TOTAL Analysis – Total Crypto Market Capitalization.
We have a very clear picture on the weekly timeframe:
• The market has been moving within a regular ascending channel since 2024.
• The ascending channel was broken sharply to the downside.
• The price is now retesting a pivotal support zone around 2.2T – 2.3T. This zone represents: a previous structural bottom, a clear demand zone, and the support level of a previous upward wave.
Possible Scenarios:
⭐️Positive Scenario: If the 2.2T zone holds and a clear bottom is formed, we may see a rebound targeting 4.11T and then 4.68T. However, this will require time and the formation of a new upward structure.
⭐️Negative Scenario: If there is a clear break and a weekly close below 2.2T, we will move into a deeper correction phase, and the decline may widen.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
TOTAL Analysis – Total Crypto Market Capitalization.
We have a very clear picture on the weekly timeframe:
• The market has been moving within a regular ascending channel since 2024.
• The ascending channel was broken sharply to the downside.
• The price is now retesting a pivotal support zone around 2.2T – 2.3T.
This zone represents: a previous structural bottom, a clear demand zone, and the support level of a previous upward wave.
Possible Scenarios:
⭐️Positive Scenario: If the 2.2T zone holds and a clear bottom is formed, we may see a rebound targeting 4.11T and then 4.68T. However, this will require time and the formation of a new upward structure.
⭐️Negative Scenario: If there is a clear break and a weekly close below 2.2T, we will move into a deeper correction phase, and the decline may widen.
$MIRA
{future}(MIRAUSDT)
$ZRO
{spot}(ZROUSDT)
$DCR
{spot}(DCRUSDT)