Market overview

The crypto market cap has fallen by 1.09% over the past 24 hours to $2.53 trillion. This marks the third consecutive day of a gradual market decline, which appears to be a technical shake-out rather than a trend reversal. Dogecoin (+3.3%) is once again leading the gains, along with Tron (+0.6%) and Aptos (+0.1%). Among the underperformers are Aave (−5.7%), Trumpcoin (−5.3%) and The Graph (−5.3%).

Bitcoin is leading the decline in cryptocurrencies, having switched to a sell-on-rally mode over the last three days. This is clearly visible in the intraday pattern of recent days, where a gradual rise has given way to a decline at roughly the same pace. If we view the latest move as a technical correction, its potential…