#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap is facing rejection from the resistance trendline of the descending broadening wedge pattern. Currently, it is trading above both the 21MA and 50MA, which are acting as support.

A breakout above the pattern would signal a bullish trend, while a breakdown below the moving averages could lead to further consolidation within the pattern. Keep an eye on upcoming price action for confirmation.

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