The total cryptocurrency market cap is consolidating within a descending channel pattern and is currently attempting to break the resistance trendline along with the Ichimoku Cloud barrier. A successful breakout could signal a shift toward bullish momentum.
However, if the price fails to break through, it may face rejection and move lower from this level. Watch closely for confirmation of the next move.
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#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a descending channel pattern and is currently attempting to break the resistance trendline along with the Ichimoku Cloud barrier. A successful breakout could signal a shift toward bullish momentum.
However, if the price fails to break through, it may face rejection and move lower from this level. Watch closely for confirmation of the next move.