Altcoin Marketcap - Total 3 - Reject or Blast through?

As you can see in the chart I've plotted a potential movement of Total Market Cap 3

This movement would be possible only if from the demand area that we plotted is that we're going to see a strong price rejection, and break above higher

The break back in May 2022


Many might be trapped in those positions that's why approaching the nearby price we can see strong selling pressure

Initially there might be a squeeze that will make us blast through 583B

If not, then I'm expecting a double top or a strong rejection bearish candle and make us go lower again

What are your thoughts?

Let me know in the comment below!