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@coindata
#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a descending channel pattern and is currently facing rejection at the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the channel, indicating bearish momentum. Waiting for further price action developments is essential to confirm the next move. A breakout above the channel could signal a trend reversal, while continued rejection may lead to further downside.
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