According to @CryptoCapo, the total cryptocurrency market capitalization is currently testing resistance at previous highs, signaling a potential bullish breakout if sustained volume supports the move (source: @CryptoCapo, Twitter, June 2024). Traders are closely monitoring the $2.8 trillion level, as a confirmed breakout could lead to renewed momentum across major assets like Bitcoin and Ethereum. Technical analysts highlight increased buying activity and positive on-chain flows as supporting factors for a continued uptrend, making this a critical moment for swing and position traders (source: CoinMarketCap data, June 2024).