Technical Analysis: Total 2 (Excluding Bitcoin)Crypto Total Market Cap Excluding BTC, $CRYPTOCAP:TOTAL2AboozartradeerBased on the provided chart, we can identify several bearish signals for the "Total 2" market cap, which represents the total value of cryptocurrencies excluding Bitcoin. The price has formed a Rising Wedge pattern, a classic bearish reversal formation. This pattern indicates that the bullish momentum is weakening as the price moves higher. Furthermore, the price made a Deviation above the wedge's resistance line, failing to sustain the breakout and subsequently falling back into the pattern. This is a common "fake-out" signal that confirms the bearish bias of the pattern. Adding to the bearish case, a clear Bearish Divergence has formed between the price and the RSI (Relative Strength Index) indicator. While the price made higher highs, the RSI made lower highs, indicating a loss of momentum and a high probability of a price correction. Conclusion: The combination of the Rising Wedge pattern, the Deviation, and the Bearish Divergence suggests a high probability of a downward movement in the Total 2 market cap in the near term