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Crypto Market Cap (TOTALCAP) trades in corrective pattern
TOTALCAP has fallen since April 14, its highest yearly high of $1.26 trillion. The decline is contained within a descending parallel channel that is considered a corrective pattern. As a result, a final break from this channel is the most likely scenario.
On June 15, the price bounced off the $980 billion support zone and started an upside move. It is currently trading close to the resistance line of the channel.
If the price breaks out of the channel, it could rise to the next resistance at $1.15 trillion. However, if the price drops, the next closest support is expected to drop to $885 billion.#GateioTurns10 #BountyCreator #ContentStar