The Total3 market cap (crypto market cap excluding BTC, ETH & XRP) was aggressively rejected off its all-time high of $1.13 trillion in early December, leading to a prolonged accumulation phase. This consolidation period is now nearing its conclusion, setting the stage for a potential breakout.
The expected range for the final leg of this cycle is between $1.58 trillion and $2.05 trillion, with technical pointing to a measured move similar to the November–December rally, where price action formed a wave of equal length. As we approach the end of this accumulation zone, the market awaits the catalyst that could drive a decisive move toward the projected completion zone.
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