#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is currently consolidating within a descending broadening wedge pattern, a structure often associated with potential reversals.
However, the Ichimoku Cloud is exerting significant resistance above the current price, leading to recent rejections at key levels. This resistance suggests that the market could experience further declines in the near term.
On the other hand, if the price manages to break above the Ichimoku Cloud, it would signal a shift in momentum, potentially leading to an upward movement across the crypto market.
This breakout could indicate a reversal of the current trend and open the door for a broader recovery in market prices.
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