The total cryptocurrency market cap has broken out of the descending channel and is now trading above the horizontal supply zone. Both the 100MA and 200MA are acting as strong support levels, indicating bullish strength. A confirmed candle close above this zone could signal further gains across the crypto market.
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#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap has broken out of the descending channel and is now trading above the horizontal supply zone. Both the 100MA and 200MA are acting as strong support levels, indicating bullish strength. A confirmed candle close above this zone could signal further gains across the crypto market.