$HBAR /USDT Following a clean structural breakout above key resistance, $HBAR is displaying a strong bullish posture. Price action is transitioning into an expansion phase with buyers firmly in control, paving the way for an immediate continuation higher.
$ACH /USDT has successfully cleared local structure and confirmed a bullish breakout. We anticipate an imminent upside expansion as buying volume builds. Track the price action closely for continuation signals.
🔼 Altcoins outperform $BTC as 70% climb back above their 200-day average
Altcoin momentum is surging those days.
Total3, which represents altcoin market cap excluding $ETH , has just moved back above the $800B threshold, a level not seen in over 8 months. This move structurally breaks above May's high, backed by a strong daily close.
$SPELL /USDT is currently trading around $0.0000852 after confirming a bullish breakout from a Falling Wedge pattern. Based on this market structure, momentum is shifting upward, and we could see a strong expansion move/pump in the near term.
Altcoin leverage is still sitting below its risk threshold. When the share of altcoin open interest comes within a few percent of Bitcoin's, the market is usually overheated. That condition is not currently met, indicating a potential for alts to run further.
Transaction fees on the Ethereum network have dropped significantly. Since reaching a peak value of $0.72 on April 21, today the average transfer transaction is estimated at just $0.095, even considering that $ETH 's market value is now higher.
📊 #Altcoin leverage is still sitting below its risk threshold. When the share of #altcoin open interest gets within a few percentage points of #Bitcoin ’s, the market has historically shown signs of overheating. That condition is not currently present, suggesting leverage across altcoins remains relatively controlled. 👉 This leaves room for altcoins to potentially move higher if demand continues and leverage remains manageable. 📈
$CELR /USDT has successfully cleared local structure and confirmed a bullish breakout. We anticipate an imminent upside expansion as buying volume builds.