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📊 #ANALYSIS OF TOTAL MARKET CAPITALIZATION
The total market capitalization of cryptocurrencies is facing resistance at the upper boundary of an expanding descending wedge — a pattern often preceding volatility.
🔹 Support: The price is holding above the 21MA and 50MA, indicating a short- and medium-term bullish momentum.🔹 Resistance: The bounce from the trend line suggests that the bulls need to break this level to confirm the upward movement.
✅ Bullish scenario: Break above the wedge = potential start of an upward trend. ⚠️ Bearish scenario: Break below the moving averages = possible further consolidation or correction.
🎯 Watch for the upcoming price movement to confirm the direction.