Technical View On Crypto Market Cap Jan 12 2018

The total Market Capitalization as presented by Coinmarketcap shows that index is trending lower but is attempting to shift this. The recent dip to 645 Bln was higher than the previous one with a low at 628 Bln. Resistance sits at 714.15 Bln and if Index manages to breach it, we may see a continued inflow of Capital to the market. The next resistance top sits at 740 Bln. So if market breaks above 714 Bln chances are that we will see a swell towards 740 Bln. And if this level is breached, it will be clearly bullish, which would affect many cryptos and tokens over the market in a positive way, pricewise.