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The total crypto market cap (TOTAL) is stabilising, looking at a pause before resuming momentum and picking a direction. Bitcoin (BTC) is stuck under a downtrend, while Virtuals Protocol (VIRTUAL) is facing a 6% drop at the time of writing.
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The total crypto market cap is down $39 billion today, now sitting at $3.11 trillion while holding above the $3.09 trillion support level. This zone remains critical for maintaining short-term stability as investors reassess sentiment following the latest pullback.
If market conditions worsen, TOTAL could lose the $3.09 trillion and $3.05 trillion supports and fall toward $3.00 trillion. Rising skepticism may pressure traders to sell, increasing volatility and deepening the correction across major assets.
Total Crypto Market Cap Analysis. Source: TradingView
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If conditions improve, TOTAL could rebound and breach the $3.16 trillion resistance, opening the path toward the $3.21 trillion barrier. Renewed confidence and stronger inflows would help reinforce the broader recovery.
Bitcoin’s price remains stuck under its established downtrend, signaling uncertainty as traders watch broader market cues for direction. The crypto king’s next move depends heavily on macro conditions.
If conditions worsen, Bitcoin could break below $91,521 and slide through $89,800 to test $86,822. Such a decline would threaten investor confidence and amplify short-term selling pressure, reinforcing the existing downtrend.
Bitcoin Price Analysis. Source: TradingView
If bullish momentum strengthens, Bitcoin’s price could finally breach the downtrend and push past $95,000 toward $98,000. A breakout above these levels would invalidate the bearish thesis and reestablish upward structure.
VIRTUAL price is down 6% over the last 24 hours, trading at $0.923 as the Parabolic SAR signals a continued downtrend. The altcoin remains under pressure, reflecting weakening sentiment and reduced buyer participation.
VIRTUAL is holding above the $0.916 support level, but a stronger bearish push could force the price below this zone. A breakdown would open the path toward $0.819, signaling deeper losses and extending the current decline as sellers retain control of the market.
VIRTUAL Price Analysis. Source: TradingView
If bullish momentum returns, VIRTUAL could rebound from $0.916 and climb toward the $1.000 mark. A successful breakout above this psychological barrier would invalidate the bearish thesis and potentially push the altcoin to $1.05.
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Կառավարեք ձեր բոլոր կրիպտարժույթները, NFT-ն և DeFi-ն՝ մեկ տեղիցԱպահովաբար կցեք ձեր օգտագործած պորտֆոլիոն՝ սկսելու համար:
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