TOTALDEFI This is the monthly chart of Total DeFi. Total DeFi is the total market cap of all DeFi data. I think this data source is from Coinmarketcpa.
What we can identify here is that we are consolidating in around 30B - 50B.
A break of 30B will lead us around 18B-20B tapping into a strong demand zone.
But should we hold this 30B zone, we will see more push to the upside testing for the third time 50B.
I will look for buy setups in the DeFi space because we are near support.
One thing to note for is that in this zone is we might also be forming this descending triangle.