The crypto total market cap excluding Bitcoin is forming a long-term ascending triangle with resistance at $1.71 trillion.
Breakout targets vary by scale: $3.1T (non-log), $6.3T (average), and $9.5T (logarithmic).
TMC token rose 12%, reaching resistance at $0.0002176, with $0.0001891 acting as short-term support.
The total crypto market cap (TMC), excluding Bitcoin, is consolidating near a crucial resistance level. As of June 26, 2025, the TMC sits at $1.21 trillion after a 2.41% daily decline. Price action over the monthly chart reveals the formation of an ascending triangle pattern.
This technical setup often indicates a pressure build-up against resistance. The level to watch is $1.71 trillion, which currently marks the top boundary of the structure. A monthly close above this threshold would complete the pattern and confirm a breakout from the multi-year structure.
Ascending Triangle Defined by Long-Term Support and Horizontal Ceiling
Over several years, the market has consistently respected an upward-sloping support trendline. This trendline intersects with horizontal resistance around the $1.71 trillion mark. Several interaction points reinforce the triangle structure, spanning from 2018 to 2025.
Source: (X)
The chart shows a series of higher lows, indicating continued strength from buyers. Meanwhile, horizontal resistance has remained flat and tested multiple times without a full breakout. Notably, the triangle formation on the monthly timeframe now appears mature, with tightening price action near the apex.
Key Targets Range from $3.1T to $9.5T Based on Scaling Models
Upon successful breakout above $1.71 trillion, three technical targets have been outlined. The non-logarithmic projection estimates a potential move to $3.1 trillion. Conversely, the logarithmic model stretches as high as $9.5 trillion. An average between both methods places the target near $6.3 trillion.
These projections are derived from previous price expansions and structural comparisons. However, current chart behavior suggests the market remains inside the consolidation range until a full candle closes above $1.71 trillion. Until then, price action continues to oscillate between defined support and resistance zones.
TMC Coin Gains 12%, Resistance Matches High at $0.0002176
While the broader market consolidates, the TMC token has seen a notable 12.0% price increase. It is now priced at $0.0002176, showing an 11.8% gain against Bitcoin. The token’s 24-hour range has been between $0.0001891 and $0.0002176.
This current price also acts as resistance, with no breakout registered above it. The $0.0001891 level remains in immediate support. As the token moves in tandem with broader market dynamics, its position near resistance will be key to watch in the coming sessions.
