Between the first and second LINKUSDT (Chainlink to USD) charts:
Previous Chart (Nov 28, 2024)
The price was $18.13, and Chainlink was breaking out of a prolonged downtrend marked by a descending trendline. The yellow zone, a strong accumulation and support area, indicated a potential bullish reversal. This setup pointed to an attempt to overcome significant resistance and transition into a more bullish market structure.
Current Chart (Dec 3, 2024)
The price has surged to $25.07, showing a significant breakout above the descending trendline. This upward momentum reflects strong buyer interest and confirms the reversal from the accumulation zone. The price now appears to be targeting higher resistance levels, with the yellow zone serving as a solid base for future support. Chainlink's move demonstrates renewed strength in the market and positions it for further upside if momentum continues.
The chart shows a clear breakout from the long-term descending trendline, confirming bullish momentum. With LINK currently trading at $18.13 (+4.50%), the price has also breached a critical resistance zone highlighted in yellow.
Key Levels:
Resistance Turned Support: $15
Next Target: $25+
This breakout signals potential for a significant rally ahead. If volume sustains, we could see LINK heading towards its previous highs. 🌟 What are your thoughts on this breakout? Is this the start of a new bull run? Let us know below! 👇
After analyzing the USDT dominance and BTC/USDT charts, a key trend has emerged: USDT dominance recently retested its major support trend line from the downside, showing a 7% increase off the support area. This pattern hints at a significant shift in the market.
If USDT dominance continues to decline back toward its support zone, it could pave the way for BTC to rally. With this correlation, BTC has the potential to surge by at least 7%, potentially marking the start of a move toward the long-awaited $100K level.
The charts are aligning, and the market is at a pivotal moment. Are you prepared for the next big move?
The 4-hour chart reveals a textbook flag breakout for ProsUSDT! The coin is showing strong momentum, making it a prime opportunity for buyers. With its bullish trend and consistent volume, ProsUSDT could be heading toward a significant rally. Don't miss your chance to ride the wave!
📈 Key Highlights:
Bullish flag breakout confirmed
Strong support and volume alignment
Perfect setup for both short-term traders and long-term investors
Stay ahead of the market and track its progress on CoinMarketCap for real-time updates!
Update 🚨 : 26th November is a key date to watch in the market due to the 38 cases against Donald Trump. The market could experience a correction between 24th-28th November as a result.
With Bitcoin dominance surging, alts aren’t pumping much right now. If a correction occurs, Bitcoin could drop to $86K-$80K, presenting a great opportunity to accumulate altcoins.
The 4 projects I recommend focusing on are: Render, PHB, FET & ONDO. Stay prepared and use this opportunity wisely!