#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is facing rejection from the horizontal supply zone of the ascending triangle pattern and is currently rebounding from the pattern’s support trendline.
The 100MA is providing support, while the 50MA is acting as a resistance barrier above the current price. A decisive breakout or breakdown is needed to confirm the next directional move. Keep a close watch on upcoming price action.
The total cryptocurrency market cap is facing rejection from the horizontal supply zone of the ascending triangle pattern and is currently rebounding from the pattern’s support trendline.
The 100MA is providing support, while the 50MA is acting as a resistance barrier above the current price. A decisive breakout or breakdown is needed to confirm the next directional move. Keep a close watch on upcoming price action.