The total crypto market cap (TOTAL) and Bitcoin (BTC) observed a positive weekend, but the start to the week is slightly slow. Nevertheless, the altcoins are performing good, led by Floki (FLOKI) with a 14% rise in the last 24 hours.
In the news today:-
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The Crypto Market Grows Cautiously
The total crypto market cap rose by $12 billion in the last 24 hours, signaling mild investor optimism. TOTAL currently stands at $3.66 trillion, showing cautious recovery amid mixed market sentiment.
Despite limited growth, TOTAL’s position above the $3.67 trillion level suggests potential for stabilization. Holding this crucial support could lead to a rebound, pushing the total crypto market cap toward $3.73 trillion.
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However, renewed bearish pressure could drag the market lower. If investors remain cautious and risk aversion intensifies, TOTAL might lose momentum and fall toward the $3.56 trillion support. A break below this threshold could trigger broader selling and extend the current consolidation phase across major crypto assets.
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Bitcoin Is Yet To Reclaim $110,000
Bitcoin’s price is hovering at $109,505, striving to break above the key $110,000 threshold. This psychological resistance serves as a crucial level for market confidence. A successful breach would confirm renewed bullish momentum.
If Bitcoin maintains its upward momentum, the crypto king could rally toward $112,500 and potentially $115,000. Such movement would help recover recent losses and reestablish short-term optimism.
A daily close below $108,918, however, would weaken this structure and could bring back the bearish mood, pushing prices However, persistent investor skepticism may stall the recovery. Should profit-taking intensify, Bitcoin’s price risks another decline toward $108,000 or possibly $105,585. Losing these supports could trigger short-term volatility,
Floki Takes the Lead
FLOKI price surged 14% in the past 24 hours, reaching $0.00007643 at press time. The meme coin is gaining notable traction as investor support is strengthening.
While FLOKI has yet to break through the $0.00007996 resistance, it remains positioned for a potential rebound. A bounce from the $0.00007414 support zone could propel the token toward $0.00008543.
However, profit-taking could derail the recovery. If selling pressure intensifies, FLOKI price risks slipping below $0.00007414, testing lower supports at $0.00007000 and $0.00006376. Losing this critical range would invalidate the bullish outlook.
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