- The forthcoming FOMC meeting is expected to combine with technical points which may steer short-term altcoin price movements.
- Market support reached a crucial point at $2.5 trillion since the market completed its breakout and retest phase.
- Market activity has created a consolidation area which mirrors the 2020 pre-rally movement when resistance levels break downwards.
As the Federal Open Market Committee (FOMC) prepares for its next announcement, attention has turned to the altcoin sector with the Total Cryptocurrency Market Cap illustrating patterns similar to 2020.
According to a visual analysis by @el_crypto_proj, the current market structure resembles the setup seen before the 2020–2021 bull run. The chart marks a downward break of resistance that led to a period of trading within a stable price region which matches earlier patterns that preceded major price rises.
On the weekly chart,a descending price pattern has completed its breakout while price now rests at a crucial support point. This positioning reflects the market’s state in early 2020, when the total cap hovered under a breakout level before a strong upside rally.
FOMC Timing and Key Market Cap Retest
The timing of the FOMC meeting further adds weight to the current structure which shows a comparable horizontal level forming the foundation for recent price activity. Thus,the 2025 structure requires multiple corrective phases and distribution period extensions before proceeding with its breakout test phase.
The market cap is currently testing the $2.5 trillion mark while this level appears as major resistance.Currently,price activity in this area functions as support which might signal the beginning of a price reversal up or down as the market continues.
Altcoin Market Holds as Support Faces FOMC Test
With most altcoins included in the total cap, this structure affects a wide portion of the market. As in 2020, consolidation above key levels often preceded broader rallies across non-Bitcoin assets.
The sustainability of this support level at $2.5 trillion would lead to stable conditions throughout the altcoin market.Total Market Cap metrics across 2020 through 2025 establish an identifiable connection between macro events and time-based observations.With macro conditions now in focus, all attention turns to the FOMC decision due tomorrow with some analyst expecting a 97.6% probability favoring no change.
