The breakout of the descending wedge signals potential growth$SAND $VET $BTC

The recent breakout of the descending wedge on the daily chart indicates potential growth to the Fibonacci level of 2.0 at $4.2 trillion. Bitcoin maintains a market dominance of 55.81%, with its price fluctuating between $92,000 and $100,000 for several weeks. Analysts believe that a breakout and consolidation above $100,000 will elevate Bitcoin to new highs and lead to a broader rally in the market.

Meanwhile, Ethereum continues its bullish breakout, aiming for a price target of $10,000 within the next 6-8 months. DeFi activity is also on the rise, with a 24-hour trading volume of $8.39 billion, accounting for 8.98% of the total cryptocurrency volume. Stablecoins dominate liquidity with a daily volume of $83.54 billion, demonstrating a strong market foundation.#BinanceMegadropSolv #BitcoinHashRateSurge #BinanceAlphaAlert