Observing the altcoin total market cap technical chart, it’s currently testing long-term ascending trendline support. If this support fails, it could signal a mid-term bear market for altcoins. Key indicators supporting this include a weekly MACD death cross, indicating bearish momentum, and persistently low trading volume, reflecting weak buying interest. A break below the trendline, combined with these signals, suggests sellers may dominate, pushing prices lower. However, confirmation requires monitoring for sustained volume decline and MACD divergence. If support holds, a reversal could still occur, but the risk of a bearish shift looms large with these technical warnings aligning.