The Crypto Total Market Cap (excluding top 10) dominance is showing interesting action around the key 8.30% level. Historically, this level has acted as strong support/resistance (see 2017, 2020, 2022).
After breaking below 8.30% in late 2023, we’re now seeing a retest from the downside.
The price has bounced off this level with a decent volume spike, suggesting potential for an upward move.
If this support holds, we could see a push toward the next resistance around 11%-12% in the coming months.
Keep an eye on volume – sustained buying pressure will confirm the breakout.
💡 Trading Idea: Watch for a weekly close above 8.30% for confirmation of bullish momentum. On the flip side, a rejection here could lead to a retest of lower supports around 7%.
What do you think?
After breaking below 8.30% in late 2023, we’re now seeing a retest from the downside.
The price has bounced off this level with a decent volume spike, suggesting potential for an upward move.
If this support holds, we could see a push toward the next resistance around 11%-12% in the coming months.
Keep an eye on volume – sustained buying pressure will confirm the breakout.
💡 Trading Idea: Watch for a weekly close above 8.30% for confirmation of bullish momentum. On the flip side, a rejection here could lead to a retest of lower supports around 7%.
What do you think?
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。