According to Cas Abbé, the Altcoin Market Capitalization (MCap) chart remains promising despite experiencing a major drawdown, which is atypical for the post-halving Q1. The 20-day Simple Moving Average (20SMA) continues to hold firm, historically serving as a bullish support line in previous cycles. This suggests potential optimism for traders as long as this key technical indicator remains intact. Traders should monitor this level closely in the coming days for further market direction insights. Source: Cas Abbé on Twitter.