*โš ๏ธ Market Cap Pullback Ahead? Wave Structure Hints Reversal ๐Ÿ“‰*

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*๐Ÿง  Chart Setup (Daily TF):*

This chart appears to be tracking total crypto market cap dominance using Elliott Wave theory. The current pattern suggests a completed *ABCDE rising wedge*, with a potential breakdown already in motion from point *e*.

*๐Ÿ“‰ Key Breakdown Signals:*

- Rising wedge completed = bearish structure

- Price broke trendline support from wave *dโ€“e*

- Lower highs and increasing selling pressure

- Red zone = key supply / resistance rejection

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*๐Ÿ“‰ Trending Signals:*

- โŒ Trendline support lost

- ๐Ÿ”ป Momentum shifting bearish

- โš ๏ธ Failed to make a higher high at wave *e*

- โœ… Wave theory aligns with corrective move (f incoming)

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*๐ŸŽฏ Target Zones (If Breakdown Plays Out):*

- Green zone (short-term target): ~61.40%

- Mid zone: ~60.00%

- Major support (wave f trendline): ~57.50%

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*๐Ÿ”ฎ Prediction & Analysis:*

Market cap dominance is showing signs of topping out after a strong rally. If the wedge structure plays out, we could see a pullback toward 60โ€“57.5% levels. A bounce may occur in between, but lower lows are likely ahead if trendline f is tested.

*Summary:*: ๐Ÿšจ Watch for further downside as dominance breaks key structure. Relief bounces expected, but the bigger wave suggests a deeper correction brewing. Stay cautious!

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