Today LUMIAUSDT is producing an advance, a bullish continuation, after a higher low. This is based on today's full green candle coupled with high volume.
Many other projects are producing strong green candles today, two to three digits green. This is happening while Bitcoin and the top projects trade sideways. What does it mean?
It means that we are bullish—bullish confirmed.
It means that the market will continue growing in the coming days and weeks.
It means that the recent retrace will not be extended nor become strong.
It means that the weak bearish action we saw in the past few days is all the bear action we will get.
It means that whatever happens with the Fed tomorrow, Cryptocurrency will respond in a positive way.
Now, short-term there can be volatility as professional traders take advantage of any and all opportunities to shakeout beginners. Regardless of the outcome of the political event, its effect on the market, volatility at first can be wild.
Continuing, technical analysis is king.
The market is bullish, Bitcoin is bullish and the Altcoins are bullish. This means that the results from the Fed meeting will be something positive for the market. Whatever it is that is interpreted as bullish, that will be the result. Why? Because everything will grow.
The market has been growing since 7-April, an entire month and by late May 2025 everything will be up 200%-300% from its correction bottom and low.
Lumia is not the only example, many pairs are already breaking green today. Since these are smaller than Bitcoin, and the other giants, they can easily move ahead of the pack and that is exactly what is happening.
Thanks a lot for your continued support.
Namaste.