MAY Altcoin request: Welcome to May From Recovery to OpportunityHi Everyone,
The storm of April has passed and with it, the weight of uncertainty that gripped global markets. As we enter May, the charts are beginning to flash green, sentiment is cautiously shifting, and risk appetite is gradually returning to the crypto space.
This isn’t just a relief rally—
Key data points
Previous close
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Open
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Day's range
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About Crypto Total Market Cap Excluding BTC, $
Bitcoin is quite a heavy-weight fighter which makes it difficult at times to correctly define how the crypto market is doing — it just outshines other coins, and you can't see clearly. Since Bitcoin presents such a huge piece of the crypto pie, excluding it from counting sounds reasonable and lets you see a more clear picture of where the crypto market is moving at the moment. That is what you can see on the chart we've prepared — calculated by TradingView, it displays global crypto market cap without Bitcoin's share.
Altcoin Market Cap at Critical Resistance
The total altcoin market cap (excluding BTC) is trading at a key structural resistance zone. While a breakout here could trigger a fresh wave of altcoin momentum, current price action remains capped below the region — suggesting caution and potential for continued consolidation.
Key Points:
- The
TOTAL2 / BTC - Majority of Alts Look BearishDon't shoot the messenger, but the MAJORITY of your Alts need to NUKE ~25% before Alt Season 🫨
This lines up with prior cycle support before Alt Season blastoff.
First step is to reclaim the EMA9, which they have failed to against BTC.
The lack of buying Volume supports this thesis for the trend
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.