Crypto Market Cap Consolidates Near $1.71 Trillion Resistance

The total crypto market cap (TMC), excluding Bitcoin, is currently consolidating near a critical resistance level. As of June 26, 2025, the TMC stands at $1.21 trillion after experiencing a 2.41% daily decline. The price action over the monthly chart reveals the formation of an ascending triangle pattern, which often indicates a build-up of pressure against resistance. The key level to monitor is $1.71 trillion, which currently marks the top boundary of this structure. A monthly close above this threshold would complete the pattern and confirm a breakout from the multi-year structure.

This ascending triangle is defined by long-term support and a horizontal ceiling. Over several years, the market has consistently respected an upward-sloping support trendline, which intersects with horizontal resistance around the $1.71 trillion mark. Several interaction points reinforce the triangle structure, spanning from 2018 to 2025. The chart shows a series of higher lows, indicating continued strength from buyers. Meanwhile, horizontal resistance has remained flat and tested multiple times without a full breakout. Notably, the triangle formation on the monthly timeframe now appears mature, with tightening price action near the apex.

Upon a successful breakout above $1.71 trillion, three technical targets have been outlined. The non-logarithmic projection estimates a potential move to $3.1 trillion. Conversely, the logarithmic model stretches as high as $9.5 trillion. An average between both methods places the target near $6.3 trillion. These projections are derived from previous price expansions and structural comparisons. However, current chart behavior suggests the market remains inside the consolidation range until a full candle closes above $1.71 trillion. Until then, price action continues to oscillate between defined support and resistance zones.

While the broader market consolidates, the TMC token has seen a notable 12.0% price increase, reaching $0.0002176. This price also acts as resistance, with no breakout registered above it. The $0.0001891 level remains in immediate support. As the token moves in tandem with broader market dynamics, its position near resistance will be key to watch in the coming sessions.