💰 $DOGE looks interesting with the bounce off the key suppo | Crypto Revolution Masters on Binance Square

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💰 $DOGE looks interesting with the bounce off the key support zone (former resistance of accumulation range)🧐

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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a bull flag pattern and is presently trading within the Ichimoku cloud. For a bullish continuation, it is crucial to wait for a successful breakout from both the Ichimoku cloud and the bull flag pattern, indicating strong upward momentum. However, caution is advised as a break below the support trendline of the bull flag would invalidate the pattern, suggesting a potential shift in market sentiment and the possibility of further downside movement.

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#ALTS MARKET CAP ANALYSIS The ALTS market cap is experiencing a significant rebound from the support trendline of the descending channel, signaling potential bullish momentum. This rebound is currently facing resistance from the Ichimoku cloud, which is acting as a barrier. However, the 200-day Moving Average is providing strong support, further indicating a bullish trend. A decisive breakout above both the Ichimoku cloud and the descending channel would likely trigger a robust bullish rally in the ALTS market, suggesting substantial upward movement and positive investor sentiment.

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