DXY at a Critical Support Zone – Is a Major Crypto Rally Loading? 📉➡️📈
The weekly chart of the U.S. Dollar Index (DXY) is flashing an important signal that could strongly impact the crypto market in the coming months.
For more than a decade, DXY has respected a rising trendline (marked in green). This trendline has acted as a long-term support since around 2011. Every major touch of this zone previously led to a bounce in the dollar. But now, something different is happening. 🔍 Key Technical Observations: • DXY has recently broken below a strong horizontal support around 99.30 • Price is currently trading near 97.05, right on top of the long-term trendline • The structure shows weakening momentum after failing to hold higher highs • This zone is a make-or-break level for the dollar
📉 What If DXY Breaks Down? If DXY loses this rising trendline on a weekly close, it could signal: ✅ Long-term dollar weakness ✅ Shift of capital into risk assets ✅ Strong bullish pressure for crypto (BTC, ETH, altcoins) Historically, whenever DXY enters a bearish phase, crypto markets tend to perform extremely well. A falling dollar usually increases liquidity and investor appetite for high-growth assets like Bitcoin and altcoins. 📈 Possible Impact on Crypto Market: If this breakdown confirms: 🚀 Bitcoin could see a strong bullish continuation 🚀 Altcoins may outperform (altseason potential) 🚀 Risk-on sentiment returns globally On the other hand, if DXY bounces strongly from this trendline, we might see short-term pressure in crypto. ⚖️ The Big Picture: Right now, DXY is sitting at a critical decision zone: 👉 Hold support = short-term dollar relief 👉 Break support = likely major crypto bull phase From a macro technical perspective, the chart is leaning toward weakness, which is generally bullish for crypto. 📌 Final Thought: The dollar is losing strength near long-term support — and history shows this often fuels big moves in crypto. If DXY breaks down, the next phase of the crypto bull market could accelerate faster than many expect. (Not financial advice. Always manage risk.)
Square Pharmaceuticals PLC (DSE) – A Long-Term Uptrend Still Holding Strong 📈 Looking at the weekly chart of Square Pharmaceuticals PLC, one thing stands out clearly — the stock has respected a long-term rising trendline for more than a decade. From around 2013 till now, price action has continuously bounced from this upward support, showing strong institutional confidence and long-term accumulation.
Currently, the price is hovering around 217.80 BDT, sitting right above this major trendline. This zone has historically acted as a strong demand area where buyers step in to defend the trend. 🔍 Key Observations: ✅ Long-term bullish structure still intact 📉 Recent consolidation near trendline = possible accumulation phase 📊 Volume remains stable (no panic selling) 📈 Higher probability of bounce if trendline holds 📌 What This Could Mean: If the trendline continues to hold, we may see another upward move toward previous resistance zones around 230–250 BDT in the coming weeks/months. However, a clean breakdown below the trendline on weekly close could signal a deeper correction. 💡 Trading/Investment Insight: This area looks like a critical decision zone: Long-term investors may view it as a buying opportunity on confirmation Short-term traders should wait for a clear bounce or breakout 👉 Trend is your friend — and for Square Pharma, the long-term trend is still bullish. (Not financial advice. Always manage risk.) #Dhaka #StockExhange