Today My crypto Alert - 12th july ,2024

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...

#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.