DarkWhale

#solbtc $sol SOLUSD Megaphone bottomed. $205 min and $340 max Targets.
#solanaetf
Solana (SOLUSD) has been trading within a Megaphone pattern, which technically had the price bottomed on its Lower Lows 3 days ago. That bottom was also a 1D RSI oversold barrier (30.00) test, which is exactly where the December 22 2024 Low was priced.
Being below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line), the natural short-term Target is again the 1D MA50 at $205.00, similar to the January 03 test.
On the longer term, if SOL makes a 1W candle closing above the 1D MA50, we can res

The #SOL /USDT pair has formed an Inverse Head & Shoulders (H&S) pattern, which is a bullish reversal signal. This suggests a potential upward breakout after a prolonged downtrend.
Key Technical Observations:
🔹 Inverse Head & Shoulders Formation: The structure consists of a left shoulder, head (LL), and right shoulder, indicating a shift from bearish to bullish momentum.
🔹 Neckline Breakout: The price has broken the neckline resistance at 172.19, confirming the bullish setup.
🔹 RSI Bullish Divergence: The Relative Strength Index (RSI) showed a divergence at the head, signaling increasing bu

🔈 Bitcoin Dominance
👉 Bitcoin dominance is holding steady above 61%.
👉 It has bounced multiple times from the support area (previous dominance high).
👉 For altcoins to perform well, Bitcoin dominance needs to drop below this 61% support level.
👉 If Bitcoin dominance does not break this support and rises again, altcoins may face further correction.
👉 Bitcoin dominance is at a crucial support level—if it breaks below, altcoins may recover; if it moves up, altcoins may weaken further. Keep an eye on Bitcoin dominance! 👀

🚨 Big CPI Report Today! 🚨
The US CPI data comes out at 7:00 PM, and it could move the market.
Here’s what to watch:
🔹 Below 2.9% = Bullish 📈
🔹 At 2.9% = Neutral
🔹 Above 2.9% = Bearish 📉