#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap is currently consolidating within a descending channel. At present, it is facing rejection from the resistance trendline of the channel, while the Ichimoku Cloud above is acting as a strong resistance barrier.

A breakout above the channel and the Ichimoku Cloud would confirm a bullish trend continuation. However, if the breakout fails, we may see further consolidation and price movement within the channel.

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