Crypto Market Cap Eyes $10 Trillion by Summer Amid Bullish Trends

• Crypto market cap could hit $10T by summer if historical trends repeat, with strong support near $3T.
• Market cycles show parabolic growth, with previous rallies followed by corrections before surging to new highs.
• Breaking resistance near $3T may trigger massive liquidity inflows, fueling the next bullish leg toward $10T.

Analyst Egrag Crypto projects a total market capitalization (TMC) of $10 trillion for the cryptocurrency market by summer. Historically, during bull runs, the TMC closely follows the Bull Market Support Band. At present, the market has touched the lower end of this band, maintaining a strong position for further gains. Market cycles suggest that three monthly candles typically form support on this band before a sharp upward surge. If the pattern holds, an increase at an angle of 56 degrees could drive the market toward the $10 trillion mark.

Historical Patterns and Key Market Levels

The historical trend shows that past cycles followed a parabolic trajectory. The market increased from 2015 to 2018 before a dramatic drop. A similar pattern could be seen in 2019-2021, as it grew to the consolidation phase. Wherein the current market capitalization is $3.16 trillion, while recent highs are $3.48 trillion and recent lows at $2.81 trillion.

Additionally, the chart identifies two crucial support levels. The first, around $8.29 billion, aligns with early consolidation phases. The second, near $399.17 billion, corresponds to previous cycle lows. At present, the $3 trillion level serves as a key resistance zone, with strong trading activity concentrated around it.

Future Projections and Market Sentiment

A dotted yellow trendline projects an upward movement, indicating a steep rally toward the $10 trillion resistance level. Notably, volume profiles reveal that trading activity decreases beyond current levels, suggesting less historical participation in higher valuation zones. However, once resistance breaks, liquidity may flow in, pushing the market to new heights.

Market sentiment remains bullish, with traders advised to develop solid profit-taking strategies. Analysts emphasize the importance of patience, as market makers often create volatility before major moves. With historical patterns and technical indicators aligning, a substantial rally appears imminent.