Crypto Total Market Cap (Excluding BTC & ETH) - TOTAL3 Analysis
The TOTAL3 market cap is currently moving within a descending channel pattern. After testing the lower boundary, the market is showing signs of recovery, trading at $986.21B, with a notable +2.71% increase.
Channel Formation: The price action respects the descending channel boundaries, creating potential swing trading opportunities.
Potential Reversal: The recent bounce near the lower boundary suggests a possible attempt to break the midline or test the upper resistance of the channel.
Watch Levels: A break above the upper trendline could signal a bullish breakout, targeting $1.1T, while failure to hold current levels may lead to retesting the lower boundary around $900B.
The TOTAL3 market cap is currently moving within a descending channel pattern. After testing the lower boundary, the market is showing signs of recovery, trading at $986.21B, with a notable +2.71% increase.
Channel Formation: The price action respects the descending channel boundaries, creating potential swing trading opportunities.
Potential Reversal: The recent bounce near the lower boundary suggests a possible attempt to break the midline or test the upper resistance of the channel.
Watch Levels: A break above the upper trendline could signal a bullish breakout, targeting $1.1T, while failure to hold current levels may lead to retesting the lower boundary around $900B.
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