Crypto Market Cap Technical Breakdown

Total crypto market cap is testing a critical level at $2.98 trillion. If we close above this resistance zone, the momentum could be substantial. What makes this setup interesting is that we've simultaneously broken through a major trend line that's been in place for quite some time.

This confluence of factors—resistance breakout combined with a trend line breach—typically signals conviction in the upside. The chart is showing the market's determination to move higher. We're at an inflection point right now where price action will tell us everything about the next leg up.