The crypto market (excluding BTC) is at a critical moment 🔍. Currently, the total market capitalization stands at $1.33T, within a downward channel that has set the tone in recent weeks 📉. However, this scenario could also bring great opportunities.
If we manage to break the upper resistance of the channel at $1.41T 💥, we could see a significant bullish momentum towards $1.50T or even revisit the recent high at $1.64T 🚀. On the other hand, it's important to stay alert to the support at $1.33T, as its loss could lead us to seek lower levels near $1.21T.
The market shows bearish pressure, but the structure suggests that we are close to a key decision point. I firmly believe that a recovery is possible before the start of 2025! 💪🌟