The total crypto market cap is currently consolidating within a rising wedge pattern, trading just below the resistance trendline. The Ichimoku Cloud is showing strong bullish momentum, indicating potential upward pressure.
A breakout above the wedge would likely signal a new high for the total market cap. However, given the nature of the rising wedge, there's also a risk of a breakdown. It's crucial to monitor the price action closely at this key level.
⚪️Entry point: $21.5 ⚪️Order type: Limit order ⚪️We bite off profit on: $20.5 ⚪️Stop: $23
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ETH has broken down from the ascending broadening wedge pattern on the weekly timeframe with significant volume. It is currently retesting the pattern from below, while the Ichimoku Cloud acts as a resistance barrier above the price action.
If the retest is successful, it could confirm a continuation of the downward move. However, if the retest fails and ETH reclaims the pattern, we may see further price action within the wedge. This is a key level to watch closely. #ETH🔥🔥🔥🔥🔥🔥 #ETH #MarketSentimentToday
⏫ Growth: If the asset manages to break through and consolidate above the $2.4000–$2.4500 zone, we can expect local growth to the $2.6000–$2.6500 area (the weekly high zone). From there, a reaction from sellers and a downward correction are possible.
⏬ Fall: If the price fails to consolidate above $2.4000, a rollback to the $2.1000–$2.1500 area — there is a potential demand zone marked there, where a reversal or formation of a base for a new upward movement may begin.
Important zones: - Resistance: $2.4500–$2.6500 - Support: $2.1000–$2.1500 - Intermediate zone: $2.4000 — key to determining direction
The price is approaching the support area as the entire market declines. You can consider opening a long position at this support level. We might see a move toward the resistance area in the coming days.
In a move that shocked everyone, Elon Musk has officially stepped down from the Department of Government Efficiency (DOGE) — the same agency he helped launch under Trump 2.0. 🤯
Here’s what went down: 🔻 260,000 federal jobs cut 📉 12% reduction in the U.S. government workforce
Now, with both parties pushing back hard, Musk’s sudden exit is shaking things up in D.C. 💥
🗣️ “The deficit keeps rising. Policy’s broken. It’s time to get back to real innovation,” Musk said in a short but powerful farewell.
But here's the twist... ⚠️ Some say he's trying to dodge the backlash from all the aggressive cost-cutting. 👂 Investors are reportedly urging him to shift focus back to Tesla and X as confidence starts to slip.
So the big question is: 🤔 Is Elon walking away from the chaos he helped create? Or is this just his next big move in true Musk fashion?
The future of Xrp is looking to High to it's rold price so hold your coins for big ones #ElonMuskTalks have some big news come from there wait and watch.