Total Crypto cap enters critical support-resistance flip region

Heavy sell off in the past few days (>50B) has caused Total to break the historical diagonal support. This is confirmed by the OBV showing lower lows. Large selling in BTC has triggered selloffs in altcoins as well.
The crypto fear and greed index is at Extreme fear right now.
However bitcoin hash rate has stayed almost constant.
bitinfocharts.com/comparison/hashrate-btc-sma7.html

Outlook is neutral for the short term but bullish in the long term.