$DOT /USDT Polkadot is rebounding from the lower boundary o | CoinInsight on Binance Square

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$DOT /USDT Polkadot is rebounding from the lower boundary of the descending channel pattern on the weekly chart🧐 
The price is recovering from this key support level, with increased buying volume indicating strong accumulation🔥 
This technical development suggests that we could see the price rise toward $16🎯 

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The price range of 0.507 to 0.309 is crucial for Alice. If the price surpasses 0.507, we can anticipate an upward movement and aim for higher targets. However, if it fails to break 0.507, we should expect a move towards 0.309. The market trend remains bullish.

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The MVRV ratio indicates that Bitcoin holders currently have an average paper gain of +125%, which is below the +180% peaks observed when Bitcoin reached $73,000 in March and $100,000 in December. Although there are $1.2 trillion in unrealized profits near all-time highs, the lower MVRV ratio suggests that the realized cap (capital inflows) is growing faster than the market cap (price appreciation). This implies that new money is still flowing into Bitcoin at high levels, resulting in a broader distribution of profits across the network.

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$BTC USDT Update: 2h Bitcoin is currently moving sideways, and we might be seeing the formation of a falling wedge pattern. It's possible we'll experience a fake-out from above, allowing for liquidity to be gathered before a strong upward move. During this liquidity grab phase, altcoins will likely experience significant gains. Meanwhile, Bitcoin will gradually consolidate below the resistance as altcoins surge. Following this, $BTC is expected to make a substantial move to new all-time highs before the next correction.

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ATOM/USDT ANALYSIS ATOM is encountering resistance at the horizontal supply zone within the ascending triangle pattern, with the 100MA serving as an additional barrier above the current price level. The price may continue consolidating within this pattern, but a breakout above the resistance would confirm a bullish trend. Keep a close eye on the developments.

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🇺🇸 U.S. Economic Data for This Week: • JOLTS Job Openings (Tuesday) • Consumer Confidence (Tuesday) • ADP Nonfarm Payrolls (Wednesday) • Q1 GDP (Wednesday) • Pending Home Sales (Wednesday) • Federal Reserve Rate Decision (Wednesday) • Core PCE Inflation (Thursday) • Employment Cost Index (Thursday) • Jobless Claims (Thursday) • Nonfarm Payrolls (Friday) • Unemployment Rate (Friday) • Average Hourly Earnings (Friday) • ISM Manufacturing PMI (Friday) • Consumer Sentiment (Friday)

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