This chart from TradingView, published by MrCryptoBTC, shows the total crypto market cap excluding Bitcoin and Ethereum. The market cap trend follows a downward trajectory marked by a black diagonal line that acts as resistance, with prices falling since mid-2024.

The chart also highlights a breakout pattern from this resistance line. After touching the green support zone (around the $535B-$566B range), the price has started to rebound. The blue curved arrow indicates a potential bullish reversal and recovery, suggesting that the market could rise sharply towards the $880B mark in the coming months.

The formation in early 2024, highlighted in red, shows a similar pattern where a downward trend was broken, leading to a strong upward rally. This current chart setup implies a similar scenario might unfold, signaling a potential significant market recovery.

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