🧭 US Dollar at a Turning Point — What It Means for Crypto
The #USD is testing a critical level right now. It’s rebounding off the support trendline of its ascending channel, but the 100MA is capping further upside. A break below this structure could shift momentum bearish, while reclaiming the 100MA might open the door for a stronger rally.
📉 Why does this matter? Historically, a rising dollar puts pressure on crypto markets — and vice versa. So any decisive move here could impact altcoin momentum heading into the coming weeks.
👉 With inflation cooling and markets eyeing the Fed’s next move, the dollar’s direction might soon tip the scales for risk assets. Eyes on DXY — it could be the quiet trigger for the next crypto wave.
