One of the most bullish charts out there.
According to a survey TON surpassed ETH daily users. Obviously using Telegram helps a lot, but still, fundamentally strong with local support around $6.75 which has been tested 3-4 times already and looking rock solid.
Probably ready for the next leg up
It's kind of a now or never moment for alts (OTHERS.D)
Currently testing a major support that needs to hold. Last thing we want is that dominance re enters the ascending triangle..
There was this wick from a previous meltdown (13/4/24) and as you probably know wicks get filled sooner rather than later in order to move forward.
Some take a long time to get filled and some other and especially when it comes to altcoins which are super vulnerable to sudden BTC swing get filled really soon
This was the case today. A simple ~3% dip for BTC and...
Others.d is stuck in this channel. Random coins pumping every now and then doesn't make in an alt season. Especially when those are meme coins.
BTC.D is on the rise, and the ones that suffer the most are id/low cap coins, hence ones outside top10.
Expecting BTC.D to rise up to ~60% before. Then and only then there will be a swing and we'll be able to see alts...
It's no secret that when BTC runs focus is on BTC and BTC alone, at least in most cases.
People sell their alts to un the BTC wave and when they feel they want out, they go in USDT or any stable of their choice, but not back to their alt position.
Hence alts suffer...their collective dominance drops significantly and while fundamentally strong ones recover many...
There's obviously liquidity sitting in that zone but BNB is crunching it down with every visit at that area.
Momentum is looking strong once again. Couple that with BTC trying to establish he 69K area as support and you get a clear picture of what's coming.
If it breaks through that liquidity zone, nothing but clear skies towards a new ATH
The past few weeks anything AI related and more specifically AI coins are the biggest sleepers at the current state of the market.
NEAR often acts independently from the rest of the market and ain't 100% corelated to BTC but in this case it looks like it lost its momentum and a very significant support zone at ~ $7.60
Reclaim it and we run higher, much higher or else...
