#TOTAL MARKET CAP ANALYSIS

in crypto •  last year 

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#TOTAL MARKET CAP ANALYSIS

The Total market cap bounced with a decent volume from the horizontal support and breakout the MA 50. Presently, it is encountering resistance from the Ichimoku cloud.

To confirm a bullish scenario, we would require a successful retest of the MA 50 followed by a breakthrough above the Ichimoku cloud. Conversely, if the price fails to maintain itself above the MA 50, it is likely to undergo another test of the horizontal support.

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