Since the mood of the investor is shifting around the world, the dollar index (DXY) continued its loss of the strip and entered the steep downward spiral, violating the important levels of support below. With a significant intraday increase of 1.48%, Bitcoin demonstrates strength and stability at the same time, reaching $ 85,885.
Does this difference in performance from the dollar to BTC requires a well -known question: is there still a reverse correlation of two assets? According to the graphs, DXY fell below 100 for the first time in several months, which caused serious fears in ordinary financial circles. The movement of international trade, a change in interest rates and macroeconomic uncertainty are probably the main reasons for the collapse of the dollar in strength.
RSI DXY fell far into the territory of overstrables, assuming that the technical rebound in the index could be inevitable, but this has not yet happened. However, Bitcoin is gaining momentum. Important EMA, especially 50-day average values, are gradually restored, and at present it is approaching the 200-day EMA, which is a significant psychological barrier of about $ 87,000.
The recent bucks of Bitcoin coincides with an increase in the volume of bidding and increasing the readiness of investors for greater risk. In the past, several feedback arose between BTC and DXY: when the dollar strength is reduced, more risky assets, such as bitcoin, tend to increase. This template seems to be repeated.
The decline in the dollar increases the appeal of alternative costs such as Bitcoin, especially in the light of the future US monetary policy. As DXY continues to decline, all looks at whether Bitcoin can support this breakthrough. More rotation of capital in cryptocurrency may be the result of divergence, if it remains, especially from investors who are saving from devaluation.
SOLANA RIDING MAW UP
With an increase in 1.76% per day, Solan currently rides on a short -term bull wave, growing to about $ 131. The resistant pulse extension was indicated by the sequential movement of the asset within the rising trend line over the last few sessions. But this growth is currently approaching a critical turning point, and a break below the trend line can quickly push Sol below $ 130, emphasizing the final significant support zone of about $ 116.
Technical indicators show that the restoration of SOL is mainly due to impulse, since the volume has increased significantly to support strong institutional or retail support. The absence of volumetric support can increase downward pressure if this trend line breaks. RSI is still neutral, but slightly higher, which would quickly change the impulse in the pressure of sales.
Even with shaky technical experience, the general story of Solana receives an increase from the analyst Bloomberg ETF Erica Balchunas, who recently confirmed that Canada will present a number of point ETF Solana on April 16. Leading asset managers, such as the Evolve CI and 3IQ goal, will release these funds that were approved by the Ontario Security (OSC) commission.
These ETFs are unique in the sense that they allow SOL PLATing, which are currently not providing ETF based on the USA. This step puts Canada in the forefront of Altcoin ETF innovations and can set the standard for future investment vehicles for cryptocurrency in international markets. The true test will consist of whether SOLANA can maintain its pulse growth, even if ETF news can continue to improve the mood of investors in the near future. 100 EMA can be re-check about $ 154 if the resistance range is 135-140 dollars. Nevertheless, the attention of everyone is still in trend.
Dogecoin is striving
The short -term trend line, which has become a reliable level of support for the previous several trading sessions, allowed Dogecoin to rise just above the mark of $ 0.16. But this trend up begins to seem a shack, and the gap below this trend line can expose a significant shortage of deficiency, which can push to a support level of 0.14 US dollars.
With support, located just below the trend and resistance line, moving about $ 0.167, Dogecoin is traded in a rather narrow range, according to the schedule. In addition to the destruction of the current bull structure, the decrease below this trend line would give the market a clear bear signal. The next significant area of support, which was previously a strong rebound area, but may not hold if the pressure on sale increases the speed, is located about 0.10 dollars. Dog is faced with a complex future.
While the main sliding medium -sized, especially 100 and 200 EMA, are still down and soar above $ 0.21, the key resistance zones of $ 0.167 and $ 0.18 have already rejected the asset several times. Any bull move will probably be short -lived until they are cleared with a large volume.
Given that the relative force (RSI) index is close to the neutral zone, any direction of movement is possible. The trading volume is still low, which indicates that neither bulls nor the bears are very sure. From -with increased uncertainty, it is even more important to monitor the current trend line.
