THERE IS AN OPINION➡️#TOTALMARKETCAP ANALYSIS OF TOTAL MARKET CAPITALIZATION

The total cryptocurrency market capitalization is consolidating within a descending channel and is currently facing rejection at the resistance line. Both the 100MA and 50MA are positioned above the channel, acting as strong resistance barriers, which intensifies bearish pressure.

Given this setup, there is potential for further downward movement in the short term. However, a breakout above the channel would change the momentum and signal the start of a bullish trend. Keep a close watch on the market's approach to this critical zone. #CryptoAnalysis #CryptoNewss