irCryptoClub - TOTAL - Total Market Cap

Total Market Cap

By examining the #TOTAL chart, the market volume has almost reached a safe range and conditions can be expected to improve.

Due to the fact that the analysis is done in daily timeframe, the validity of the rectangular box as a static support of the current range can temporarily prevent further decline.

During the past few hours, we have witnessed the penetration of the above index to the specified range for a short time. Therefore, in case of closing daily trades and stabilizing above these limits, one can expect the situation to stabilize.

If the red zone is penetrated, the main market support will be lost and the fall in prices will be heavier than it is.