bullish reversal pattern is forming โ specifically an Inverse Head and Shoulders (IH&S) ๐ง ๐.
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๐งฉ Pattern Breakdown: Inverse Head and Shoulders
๐น Left Shoulder: Late Dec 2024โEarly Jan 2025
๐น Head: March 2025 (lowest point)
๐น Right Shoulder: June 2025 (higher low)
๐น Neckline (implied): Around 3.4Tโ3.5T
๐ This classic IH&S pattern is a bullish reversal signal, indicating the downtrend might be over and a strong breakout could follow if the neckline is broken with volume.
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๐ Key Technical Signals
Metric Current Value Signal
Market Cap $3.28T Holding support โ
Resistance Zone $3.4Tโ3.5T (neckline) Crucial breakout ๐
Volume (24h) $145.08B Moderately healthy ๐
Current Trend Higher lows in place Bullish bias ๐ข
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๐ Bullish Confirmation If:
Price breaks and closes above $3.4Tโ$3.5T on strong volume ๐ฅ
Volume spikes on the breakout ๐
RSI/MACD supports upward momentum (not shown here but should be monitored)
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๐งญ Strategic Outlook
โ If Bullish Scenario Plays Out:
Target (measured move) = Neckline + Distance from Head to Neckline
โ Target could be around $4.0Tโ4.2T ๐ฅ
โ ๏ธ Invalidation:
Drop below $3.0T would weaken the pattern โ
New lower low below the โHeadโ (~$2.5T) invalidates the setup ๐
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๐ฎ Summary
Pattern: Inverse Head and Shoulders ๐ง
Bias: Bullish, if neckline breaks ๐ข
Resistance to watch: $3.4Tโ$3.5T
Potential Upside Target: $4.0T+
๐ข Watch the neckline closely. A breakout here could trigger a major rally across the crypto market.