✅ Strong Trendline Support – Holding firm, indicating stability. ✅ Support Maintaining Well – No major breakdowns, buyers stepping in. ✅ Secured Buying Pressure – Bulls defending key levels.
📈 Target: $700 – If the support holds, we could see another push towards $700! Stay tuned for the next move.
Bitcoin dominance is showing clear signs of weakness after facing rejection from the 61.15% resistance zone. The price is now testing the ascending trendline support, and a breakdown from this level could trigger a strong bearish move.
⚠️ Bearish Signals: 🔻 Rejection from major resistance 🔻 Lower highs forming 🔻 Trendline at risk of breaking
If BTC dominance breaks below this trendline, we could see a sharp drop, which may indicate money flowing into altcoins or a broader market correction.
📉 Next Support Levels: 🔻 60% – Psychological level 🔻 58% – Strong support zone
Watch closely—a breakdown could accelerate bearish momentum! 🚨
📉 Market Overview: Filecoin ($FIL ) is showing strong signs of a potential reversal after a period of decline.
✅ Key Insights:
Strong Support: Price is holding firm at a critical support level, preventing further downside.
Bullish Divergence (Bull Div): RSI and other momentum indicators suggest a bullish divergence, indicating potential upside.
Oversold Area: $FIL is currently in an oversold zone, increasing the probability of a bounce.
🚀 My Strategy: I'm buying in spot at these levels, anticipating a recovery. If the momentum continues, we could see a solid move upward in the coming weeks.