The Total Altcoin Market Cap is now sitting back at the Daily 200MA and .618 fibonacci retracement level. It has been grinding lower since topping out in September where every rally has been sold off quickly. Key area here to watch. If it can retake the red zone, which has been acting as a strong support/resistance level for years, that is the sign of strength the bulls wants. If this sees no reaction here and just grinds lower then that is a sign of weakness.