The Total Crypto Market Cap has confirmed a strong bullish breakout from a long-term descending trendline on the weekly timeframe, signaling a major shift in market structure. Following this breakout, the market is now undergoing a constructive retest of key support levels around the $3T zone—a typical and healthy phase before continuation.
Momentum indicators such as the RSI (currently above 56) and the positioning of weekly moving averages further reinforce the strength of this uptrend. With price action maintaining higher lows and consolidating above previous resistance, the crypto market appears well-positioned for good growth in the coming months to $5 Trillion+
Check out my last post here:
Momentum indicators such as the RSI (currently above 56) and the positioning of weekly moving averages further reinforce the strength of this uptrend. With price action maintaining higher lows and consolidating above previous resistance, the crypto market appears well-positioned for good growth in the coming months to $5 Trillion+
Check out my last post here:
Anubrata Ray ⚡
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Anubrata Ray ⚡
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.