- TOTAL flipped its monthly range to the upside.
- RSI and OBV show strong bullish breakout signals.
- Sideways action may be over as market targets macro top.
TOTAL Market Cap Hints at Major Breakout
The TOTAL crypto market cap has been stagnant for days, leading many to question the next big move. Some even expect a drop toward $60K in Bitcoin . But a deeper look at the charts tells a different story—one of strength, not weakness.
Several technical signals suggest that the market has shifted into breakout mode. The monthly chart shows the range has flipped to the upside, breaking away from the consolidation zone. Meanwhile, the 1-month RSI is pushing into overbought territory, typically a precursor to large trend continuations during bullish phases.
OBV Breakout Confirms Bullish Outlook
Perhaps the most important signal is the On-Balance Volume (OBV). The latest monthly close confirmed a clear OBV breakout—a metric that often leads price action. Historically, when OBV breaks out, prices tend to follow with strong momentum, as it signals consistent accumulation across the market.
With these confirmations in place, analysts argue that the window for “easy entries” during sideways consolidation has likely closed. The macro top may be the next major destination, and the current momentum may carry the market much higher in the short to mid-term.
Prepare for the Next Phase of the Cycle
If these signals continue to hold, crypto investors may need to adjust their strategies. Overthinking pullbacks or waiting for deep dips could mean missing out on the next leg up. As TOTAL climbs with renewed strength, it may be time to shift focus from caution to conviction—at least until signs of a macro reversal appear.
Read Also:
- James Wynn Loses $1M on PEPE Trades in One Week
- BlackRock Goes Big on Ethereum Over Bitcoin
- Anchorage Digital Acquires 10K+ BTC Worth $1.19B
- TOTAL Crypto Market Signals Breakout Momentum
- SEC Approves In-Kind Process for Spot Bitcoin ETFs
