Total could drop hard if it breaks 1T

After retesting the recent high in the 1.2T zone during mid-summer, the Total Crypto Market cap has begun to decline and has dropped to the 1T zone support level. The rise on August 23rd was, in fact, only a spike, and the bulls were unable to sustain their gains. Now, we find ourselves once again near the support level.

Considering the inability to achieve a new high in the summer and the subsequent drop to this horizontal support, I'm feeling very pessimistic about the future. If we break below this support, it will expose the next level at 870, but to be honest, I'm more focused on the possibility of a test of the 750 low.