After observing the chart of the total market capitalization of alts, I found that it has been falling for six consecutive weeks and is now nearly close to the ATL. If it can hold the previous low without breaking, it is very likely to usher in a significant Rebound. It is worth noting that some alts have recently shown strong resilience in the market, such as AAVE, MKR, BCH, and UNI, which may indicate that the altcoin market is about to warm up.

Personally, I hope to see at least a small-scale altcoin rally similar to the end of last year. After all, these projects have already experienced a six-month fall, and the market needs a certain degree of adjustment and repair. A moderate rebound seems reasonable.

The cyclical changes in the crypto market are normal. Focusing on projects with fundamental support at the current position may bring new opportunities to the investment portfolio.