The altcoins market, as measured by TOTAL3, has experienced notable technical developments, including a breakout from a falling wedge pattern and an oversold condition indicated by the Relative Strength Index (RSI) dipping below 30. This suggests potential undervaluation and a potential shift in momentum. Technical analyst Moustache has observed a completed inverse head-and-shoulders formation. The breakout from the falling wedge, along with increased RSI levels, confirms upward momentum and potential recovery. TOTAL3 has retested the upper boundary of the falling wedge, further supporting the breakout and reducing the likelihood of a false move. Additionally, an inverse head and shoulders pattern is forming, indicating a possible trend reversal. These technical factors suggest that the altcoin market may be leaving bearish conditions behind and could move towards higher price levels in the near future.



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