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#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of the falling wedge and is retesting above it. The Ichimoku cloud is acting as resistance.
A successful retest or a solid break above the Ichimokuy cloud would be the bullish confirmation. If the price retraces inside the falling wedge, we might expect further movement within the wedge.
A rejection could be a likely scenario, while a solid breakout of the horizontal resistance would provide further bullish confirmation. It's important to note that it typically moves inversely to the crypto market.
