Daily Crypto Market Summary 08 May 2024
vaibhavshah
Today My crypto Alert - 6th july ,2024
alert78
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2024-07-06 19:09:36
Hello, everyone.
I am a crypto analyzer. Everyday I try to share some crypto coin. If anyone want to follow my signal, you can. I think you can be benefited from my signal. So now I am sharing the result of my analysis...
)#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is presently confined within a descending channel pattern and has recently tested the lower trendline, showing signs of an attempted rebound.
However, resistance is being encountered from the Ichimoku cloud situated within the channel. For a bullish reversal to be confirmed, the market cap would need to break out above the upper trendline of the channel.
Conversely, a breakdown below the support trendline could indicate further declines, signaling a continuation of the bearish trend.