#Total

The total market capitalization of crypto has officially broken through the previous downtrend channel with strong momentum, indicating a clear recovery signal. Currently, the market is testing the supply zone (horizontal resistance) around the 2.92T mark, while being supported below by the 100-day MA.

If the total market capitalization can decisively break through this resistance zone, it is very likely to trigger a new strong growth phase across the market. Conversely, if it fails here, the market may witness a short-term correction before determining the next trend.