#FET caught up in the anger between the Key support and resistance around $0.193 - $0.201 and $0.259 - $0.273 respectively. This up move can be the manipulative move and need to wait for the breakout to happen. A rejection can take into place due to trendline confluence, so plan the shorts accordingly.
Bitcoin is consolidating within a rising wedge pattern and currently holding above the support trendline. The 100MA is acting as a dynamic support, helping sustain the price.
As long as it continues to hold above this trendline, a short-term recovery can be expected. However, a breakdown below the wedge would likely lead to further market correction.
Bitcoin Dominance is consolidating within a descending triangle pattern and is currently facing rejection from the 50MA, which is acting as a resistance barrier.
A breakdown of this pattern would likely lead to further downside in dominance, potentially triggering a strong bullish rally across the altcoin market.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.