Crypto prices are sparking back to life, with the total market cap making a run towards a really important resistance area. After what felt like weeks of sideways movement and not much conviction, the charts are finally showing some exciting signs of a turnaround. Currently, the entire crypto market is valued at roughly $2.64 trillion, hanging around some key moving averages. But as things start to pick up speed, everyone’s wondering: is the market about to blast off towards $3 trillion—or is this just another head fake?

What’s the Daily Story on Crypto Prices?

Looking at the daily chart for the total crypto market cap, we can see it’s climbed back above the 20-day SMA (around $2.62T) and is now bumping up against the 50-day SMA (about $2.71T). This 50-day SMA is a big hurdle that stopped previous attempts to break higher. If we see a daily close above this level, it could pave the way to the 100-day SMA at $3T, which is a major target both psychologically and technically.

Interestingly, the Heikin Ashi candles are looking strong again after a period of flat consolidation, suggesting that the bulls are starting to take charge once more. The ADL (Accumulation/Distribution Line) is also on the rise, climbing from its recent low of 1,574.28. This is a good sign of renewed interest from investors and fresh money flowing back into the broader market.

While the 200-day SMA is still looming above at $2.91T, a solid push above the 50-day average could really act as a springboard for a more sustained upward move. So, overall, the daily chart is hinting at a cautiously optimistic picture, but we really need to see volume pick up to confirm this.

Is the Hourly Chart Backing Up a Breakout?

Drilling down to the hourly chart for crypto prices, we saw a strong surge recently, jumping from $2.54T to $2.65T, even testing and briefly poking above the 200-hour SMA. However, it’s since eased back a bit to $2.63T, a slight dip of 0.57%, which looks like some short-term profit-taking.

The price is still holding above the 20, 50, and 100-hour SMAs, and these averages are starting to fan out upwards – which is often an early indicator of strengthening momentum. If the market can hold its ground around the $2.60–$2.61T area when we see the next pullback, it would signal that buyers are ready to jump in even at slightly higher prices.

The hourly ADL has also bounced back to 1,303.02, further suggesting that these recent gains weren’t just based on hype – they were backed by actual buying activity. As long as this pattern continues, the path of least resistance seems to be pointing upwards.

Are the Bigger Picture and Market Mood Helping the Technicals?

This technical bounce seems to have some support from a more positive vibe in the wider financial world. Chatter about potential altcoin ETFs, some encouraging regulatory shifts in certain US states, and Bitcoin’s strength holding above $70K are all helping to boost market confidence.

On top of that, stablecoin inflows are increasing, which is often a sign of fresh funds coming into the market, and that can often lead to a broader rally. It looks like traders and institutions are becoming more willing to get back into riskier assets, and the total market cap is a pretty clear reflection of this renewed enthusiasm.

However, it’s not all clear skies just yet. Volume on these breakout attempts is still only moderate, and we really need to see a daily close with strong volume above $2.71T to really confirm a change in trend. Without that, there’s a chance this move could lose steam and we could just end up back in a sideways trading range.

So, What’s the Outlook for the Days Ahead?

If this momentum keeps up and crypto prices manage to break decisively above the 50-day SMA, a quick push towards $2.85T–$3T definitely isn’t out of the question. This kind of move would likely happen alongside bullish breakouts in major altcoins, strength in Ethereum, with meme coins possibly starting to pump again.

On the flip side, if resistance around $2.65T proves too strong and the price dips below $2.60T, we could see a short-term drop towards $2.52T, where the 100-day SMA is currently acting as support on the hourly chart.

Bottom line, the next few trading sessions—especially on the daily chart—are going to be crucial. Crypto prices are right at a potential breakout point, and how the market reacts this week will likely set the stage for the rest of April.

Time to Buy or Sell? What to Do Now

Right now, crypto prices are hanging around a key breakout zone, making this a really important moment for traders. For those thinking long-term, this could be a good chance to buy the dip, particularly if the market confirms support above $2.60 trillion. Momentum is slowly building, and the charts are suggesting that bulls are trying to turn resistance into support. However, if you’re a short-term trader, it’s still wise to be cautious until we see a clear breakout beyond $2.71T with strong volume. Jumping in too aggressively before that confirmation could lead to getting whipsawed. If you’re already holding positions, this might be a good time to tighten up those stop losses or take some profits off the table while you watch to see if this next leg up has legs.