Evaa Lina

• USDT Dominance (USDT.D) Analysis

• Currently seeing a downtrend from the highs of late 2022.

• Trading below both the 50-period and 25-period Simple Moving Averages (SMA).

• Key Support Level: Next major support is identified around 3.90%.

• A break below this 3.90% support could indicate increased risk-on sentiment for crypto markets, potentially leading to altcoin rallies.

• When USDT Dominance falls, it generally suggests money is flowing out of stablecoins and into other cryptocurrencies. Conversely, a rise implies money moving into stablecoins, often seen during market uncertainty.

• For Binance Traders: Keep an eye on the 3.90% level. A decisive move below it might signal a good time to look for entry points in altcoins.
#ALT #cryptocurrencies #CryptoAnalysis #Altcoin

• TOTAL3 (Altcoin Market Cap excluding BTC & ETH) Analysis

• The chart displays a clear Cup and Handle bullish pattern indicating a significant accumulation phase.

• Cup Formation: The broad rounded bottom formed from late 2021 through early 2024.

• Handle Formation: A more recent smaller consolidation period which is typically a short downtrend or sideways movement.

• Confirmed Breakout: We've recently witnessed a decisive breakout above the resistance line that marks the top of the Cup (around 1.1T USD).

• Bullish Implication: This breakout is a strong technical signal suggesting that altcoins (outside of Bitcoin and Ethereum) could be entering a robust upward trend.

• For Binance Traders: This could be a good time to re-evaluate altcoin portfolios and look for potential opportunities.

#TOTAL3 #Altcoins #Crypto #MarketAnalysis #TechnicalAnalysis