The total market cap is currently retesting above the horizontal support. The Ichimoku cloud indicates a bullish trend, and the 100-day moving average (MA 100) is serving as a supportive factor.
A bullish movement is anticipated in the market as long as it continues to trade above the horizontal support. Conversely, a sustained breakdown of this support level would signal a correction in the market.
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#TOTAL MARKET CAP ANALYSIS
The total market cap is currently retesting above the horizontal support. The Ichimoku cloud indicates a bullish trend, and the 100-day moving average (MA 100) is serving as a supportive factor.
A bullish movement is anticipated in the market as long as it continues to trade above the horizontal support. Conversely, a sustained breakdown of this support level would signal a correction in the market.