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Another leg down incoming?
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CryptosBatman
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We didn’t hold this long just to give up now. Altcoin Market cap hasn't even broken the trendline. It's just boring, but not broken. The real altseason never starts when you expect it. Zoom out and HODL tight! I'm still confident the big move is coming. Just survive the chop and don't overthink every candle.
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Bitcoin is playing mind games again. Price is stuck in between ~$98K and ~$112K, chopping both bulls and bears with fakeouts. Just when you think it's breaking out, it snaps back in a classic range trap. But if you look deeper, RSI is flashing clear divergence. Interest is down while price tries to hold. This combo often shows up right before a major move. This isn't distribution, but more like accumulation under the surface. One clean break outside this box, and the market will erupt. It's too early to front-run. All eyes on $98-100K right now.
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I'm fine
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USDT Dominance: Bullish or Bearish? This is the chart that decides the next big move in the crypto market. Right now, USDT Dominance is testing key resistance. A rejection here will fuel a major rally for $BTC and alts. - USDT breakout = bearish for crypto - USDT rejection = bullish reversal incoming It's wild how bearish sentiment is on alts right now. Even as the setup looks eerily similar to September 2024, when the weekly RSI lost its uptrend right before a reversal. You should follow this closely.
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It's interesting to see how big of a boost @sparkdotfi got after their SPK token got listed on Binance and other major exchanges such as Bybit, Coinbase, OKX, Kucoin etc 5 days ago. At the same time they also put an end date to their campaign, which I know made people farm harder, trying to rank up before it ended. The Cookie campaign for Spark will end 14:00 UTC on Tuesday 24th of June, so make sure to put in the extra effort until then. Some interesting market facts about Spark which is worth noticing: - Market cap of $70M - Fully Diluted Valuation of $410M - Listed on all the biggest crypto exchanges - 3,200+ on-chain holders on Ethereum - 1500+ on-chain holders on Binance Smart Chain The SPK token has broken out of a falling wedge after forming a bottom earlier, now retesting support. The main resistance is around $0.045-0.046. A breakout above this level will fuel a new rally towards $0.05. With the fundamentals of Spark, this has a big chance to do really well. As I wrote earlier, here's the key hightlights: - $2.6B+ in liquidity already under management - $160M+ in annualized revenue generated - Seamless borrowing/lending via SparkLend - Stable, sustainable yields (6.5% APY on USDC) - Low-cost borrowing (DAI at just ~1.11% annually) - Support for major collateral types: ETH, rETH, DAI Spark does things differently from most DeFi platforms. They are focusing on putting users first, not just chasing profits like they easily could have done. This one is worth looking into. I think you will like what you see if you give it a try. If you're more interested in investing, a good entry would be once it has broken above the major resistance and confirmed it as new support.
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