The US dollar index (DXY), Bitcoin Thrives, Solana (SOL) is subject to the main test, Dogecoin (Doge) that reaches cash support
As the feelings of investors worldwide turned, the DXY index (DXY) continued its losing plan and entered a highly declining sloping cycle, less than important support levels. With a significant increase during the day by 1.48 %, Bitcoin shows strength and flexibility in the meantime, reaching 85,885 dollars.
This difference in the performance of the dollar to BTC is the well -known question: Is the reverse connection to the original still in place? According to the plans, the DXY decreased to less than 100 for the first time in several months, raising serious concerns in the traditional financial departments. It is possible to redefine international trade and change interest rate expectations and total economic certainty are the main causes of the dollar collapse in power.
RSI’s DXY fell into the sales lands, indicating that the artistic bounce in the index may be imminent, but it has not yet happened. Bitcoin gained strength, however. The important EMAS, especially the averages 50 and 100 days, is gradually restored, and it is currently approaching EMA for 200 days, which is an important psychological obstacle at about $ 87,000.
The last Bitcoin increase coincides with the increase in trading volume and the high investor’s willingness to bear more risks. In the past, there was somewhat inverse relationship between BTC and DXY: When the power of the dollar decreases, the most dangerous assets like bitcoin tend to increase. This pattern appears to be frequent.
The dollar decreases from the attractiveness of alternative value stores such as Bitcoin, especially in light of the future US monetary policy. As DXY continues to decrease, all eyes are on whether Bitcoin can maintain this penetration. More capital rotation to cryptocurrencies can be produced if it continues, especially from investors who flee the value of Fiat.
Solana, wave ride
An increase of 1.76 % for this day, Solana is currently riding a short -term rising wave of about $ 131. A steady accumulation of momentum has been indicated through the movement of origin in the upward trend line during the past few sessions. But this rise is now approaching a critical turning point, and the collapse below the direction line can lead to less than $ 130, highlighting the final support zone of about $ 116.
Technical indicators indicate that the Sol recovery was often driven by momentum, as the volume increased significantly to support strong institutional support or division. The absence of volume support may condense the declining pressure if this trend is broken. The relative strength index remains neutral but marginally higher, allowing a quick reversal of the momentum in the sale pressure.
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Even with a shaky technical background, Solana’s comprehensive story gets a batch of ETF Balchunas, who recently confirmed that Canada will offer a number of Solana investment funds on April 16. Pioneering asset managers such as the EvolVE CI and 3IQ purpose will be issued by these funds, which have been approved by the Air Force Commission (OSC).
These circulating investment funds are unique in that they allow Sol Stokeing, which are not provided by ETF that currently not depends on the United States. This step places Canada at the forefront of Altcoin ETF innovation and can create a standard for investment vehicles in the currency encrypted in the future in international markets. The real test will be whether Solana can maintain its upward momentum, although ETF news may continue to improve investor morale in the near future. 100 EMA can be re -testing about $ 154 if the resistance range ranges between $ 135 and $ 140. However, everyone’s attention is still in this direction.
Dogecoin target high
The short -term trend line, which served as a reliable support level for the previous few trading sessions, allowed Dogecoin a little $ 0.16. But this bullish trend began to appear fragile, and a break under the trend line may display this origin to a great negative pressure, which may push DOGE to less than $ 0.14 support.
With the support at the bottom of the trend and resistance line waving on the horizon approximately $ 0.167, Dogecoin was traded in a fairly narrow range, according to the scheme. In addition to destroying the current upper structure, the decline below this trend line would give the market a clear significant signal. The next important support zone, which was previously a strong area but rather it may not retain if the pressure sale raises the speed, is about $ 0.10. Doug faces a difficult future.
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While the main averages, especially 100 and 200 Emas, are still heading down and hovering over $ 0.21, the main resistance areas are at $ 0.167 and $ 0.18 have already rejected the original several times. It is likely that any bullish step is short -term until these many size are wiped.
Given that the RSI is close to the neutral area, either the direction of movement is possible. The trading volume is still low, indicating that the bulls and the bears are very confident. Because of the increased uncertainty, it is extremely important to monitor the current trend line.
