look at my tag this afternoon, I gave it a sui tag, but I didn't discuss it, because I also had doubts, but the price difference this afternoon and now is quite big
SKplayer
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what do you want to highlight is sui going to bullish or bearish
$XRP is trying to break through the main resistance to continue the bullish trend, that's just a technical analysis, but fundamentally, xrp is gathering fuel to climb higher,
I don't recommend, this is just an opinion, This is not financial advice
$BTC dominance has been confusing people lately, but it might be looking way better than you think.
Despite breaking structure in a positive way for alts, it's been going down, back up higher than people thought and now down again. The reason for this is that market structure works differently than most people think. Support lines ain't absolute, trendlines ain't either.
They are literally INVISIBLE lines that we draw ourselves.
But what they do, do well? Highlight structural breaks.
Change of trend or momentum. Bitcoin dominance took a pretty strong tumble in a very long time last month.
So, obviously people started getting confused when it went back up last week. Especially when it did not respect the higher trendline as a retest.
(I know I'm probably making this quite complicated for beginner level TA analysts but bear with me) The earlier break of structure was quite proposing and despite price not retesting the outer trend like or higher time frame support. It did actually retest its area of origin.
The supply area it left behind or orderblock for those more well versed in TA terms.
Nothing is 100% absolute but don't count out Bitcoin dominance breaking down at all just because we retraced a little last week.
And certainly not because it was not respecting some imaginary trend line we drew (the line is mainly there to highlight a break of structure).
All things are still falling into place. It's just only visible for those well versed enough to see it. Don't fall for the retail traps.
after the Santa rally, the market starts to vary, coins whose fundamentals are not strong will soon fall, and coins with strong fundamentals will start to do well, there may also be a hard pump. . .
I don't recommend anything, because Bitcoin's dominance has not yet seen a significant decline
bitcoin will rise once again, and its dominance will fall to 50%,, after that there will be a fairly deep decline,, then altseason will begin, , don't want to recommend anything, but I hold a lot of xrp, sui & avax
most markets are starting to try to break through the lower support, if there is a strong bounce, then many coins will rise significantly like the beginning of the increase, but if $BTC dominance does not fall, then the market will be slowly bearish, there are only a few strong coins that can survive such as $XRP , $ETH , BNB, SUI, AVAX
RLUSD is in circulation, will xrp reach a new ATH? 🤔 but Bitcoin's dominance is very strong, hopefully after the Fed cuts interest rates, things can recover higher. 😌