Over the weekend, the market has experienced sluggish price action, with yesterday's Daily Open acting as a strong resistance level at $30,450. Despite multiple attempts, the hourly candle failed to close above this mark. If we do witness a movement today, the potential range lies between $29.9k to $30.4k.
We are pleased to note that BTC dominance continues to decline, which is a positive sign. However, investors should keep an eye on the critical bounce level of 47%, which has been seen before. If BTC falls below this level on a daily close, we may see a further drop to 45%.
Investors should also be aware of the coins exhibiting high volatility this morning, namely FLM, ONT, ARPA, and UNI. These coins may present opportunities for high returns but also involve risks, which investors should consider before making any investment decisions.
