$PHB is On Fire — Up 30% and Rising! Phoenix (PHB) has jus | CoinInsight on Binance Square

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$PHB  is On Fire — Up 30% and Rising! Phoenix (PHB) has just broken through a triangle pattern on the 4-hour chart, resulting in a clear 30% increase so far, with momentum continuing to build. 📈 

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BTC Dominance Analysis Bitcoin dominance has broken down from a rising wedge pattern with significant volume, suggesting a potential bullish rally in the altcoin market. It is currently trading within a critical horizontal support/resistance zone, with the 100-day moving average serving as a resistance barrier above the price. A bounce from this level could lead to short-term consolidation, while a breakdown might trigger further downward movement. It's important to note that Bitcoin dominance often has an inverse relationship with the altcoin market cap.

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Here's the analysis of $ETC : $ETC has surpassed the key level of $21.00 to $21.84, indicating a strong upward movement. This suggests that further continuation is likely. Currently, the price has slowed and may experience a slight retracement, making it a good buying opportunity at $23.00.

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$AXS /USDT LONG Entry Point: - Entry: Market Price ($2.900) - DCA Level: $2.745 Stop Loss: - Hard Stop Loss at $2.618 Target: - Final Target: $4.832 Leverage: - 5x - 10x Reasoning: - Daily Resistance Breakout Retest - 1D 12 EMA Support - Trendline Breakout Rating: - This setup is rated 6/10

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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.

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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.

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