Total 3 shows renewed pressure toward the VWAP after reaching its October target, as traders watch weakening momentum and shifting exchange volumes. The structure suggests another test in December before a temporary rebound forms into early 2026.
- •Total 3 nears a December VWAP test as cycle patterns point toward a temporary rebound.
- •Exchange volumes decline across major platforms as liquidity levels remain uneven.
- •Market structure signals weakening momentum after reaching the October target.
Total 3 Forms Another Approach Toward VWAP
Total 3 remains aligned with the structural patterns that shaped the broader crypto market since late 2022. CryptoBullet noted that the October target was met before Total 3 moved back toward the VWAP. Each cycle followed similar behavior, where expansions returned to this dynamic mean.
Last week delivered another VWAP interaction, though the bounce lacked earlier strength. The weaker reaction suggested reduced depth behind the move. That softer response increased the likelihood of a lower-high formation, which historically appeared before deeper macro retracements in Total.
The drop from the recent peak formed a descending retracement channel similar to earlier declines. During those past moves, Total 3 completed a second VWAP test before building a short-lived recovery. The current structure follows that same template with clear consistency across the trend.
December Retest Signals Liquidity Sweep Conditions
CryptoBullet mentioned that Total may complete another VWAP test in December. The structure indicates liquidity sitting below recent reaction lows, which often leads to one more sweep before a temporary wave upward begins. These moves often appear before counter-trend rebounds.
The next two months remain crucial as Total attempts to maintain its position above the VWAP. If support holds through December and into early January, a rebound could carry into Q1 or Q2. That phase would mirror earlier cycles where Total 3 formed a controlled recovery ahead of larger shifts.
Long-term behavior still suggests a break below the VWAP in 2026. That projected move would end the multi-year structure that held throughout this cycle. Yet for now, Total 3 continues to form conditions for a short-term upward move before broader instability emerges later.
Exchange Volume Data Shows Cooling Activity
The exchange ranking table shows shifting participation across major platforms during this phase. Binance continued to lead with $14.49 billion in daily volume, driven by a broad asset roster and high weekly visits. Its liquidity score remained the strongest in the group.
Coinbase posted $2.38 billion in volume with fewer listed assets but stable liquidity. Its smaller weekly visits reflected its institutional usage pattern. Upbit continued being active in the KRW markets, which was boosted by their over 1.8 million visits per week.
Bybit, Gate, KuCoin, Bitget, and MEXC noted volumes ranging between 1.2 billion and 2.8 billion and were very active in altcoins. Their seven-day volume trends reflected cooling conditions across the market, consistent with the slower response seen in Total 3.