🚨🚨 #TotalMarketCap 🚨🚨

📉 TOTAL Market Cap - Technical Overview (as of April 6, 2025)

📊 Current Value:

$2.61 Trillion

Daily drop: −$35.29B (-1.33%)

📉 Descending Channel Pattern:

Market remains confined in a well-defined downward sloping channel since early February.

Price is currently near mid-range, with the upper resistance trendline pushing back upward attempts.

🧱 Key Resistance Zones:

Upper channel boundary (~$2.75T)

50-day MA (green) and 100-day MA (red) are converging above, acting as confluent resistance—tough zone for bulls.

📉 Short-Term Bias: Bearish

Multiple rejections from resistance

Lower highs and lower lows intact

Until a breakout above $2.75T–$2.8T, bearish momentum may continue.

📈 Bullish Reversal Signal:

A confirmed breakout above the channel + MA cluster could initiate a new uptrend.

First bullish target: $3T

Longer-term breakout target: $3.3T–$3.6T zone

📉 Bearish Breakdown Scenario:

Watch support near $2.47T

If broken, next support lies around $2.25T, followed by $2.1T

⏳ Critical Decision Zone:

Price is squeezing near apex of the channel

Expect volatility spike soon—directional breakout will set tone for April