The indicator is moving within a clear descending wedge pattern (a positive reversal pattern), and with the breakout above its upper boundary, we began to see the first signs of a change in price behavior from decline to accumulation, then an attempt to rise.
Currently, the price is facing the demand zone (OB) above the pattern. The scenario of holding above the wedge + breaking the OB suggests a gradual move towards 9.01% → 10.75% → 12.82% (the beginning of a gradual altcoin cycle rather than an immediate explosive one)
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OTHERS.D 🕯 1W
The indicator is moving within a clear descending wedge pattern (a positive reversal pattern), and with the breakout above its upper boundary, we began to see the first signs of a change in price behavior from decline to accumulation, then an attempt to rise.
Currently, the price is facing the demand zone (OB) above the pattern. The scenario of holding above the wedge + breaking the OB suggests a gradual move towards
9.01% → 10.75% → 12.82%
(the beginning of a gradual altcoin cycle rather than an immediate explosive one)
The loss of the zone and returning inside the wedge would delay the altcoin season and prolong Bitcoin's dominance before any real wave.
#MarketRebound #solana #bitcoin #Ethereum #Others