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@tengen-uzui
Hi guys we are here with total Market cap analysis! The total cryptocurrency market cap is consolidating within a descending channel, with the 200MA acting as a resistance barrier just below the channel's resistance trendline. A breakout above both the 200MA and the channel would signal a shift toward bullish momentum. However, the market cap is currently losing momentum, suggesting potential weakness. It’s crucial to watch for further price action developments to gauge the next move. Keep an eye on it.
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@emmett
Was useful! Thanks.
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