MARKET UPDATE: $A2Z $A2Z has formed a Triple Bottom pattern at the major support zone and is now breaking above the key resistance zone. Price is currently retesting this breakout level.
If the retest is successful, the next major target is near the ATH. This structure supports a bullish move as long as price stays above the breakout area.
#RUNEUSDT, the period starts January 2025 until this present day. THORChain is trading at bottom prices. The best time to buy before a major bullish wave.
Look back to October 2023, after a very strong and prolonged sideways period, the market turned extremely bullish, this is the exact same pattern we will have again. After months and months of sideways, the market will recover and turn, producing a new trend, an uptrend.
In late 2020, also around October, there was another consolidation period at bottom prices before a major rise. So this happens all the time. THORChain goes up and then hits bottom. Once at the bottom it lingers there for a while finally to recover and become super bullish. Each bullish period lasts anywhere between 6-12 months. Can be more or less depending on when you start to come but the project has been proven to move wild and big when the bulls are in. Which is what comes next.
CVX MARKET UPDATE: CVX has broken out of the falling wedge. An upward move is expected either from the current level or after a successful retest of the wedge .
BTC Outlook: After a strong and extended bullish rally, Bitcoin has finally broken below the key 114,700 zone and is currently trading around 113,250. Price has tapped into a 4-hour Fair Value Gap (FVG), which has now been filled, and we are beginning to see some minor bullish pressure building from this area. This zone could potentially act as a short-term support.
ETH Outlook: Ethereum is currently sitting at a significant 4-hour RBS (Resistance Becomes Support) level the same zone that previously triggered a strong bounce. Price has shown initial signs of rejection from this level, confirmed by the formation of a hammer candlestick, indicating potential bullish interest.
USDT Dominance Outlook: USDT dominance has reached a critical daily Fair Value Gap, which was created during a break of structure (BOS). The price has now entered this zone and appears to be attempting to fully rebalance the imbalance. How price reacts from here will likely influence short-term crypto market direction.
BTC Dominance Outlook: Bitcoin dominance is currently at a key resistance level — a zone where price previously saw a sharp rejection following a liquidity sweep. As of now, price is testing this level again, but no clear signs of rejection have formed yet. This area remains a crucial decision point.
Final Thoughts: The crypto market is at a decisive point. BTC and ETH are both sitting at important support levels, while USDT dominance is inside a daily FVG and BTC dominance is testing resistance. If both USDT.d and BTC.d get rejected from their respective zones, it may signal strong bullish momentum ahead, especially for altcoins. However, if these zones break, we could see further downside pressure across the crypto market particularly in alts.
BTC Outlook: After a strong and extended bullish rally, Bitcoin has finally broken below the key 114,700 zone and is currently trading around 113,250. Price has tapped into a 4-hour Fair Value Gap (FVG), which has now been filled, and we are beginning to see some minor bullish pressure building from this area. This zone could potentially act as a short-term support.
ETH Outlook: Ethereum is currently sitting at a significant 4-hour RBS (Resistance Becomes Support) level the same zone that previously triggered a strong bounce. Price has shown initial signs of rejection from this level, confirmed by the formation of a hammer candlestick, indicating potential bullish interest.
USDT Dominance Outlook: USDT dominance has reached a critical daily Fair Value Gap, which was created during a break of structure (BOS). The price has now entered this zone and appears to be attempting to fully rebalance the imbalance. How price reacts from here will likely influence short-term crypto market direction.
BTC Dominance Outlook: Bitcoin dominance is currently at a key resistance level — a zone where price previously saw a sharp rejection following a liquidity sweep. As of now, price is testing this level again, but no clear signs of rejection have formed yet. This area remains a crucial decision point.
Final Thoughts: The crypto market is at a decisive point. BTC and ETH are both sitting at important support levels, while USDT dominance is inside a daily FVG and BTC dominance is testing resistance. If both USDT.d and BTC.d get rejected from their respective zones, it may signal strong bullish momentum ahead, especially for altcoins. However, if these zones break, we could see further downside pressure across the crypto market particularly in alts.