The $TOTAL Crypto Market Cap has broken down (again).
It has traded within and around this range for about 1.5 months now.
We've previously seen short trips outside of the range and a retrace back in but until that happens again, I think caution is warranted as we are seeing a clear market structure shift for the time being.
$TOTAL Crypto Market Cap is still stuck within this same range for the past month.
The market is getting very compressed and it's clear a big move is due.
This corresponds with both $BTC & $ETH which are also consolidating near the same price region for over a month now. Generally this leads to a large move once a breakout occurs as a lot of positions on both sides get built up.
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