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maverick008
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#ALTS MARKET CAP ANALYSIS The ALTS market cap has broken out of a falling wedge pattern with strong volume, indicating potential bullish momentum. However, it is currently facing rejection from both the 21-day and 50-day moving averages, which are acting as key resistance levels above the price. If the price fails to break above these MAs, a further decline in the altcoin market is possible. Conversely, a breakout above the 50MA would signal a potential recovery in the ALTS market cap. Monitor the price action closely for confirmation.....
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#RSR Analysis: The price has tested the resistance area and subsequently rejected that level. There is an uptrend line that serves as support; a break below this line could lead the price toward the major support area. You may consider opening a short position if the price tests the resistance area again. Support Area: $0.00710-$0.00740 Resistance Area: $0.00888-$0.00957
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Crypto sellers are exhausted !! 🔻🔻 Every time we’ve seen this......
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According to the latest data remarkable 88% of the total circulating supply of Bitcoin is currently in profit. This means that nearly nine out of every ten Bitcoins held by investors were acquired at prices lower than the current market value. Such a high percentage of profitable supply reflects strong bullish sentiment across the market. Historically, when this metric remains elevated, it indicates that long-term holders are sitting on solid gains — often reinforcing confidence and reducing panic selling.
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Educational 📯 post.
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