#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is currently consolidating within a descending broadening wedge pattern and trading below a crucial horizontal resistance level. The Ichimoku Cloud is reinforcing bearish momentum, serving as additional resistance.
To confirm the next significant move, it’s essential to wait for a decisive breakout above the key level. A solid breakout could trigger an upward movement in the market cap, while a breakdown from the pattern would confirm a bearish trend continuation.
Patience is key until we see a clear and confirmed move.