🌍 Total Crypto Market Cap: Make or Break at the Inflection Point! 🚨
The global crypto market capitalization is currently standing at a massive crossroads. The weekly chart is flashing three high-conviction signals that every trader needs to watch.
🔍 The Technical Trifecta
5-Year Moving Average Tagged: The recent market dip touched the 5-year moving average. Historically, this level has been the ultimate "line in the sand" that marks major cycle bottoms.
The EMA200 Battle: We are currently fighting to secure a weekly close above the EMA200. Reclaiming this level is essential to confirm that the long-term bullish structural trend is still intact.
RSI Reversal: After a deep dive into oversold territory, the Relative Strength Index (RSI) is curling back above 30. This is a classic early reversal signal suggesting momentum is finally shifting back to the bulls.
📈 What’s Next?
If this bounce holds, the logical next move is a re-test of the overhead trendline, which sits roughly +20% from current levels.
Success: A break above that resistance zone would confirm this move as a true structural recovery.
Failure: Rejection here could signal a "dead-cat bounce" before another potential shakeout.
Market Tip: When oversold conditions align with long-term moving averages, the resulting recoveries are often fast and violent. Stay sharp!
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