Crypto Market Cap Nears $3 Trillion as Bullish Momentum Builds

Crypto prices are showing renewed signs of life as the total market cap approaches a critical resistance zone. After weeks of sideways movement and weak conviction, the market cap is now at approximately $2.64 trillion, nearing key moving averages. Investors are closely watching to see if the market is preparing for a breakout toward $3 trillion or another false start.

On the daily chart, the total crypto market cap has risen above the 20-day Simple Moving Average (SMA) of $2.62 trillion and is challenging the 50-day SMA of $2.71 trillion. A successful daily close above this level could pave the way for a move toward the 100-day SMA at $3 trillion, a significant psychological and technical milestone. The Heikin Ashi candles indicate strength after a period of consolidation, suggesting that bulls are regaining control. The Accumulation/Distribution Line (ADL) has also started to rise from its recent low, signaling renewed investor interest and capital inflow across the broader market.

While the 200-day SMA remains above at $2.91 trillion, a strong reclaim of the 50-day average could serve as a launchpad for a sustained rally. Overall, the daily chart is cautiously bullish, but volume confirmation remains crucial.

On the hourly chart, crypto prices recently made a strong move from $2.54 trillion to $2.65 trillion, testing and briefly holding above the 200-hour SMA. However, it has since pulled back slightly to $2.63 trillion, indicating short-term profit-taking. The price remains above the 20-, 50-, and 100-hour SMAs, which are starting to fan upward, an early sign of trend strength. If the market can defend the $2.60–$2.61 trillion range during the next pullback, it would confirm that bulls are ready to step in at higher levels. The hourly ADL has also recovered, reinforcing the idea that recent gains were backed by real buying interest. As long as this structure holds, the path of least resistance remains upward.

The technical bounce is supported by improving sentiment in the broader macro space. Talks of altcoin ETFs, positive regulatory shifts in some regions, and Bitcoin’s resilience above $70,000 are helping drive market confidence. Additionally, stablecoin inflows are rising, suggesting that fresh capital is entering the market, often a precursor to a wider rally. Traders and institutions seem more willing to re-enter risk assets, and the total market cap is the most direct reflection of this renewed interest.

However, not everything is green just yet. Volume on breakout attempts remains moderate, and a high-volume daily close above $2.71 trillion is still needed to confirm a trend shift. Without it, the current move could risk stalling into more range-bound price action.

If momentum holds and crypto prices manage a solid breakout above the 50-day SMA, a quick push toward $2.85 trillion–$3 trillion is not off the table. This would likely coincide with bullish breakouts in major altcoins, Ethereum strength, and meme coin rallies gaining steam again. Conversely, if resistance around $2.65 trillion holds and price drops below $2.60 trillion, we could see a short-term dip toward $2.52 trillion, where the 100-day SMA sits as support on the hourly.

In short, the next few candles—especially on the daily timeframe—are critical. Crypto prices are hovering near a breakout point, and how the market reacts this week will set the tone for the rest of April. At the current levels, crypto prices are hovering near a key breakout zone, making this a pivotal moment for traders. For long-term investors, this could be a strategic buy-the-dip opportunity, especially if the market confirms support above $2.60 trillion. Momentum is gradually building, and the charts suggest bulls are attempting to flip resistance into support. However, for short-term traders, caution is still warranted until there’s a clear breakout above $2.71 trillion with strong volume. Without confirmation, entering aggressively could lead to whipsaw losses. If you’re already holding positions, this may be a good time to tighten stop losses or take partial profits while watching for confirmation of the next leg.