trillion.

📊 Technical Levels:

Support: $580 billion
Breakout Level: $939 billion
Primary Objective: $1 trillion
Maximal Extension: $1.384 trillion
A breakout from the current consolidation could see TOTAL3 surge in line with broader altcoin momentum. The Fed’s rate cuts further enhance the bullish case for altcoins, making this an exciting time to be in the market.

If you like altcoins, perhaps it’s time to diversify with AI + Crypto unicorns like CRGPT.

One Love,
The FXPROFESSOR 💙