stablecoin dominance update ๐จ โshort term -> broke out of the channel, bear flag invalidated, that's this week's red board explained โnow -> descending channel formed on top of the bounce โexpectation -> the white arrow, rolls back down โmonthly -> double top at 9.4% untouched, big picture intact โthe bounce was the market breathing, the channel is the exhale
$CRV \rightarrow at the five year descending line floor \rightarrow bounced off the magenta support, doubled since โnow \rightarrow 0.35, pressing the cyan line โfirst target \rightarrow $0.44 on the break through it \rightarrow $1.5 measured โinvalidation \rightarrow rejection back toward the floor โfive years of ceiling, one close from history
#WLFI $WLFI โ 161 days in the box โprice โ 0.0534, drifting toward the floor at 0.051 โthe test โ the box bottom, not the trigger yet โhold โ base matures, 0.064 break then 0.126 โweekly close below โ invalidation, posted either way โthe floor gets asked the question before the ceiling does
$STRK Breaks Key Resistance on the Daily Chart โSTRK has pushed above the major $0.061-$0.063 resistance zone, reaching around $0.0715 with strong bullish momentum. โMy view: This breakout looks promising, but the sharp move also increases the risk of a short-term pullback. โI'm watching $0.061-$0.063 as potential new support. If buyers defend this zone, $0.075 and $0.080 could be the next targets. โA daily close back below $0.061 would weaken the breakout setup. โI prefer waiting for a clean retest rather than chasing this candle. โConfirmation matters more than hype.
๐น๐ญ JUST IN: Thailand's SEC has finalized rules for Bitcoin and Ether ETFs on the Stock Exchange of Thailand, with trading allowed from October 16.
๐ฅ BULLISH: The next wave of institutional money could be waiting on the sidelines.
Speaking at LONGITUDE Singapore, Grayscale's Laurie Katz highlighted how banks, family offices and pension funds exploring crypto could drive broader adoption.