TOTAL Marketcap / Crypto Total Market Cap
TOTAL daily analysis 26 January 2026. The total crypto market cap index is trading with a bearish bias after a sweep below the prior daily low and a quick reclaim, leaving price at a key decision area between fake out risk and structural continuation.
- On Sunday we saw the index make a new dip, past the prior daily low, but on Monday the level was reclaimed
- Will this be a move that can be considered as a fake out ? Or is this a structural bearish continuation ?
- As we are bearish on the weekly timeframe and bearish on the daily, we tend to look for further bearish continuation until proven otherwise. At this moment we can see a bearish W developing.
- This idea is reinforced because we still have some lows that remain untested and could be swept in a next grab on liquidity.
- As stated in the weekly analysis, the index has tested the weekly fake out zone (between the weekly fib 100% and the weekly swing low).
Market Structure Analysis
In our TOTAL daily analysis, Sunday’s push below the prior daily low reads as a classic liquidity event: price traded beneath an obvious reference low, then Monday reclaimed it, forcing late shorts to reassess.
Structurally, that reclaim can become either (1) a temporary fake out that leads to a deeper bearish continuation, or (2) the first sign that the sell-side impulse is losing control.
With both weekly and daily trend still bearish per the draft, the higher-probability read remains continuation until the market prints a clearer break of structure to the upside. The mention of a “bearish W developing” fits a scenario where the market is building a distribution-style pattern inside a broader downtrend, while leaving “untested lows” below as unfinished business.
The weekly context matters: price has already interacted with the weekly fake out zone defined between the weekly Fibonacci 100% and the weekly swing low, making this a sensitive support resistance region rather than a clean reversal confirmation.
Key Levels and Scenarios
TOTAL daily analysis remains bearish unless the reclaim develops into sustained acceptance above nearby resistance and invalidates the bearish structure. A bearish scenario prioritizes another liquidity grab into the untested lows, especially if price fails to hold above the reclaimed prior daily low. A more constructive scenario requires price to defend reclaimed support and stop printing lower lows on the daily.
- Prior daily low (reclaimed) as immediate decision support/resistance
- Sunday’s sweep low as the near-term downside liquidity reference
- Untested lows below as the next potential liquidity grab zone
- Weekly fib 100% as the upper boundary of the weekly fake out zone
- Weekly swing low as the lower boundary and key structural reference
This analysis is for informational purposes only and does not constitute financial advice.