{"id":36208,"date":"2025-02-07T15:30:13","date_gmt":"2025-02-07T12:30:13","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36208"},"modified":"2025-02-07T15:15:36","modified_gmt":"2025-02-07T12:15:36","slug":"altcoins-continue-their-downtrend","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/altcoins-continue-their-downtrend\/","title":{"rendered":"Altcoins Continue Their Downtrend"},"content":{"rendered":"<p>Uncertainty in the cryptocurrency market has been negatively impacting altcoins in recent days. <strong>TOTAL3<\/strong>, the index representing the total market capitalization of altcoins excluding <strong>Bitcoin<\/strong> and <strong>Ethereum<\/strong>, is still in a downtrend. Currently trading around <strong>$875 billion<\/strong>, the index is struggling against a significant resistance level. If the selling pressure persists, altcoins may face further declines.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/altcoins-continue-their-downtrend\/#Downtrend_Continues_Key_Levels_to_Watch\" title=\"Downtrend Continues: Key Levels to Watch\">Downtrend Continues: Key Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/altcoins-continue-their-downtrend\/#Whats_Driving_the_Decline\" title=\"What\u2019s Driving the Decline?\">What\u2019s Driving the Decline?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Downtrend_Continues_Key_Levels_to_Watch\"><\/span>Downtrend Continues: Key Levels to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From a technical perspective, <strong>TOTAL3<\/strong> is clearly following a downtrend on the four-hour chart. If this trend does not break to the upside, a pullback towards <strong>$845 billion<\/strong> could be expected in the coming days. However, if the downtrend is broken, the first target to watch will be the <strong>$950 billion<\/strong> <strong>order block<\/strong> level. This level is considered a crucial threshold for altcoins to regain momentum.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-36217 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb.png\" alt=\"\" width=\"1780\" height=\"811\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb.png 1780w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb-300x137.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb-1024x467.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb-768x350.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/TOTAL3_2025-02-07_15-05-30_6f3eb-1536x700.png 1536w\" sizes=\"auto, (max-width: 1780px) 100vw, 1780px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whats_Driving_the_Decline\"><\/span>What\u2019s Driving the Decline?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market uncertainty is not only driven by technical factors. The price movements of <strong>Bitcoin<\/strong> and <strong>Ethereum<\/strong> have a direct impact on altcoins, and <strong>BTC<\/strong>\u2019s failure to break key resistance levels has led to a loss of confidence in the altcoin market. Additionally, macroeconomic developments are reducing risk appetite in the crypto market. Uncertainty regarding the <strong>U.S. Federal Reserve (FED)<\/strong>\u2019s interest rate policies is causing investors to act cautiously.<\/p>\n<p>Furthermore, liquidity issues in the market are becoming more apparent. Large investors are opting to stay on the sidelines instead of making new purchases, and declining trading volumes are making the altcoin market even more fragile. Additionally, increasing regulatory pressures from the U.S. and European authorities are further dampening investor sentiment.<\/p>\n<p>For now, the market remains uncertain, and investors should closely monitor critical support and resistance levels. How <strong>TOTAL3<\/strong> reacts around the <strong>$875 billion<\/strong> level will be a key factor in determining the direction of altcoins.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uncertainty in the cryptocurrency market has been negatively impacting altcoins in recent days. TOTAL3, the index representing the total market capitalization of altcoins excluding Bitcoin and Ethereum, is still in a downtrend. Currently trading around $875 billion, the index is struggling against a significant resistance level. If the selling pressure persists, altcoins may face further<\/p>\n","protected":false},"author":28,"featured_media":33744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,657],"tags":[563,61,60,2702,467,105,11530,640,11532,11533,10581,11531,8131],"class_list":["post-36208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-en","tag-altcoins","tag-bitcoin","tag-btc","tag-cryptocurrency-market","tag-elon-musk","tag-ethereum","tag-european-authorities","tag-fed","tag-liquidity-issues","tag-regulatory-pressures","tag-total3","tag-trading-volumes","tag-u-s-federal-reserve"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Altcoins Continue Their Downtrend - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/altcoins-continue-their-downtrend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoins Continue Their Downtrend - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Uncertainty in the cryptocurrency market has been negatively impacting altcoins in recent days. 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