Have Altcoins Hit Bottom? Ripple (XRP), Solana (SOL), and Thorchain (RUNE) at Breakout Levels | Headlines | News | CoinMarketCap
03/14/2025 19:26
With Bitcoin on the verge of a breakout (or rejection), the altcoins are starting to stir. The altcoin market cap could already have bottomed. Will …
Crypto Daily™22 minutes ago
Published on March 14, 2025 12:02 GMT+00:00edited on March 14, 2025 12:04 GMT+00:00
With Bitcoin on the verge of a breakout (or rejection), the altcoins are starting to stir. The altcoin market cap could already have bottomed. Will Ripple (XRP), Solana (SOL), and Thorchain (RUNE) be among the first to reverse the downtrend?
Total2 bounce could be the start of the altcoin trend reversal
Source: TradingView
Total2 tracks the combined market cap of all the cryptocurrencies, excluding $BTC. In this chart it can be seen that the price went down to touch the 0.786 Fibonacci level, which is the deepest of these levels. A bounce has ensued, and it remains for the altcoin bulls to push the price up above the current strong resistance level in order to complete the next stage towards reversing the downtrend.
$XRP approaches breakout
With the proviso that …