The chart presents a falling wedge formation, a bullish reversal pattern signaling a potential upward breakout. Price is consolidating near support, with volume steady and momentum indicators turning positive. RSI at 51.35 shows recovery from oversold territory, while Stochastic at 99.71 confirms strong upward momentum. A breakout above wedge resistance could spark a sharp rally. Entry is ideal at 2.7275, with SL at 2.5569 to manage risk. Potential targets are TP1: 3.3596, TP2: 3.5082, and TP3: 3.6512. If buying pressure sustains, these targets can be reached quickly, making this setup attractive for bullish traders.
The chart shows a clear descending channel in USDT dominance, with price recently rejecting from upper resistance and now trending lower. This decline signals that traders are rotating out of stablecoins and into risk assets like altcoins. Volume confirms selling pressure in USDT dominance, while RSI at 58.34 is slipping from overbought levels, and Stochastic at 1.21 is deep in oversold territory, suggesting further downside. A drop in dominance often fuels altcoin growth, and with this pattern playing out, assets like XRP could experience strong bullish momentum soon. This setup hints that an altcoin pump is likely on the horizon.
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