In short, the situation: The chart represents the total market cap of digital currencies (Total Market Cap), and the "Cup and Handle" pattern appears, which is one of the strongest bullish patterns 🧞♂️.
What concerns us:
1. Basic resistance: Around $3.65 trillion, if the total market cap breaks this level with stability and strong momentum, we will see a strong upward movement 👩🏻💻.
2. Expected target: The total market cap of digital currencies may reach $10.01 trillion if the breakout is confirmed with support from strong trading volume.
3. The gist: The whole issue depends on exceeding the $3.65 trillion level. If the breakout occurs, the upward trend of the total market will continue.
Summary: This is what concerns us in the coming period: Breaking the $3.65 trillion level, which may open the door to a strong movement towards the target 🧞♂️.
A simple note: This is my personal analysis of the total market value and represents my point of view only, you should not rely on it 👩🏻💻.