#TOTAL MARKET CAP ANALYSIS
The total crypto market cap is consolidating inside a rising wedge pattern, currently trading above the support trendline. The 21MA is acting as support, suggesting a possible bounce from this level.
On the other hand, a breakout above the wedge would invalidate the pattern and could pave the way for a new ATH. Keep an eye on the next move.
#TOTAL MARKET CAP ANALYSIS
The total market cap pumped significantly with high volume following a successful retest of the descending triangle. It broke past the previous high resistance, with bullish candle closes above it.
A continuation of the bullish trend is anticipated from this point onward or following a successful retest of the horizontal support in the event of a retracement.
#TOTAL MARKET CAP ANALYSISThe total market cap pumped significantly following the successful breakout and retest of the descending triangle. Moreover, it breached the horizontal resistance, which will now serve as a support level. A successful retest above this horizontal support would confirm a bullish trend. However, if the price dips below the horizontal support, it could indicate a market retracement.
