Dollar in a Bullish Coil đ
The $USDC is currently consolidating within an ascending channel, bouncing off its support trendline.
The Ichimoku Cloud is acting as a key resistance barrier above current price action. A breakout above the cloud would strongly confirm continued bullish momentum. Conversely, a drop below the channelâs support trendline signals potential further downside. đ
Given the historically inverse relationship between the $USDC and crypto, this price action could be pivotal in shaping upcoming crypto trends. Keep a close eye on this â it could dictate the next move for $BTC and the wider market.
#USD #CryptoOutlook #MarketAnalysis #Ichimoku đ
USDCUSDT
Löpande
0.99981
-0.00%
BTCUSDT
Löpande
67,870.1
+0.09%