Four altcoins are flashing daily TD Sequential buy signals even as the broader cryptocurrency market remains under pressure, according to analyst Ali Charts in a post on X. The analyst identified potential rebounds for Ethena (ENA), Bittensor (TAO), Cosmos (ATOM), and Venice Token (VVV), with rebound targets of $0.20 for ENA, $280 for TAO, $1.60 for ATOM, and $24–$26 for VVV.

Ali Charts Flags Buy Signals on Four Altcoins

TD Sequential is a timing indicator developed by Thomas DeMark, designed to flag potential exhaustion points in a trend, with daily buy signals typically printing after stretches of sustained selling pressure.

According to Ali Charts, Ethena recently recorded a daily TD Sequential buy signal. The previous such signal appeared on October 20, before ENA gained 22%. The analyst is now watching $0.20 as a potential rebound target for the token.

Bittensor has likewise flashed a fresh daily buy signal. Its prior TD Sequential sell signal anticipated a local top, before TAO dropped nearly 34%. Ali Charts identified $200 as immediate support, with $280 as the potential recovery target.

Cosmos also recorded a new daily buy signal following its recent correction. The token's October 12 sell signal preceded a decline of approximately 30%. The analyst is watching whether ATOM holds $1.30 before a move toward the $1.60 target.

Meanwhile, Venice Token has produced another daily buy signal. Ali Charts noted that the indicator tracked several trend changes for VVV over the past month. The analyst identified $19 as support, with $24 and $26 as potential rebound targets.

Taken together, the indicator's recent record on these tokens cuts both ways — it flagged ENA's October rebound as well as the sell-side turns that preceded steep drops in TAO and ATOM — so each setup rests on its own follow-through rather than pointing one way across the board.

TOTAL3 Market Cap Extends Its Downtrend

Despite these individual signals, the TOTAL3 market capitalization chart shared on TradingView shows continued weakness. The metric, which excludes Bitcoin and Ethereum, declined from approximately $840 billion in early October to $727.74 billion by November 7. Because it strips out the two largest cryptocurrencies, TOTAL3 is widely used as a proxy for altcoin-market health, making its slide the backdrop against which the token-level setups above must develop.

The four-hour chart displays successive lower highs and lower lows, reflecting sustained selling pressure. The latest candle opened at $726.11 billion and closed at $727.74 billion, a $1.65 billion increase that represents a 0.23% gain on the four-hour timeframe.

RSI and MACD Maintain Bearish Readings

Technical indicators point to persistent bearish momentum. The relative strength index (RSI) stands at 39.60, below its moving average of 42.24 but still above the oversold threshold of 30 — leaving the gauge short of the sub-30 territory typically associated with exhausted selling. The MACD line sits at -$5.37 billion against a signal line of -$4.47 billion, while the histogram remains negative at -$895.91 million. Displayed trading volume stands at $340.38 billion.

TOTAL3 faces immediate support around $725 billion. Resistance is located at $740 billion to $750 billion, followed by $760 billion. How those aggregate levels evolve alongside the four token-level buy signals is the near-term setup to track, since the market-wide trend frames the environment in which the individual rebound targets sit.

Source: Cryptofrontnews