The Crypto Market Cap Pullback After an Obvious Hitting Resistance Level

Sometimes you just need to look at the broader picture.  Yes, it would be nice to see recent crypto rally continue, but getting a pullback was pretty obvious once you look at the total crypto market cap chart.
Major Resistance Stops the Rally for Now
Looking at the chart in this post you can see market cap rallied up to that prior support level only to hit it’s head a few times before backing off.
The good news is the rejection wasn’t hard and fast so even if we were to sell off some more I like the price action still.
Market cap failing

About the author: TIMM Trader
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