As of March 12, 2025, the Total Crypto Market Cap sits at 2.63T USD.
Let’s dive into the monthly chart for a technical breakdown:
Since 2016, price has been moving within a long-term ascending channel. Right now, we’re testing the lower trendline support zone (2.4T - 2.5T).
This level has historically acted as a strong base – both the 2017 and 2021 bull runs kicked off from similar support zones.
Volume profile shows a 15-20% increase over the past 3 months, indicating growing buyer interest and improving market liquidity.
RSI is at 40 (neutral zone), not yet in oversold territory but signaling a potential base for a recovery.
Bullish Scenario: If the 2.5T support holds, we could see a move toward the channel’s midline (3T - 3.5T range), potentially retesting the 2021 highs above 3T.
Bearish Risk: A break below 2.5T could lead to a deeper pullback toward 2T, so keep this level on your radar.
💡 My Take: I believe we’re either at the bottom or just a few weeks away from the start of a new uptrend. April could mark the beginning of a bull run, signaling the end of the bloodbath – at least based on the technicals of the Total Market Cap.
What’s your view? Will the 2.5T support hold, or are we in for another correction?
Let’s dive into the monthly chart for a technical breakdown:
Since 2016, price has been moving within a long-term ascending channel. Right now, we’re testing the lower trendline support zone (2.4T - 2.5T).
This level has historically acted as a strong base – both the 2017 and 2021 bull runs kicked off from similar support zones.
Volume profile shows a 15-20% increase over the past 3 months, indicating growing buyer interest and improving market liquidity.
RSI is at 40 (neutral zone), not yet in oversold territory but signaling a potential base for a recovery.
Bullish Scenario: If the 2.5T support holds, we could see a move toward the channel’s midline (3T - 3.5T range), potentially retesting the 2021 highs above 3T.
Bearish Risk: A break below 2.5T could lead to a deeper pullback toward 2T, so keep this level on your radar.
💡 My Take: I believe we’re either at the bottom or just a few weeks away from the start of a new uptrend. April could mark the beginning of a bull run, signaling the end of the bloodbath – at least based on the technicals of the Total Market Cap.
What’s your view? Will the 2.5T support hold, or are we in for another correction?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.