Total crypto market cap is holding inside a clean downtrend with clear support and resistance areas visible.
The current price structure formed after a strong reversal and shows a stable channel just below $3.4 trillion.
Analysts are watching for a daily candle close above $3.4T which could trigger strong upward momentum.
The total cryptocurrency market cap is currently consolidating inside a descending channel and hovers near the $3.28 trillion level. The price structure has remained confined within parallel trend lines since late May, displaying minimal deviation. Until a breakout occurs above the $3.4 trillion range, traders are exercising patience.
https://twitter.com/CryptoAnup/status/1941309656884023786
A tweet shared on July 5, 2025, by market analyst @CryptoAnup illustrated this clean formation. The chart confirms consistent resistance and support levels across the descending slope. The total market cap has tested the upper channel boundary several times but has not broken through.
Current resistance stands just under $3.4T. As long as this ceiling holds, the formation will continue to offer range-bound opportunities. However, a confirmed breakout could signal a broad market shift. The tweet notes “no rush until we see a clear breakout above the channel.”
Previous Downtrend Ended as Reversal Took Shape
Earlier this year, the total crypto market was entrenched in a sharp decline that extended into early April. During that period, prices followed a steep downtrend channel that remained intact for over three months. The trend was defined by lower highs and consistent breakdowns.
In mid-April, the market reversed. A clear breakout above the descending resistance marked the start of a sharp upward recovery. The total market cap rose above $3.1T by May, gaining nearly $400B in a matter of weeks. That recovery set the stage for the current consolidation.
Since May, the market cap has remained between roughly $3.15T and $3.38T. The parallel downward-sloping channel now appears to be the dominant pattern. The tweet from @CryptoAnup describes the zone as “clean consolidation” and implies that a breakout may soon arrive.
Can the Market Cap Surpass $3.4T and Trigger a Rally?
The central question remains: can the total crypto market cap break above $3.4 trillion and sustain momentum?
Volume remains relatively flat. Volatility has narrowed, with candles showing smaller wicks and more consistent body ranges. These signs suggest that liquidity is building for a potential breakout. If momentum returns, the next resistance zone could lie near $3.65T.
The tweet also notes that altcoins remain “deep in oversold territory,” which could lead to a “massive squeeze.” This scenario implies that capital rotation could help drive total market value above the current resistance.
Another notable aspect is the confirmation required for the breakout. Analysts are watching closely for a daily candle to close convincingly above the upper trendline. That action could attract new inflows and trigger broader bullish sentiment.
Traders remain cautious but engaged. The structure is well-defined, with clear entry and exit points. Patience appears to be the favored approach until a decisive move occurs.