#TOTAL3 Chart ( Cryptocurrency Liquidity without#BTC & #ETH )
according to the chart shows the following:
First:
An overview of the previous movement:
The market witnessed a major upward wave that began in early 2023.
Looking at the technical analysis, the market is currently following a correction wave (ABC within a descending channel shown in yellow) within the major upward wave.
The corrective channel shows a gradual decline in prices, but within a limited range. This means that the market is in a natural correction period after the big rise, and it is an opportunity to form a new price base.
Second:
Future expectations:Consolidation at support levelsThe top and bottom of the corrective channel and the area marked in blue (below the bottom of the channel) around the $480 and $500 billion levels represent a strong support area,
- Bullish breakout: The chart indicates that the market will witness an upward breakout from the corrective channel during the coming period
- Possible targets:
- First target: $592 billion This level represents the first resistance area after exiting the channel,
- Second target: $777 billionIf the momentum continues in liquidity, it may hit a new tops
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