TOTAL - Crypto Recovery Possible?Crypto Total Market Cap, $CRYPTOCAP:TOTALVIAQUANTSome major developments have occurred across the board with the price action we saw heading into the weekly close for most cryptocurrencies. For many weeks I have been outlining the bearish case for the crypto total market cap and that scenario remains in play for now. However, there is a glimmer of hope in the price action that just printed at the close. Price has formed a double bottom on the weekly timeframe, accompanied by a bullish divergence forming on the weekly RSI. This is most clearly visible on the line chart, which only accounts for candle body closes. If tomorrow brings headlines of de-escalation progress with the US-Iran conflict, this could mark a local low for some time and allow price to appreciate meaningfully from these levels. However, if the lows established today are lost, the much more severe bearish scenarios will begin to play out. That level corresponds to the "Weekly Break Level" I outlined in this post: So far, TOTAL is still respecting this level for now. Watch tomorrow's developments closely. The direction of the next major move will largely depend on what headlines emerge.