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WalletManager · 2026-01-05T14:51:15+00:00

The cryptocurrency market cap is at a critical point, consistently testing a key support level without closing below it. The trend remains bullish as long as it holds. The outcome of the current monthly candle will determine the market's next direction amid conflicting narratives from bulls and bears.

WalletManager

2026-01-05 14:51:15

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Crypto Market Cap Chart at Critical Juncture: Can Bulls Hold the Line?

The total cryptocurrency market cap is flashing an interesting signal on its monthly chart. For quite some time now, the bulls have been making a stand at a very specific level - the 1:1 correction zone. This isn’t just any support; it’s a level that has proven its worth by not allowing a single monthly close below it.

Testing Support Multiple Times

Over the past two months, we’ve seen the crypto market cap chart repeatedly test this crucial floor. Each time, price action dipped toward the zone but pulled back before establishing a monthly close beneath it. This kind of defensive behavior suggests there’s real buying pressure protecting this level - whether from institutions, whales, or accumulating retail traders remains unclear.

The Bullish Structure Remains Intact

Despite these tests, the underlying bullish structure hasn’t been compromised. The support zone is still holding, and the uptrend framework remains valid as long as monthly closes stay above this key area. However, this monthly candle is shaping up to be a critical decision point.

What Happens Next?

The million-dollar question: how will this current monthly candle close? Will the bulls extend their winning streak and close above support, or will the bears finally breach the barrier? The answer to this single question could determine the next phase of the crypto market cap’s trajectory.

The market is clearly torn between two narratives right now. Long-term bulls are betting on another successful hold, while bears are watching for that decisive breakdown. Which way do you think the crypto market cap will break? 🐂 or 🐻?

BTC0,06%

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