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Today My crypto Alert - 12th july ,2024

alert78 - 2024-07-12 19:08:30


Hello, everyone.
I am a crypto analyzer. Everyday I try to share some crypto coin. If anyone want to follow my signal, you can. I think you can be benefited from my signal. So now I am sharing the result of my analysis...




![3b6da4fa-4d98-496f-99c2-8aba8f2cc600.jpg]()

#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap is rebounding from the support trendline of a descending channel. The 200-day moving average (200MA) is currently acting as resistance above the price action.

A breakout above the 200MA would signal a short-term bullish rally in the market. Additionally, a solid breakout from the descending channel would provide strong bullish confirmation.

Conversely, if the price breaks below the support trendline, further market correction can be expected.