The total #crypto market cap is consolidating within an ascending triangle #pattern and is currently #trading above the support trendline. The 50MA is acting as a resistance barrier above the current price action. A bounce from this level is possible if support continues to hold. however, a breakdown below the #pattern could lead to further correction in the broader market. #crypto
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#TOTAL MARKET CAP ANALYSIS
The total #crypto market cap is consolidating within an ascending triangle #pattern and is currently #trading above the support trendline. The 50MA is acting as a resistance barrier above the current price action. A bounce from this level is possible if support continues to hold. however, a breakdown below the #pattern could lead to further correction in the broader market. #crypto