$APE is Bullish, Resistance Breakout

APE price is in a Downtrend, however, there are improvements. Following a breakout from Falling Wedge pattern, price has made a Higher Low and Higher High, which is a positive sign of potential bullish trend reversal. Price broke above $0.80 and could revisit $1.00 next for a +25% potential gain. Stop Loss at $0.64.

Full #Apecoin analysis: https://altfins.com/technical-analysis

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📊 Weekly Market Update:

#Bitcoin up 7.87%, BTC: +40% YTD
#Ethereum up 1.27%, ETH: 1.96% YTD
NASDAQ rises 5.95% to $17,684 +17% YTD

🔍 Market Insights:

Crypto Market Cap: $2.06T (+7.3%)
$BTC Dominance: 56.5%
$ETH Dominance: 14%
$USDT Dominance 8.3%

🔮 Market Sentiment: Fear (36.00)

Weekly Gainers:

$TAO 23.7%
$FTM 23.4%
$FET 19.8%

Weekly Losers:

$TRX -2.8%
$APT -3.2%
$WIF -3.8%

New Trading Video: Trading Symmetrical Triangle patterns (Ripple - XRP - example). Watch here.

We're seeing lots of assets trading in a Triangle pattern currently and many are approaching their pinnacle, which means breakouts are coming soon.

How to trade this pattern?

Which breakouts to trade (hint: trade with trend).

How to Trade Symmetrical Triangle pattern? Find out in this article...

Bullish Coins for today...

Bullish Pattern Breakouts
$CORE
$CELO
$AVAX

Coins in Strong Uptrend:
$XMR
$AAVE
$PAXG

Short-Term Trend Upgrade
$BTC
$BNB
$XRP

Early Bullish Momentum Inflection
$TRX
$XMR
$APT

MARKET UPDATE: The U.S Fed had cut rates by 0.50%, as highly expected by the market. It has also signalled more cuts to come this year. The new federal fund rates target range is now at 4.75% - 5%. The last time the Fed has cut rates by this much was when Covid-19 came across the global economy in 2020. It seems like the larger cut also signals the bank’s worry about the current state of the U.S jobs market. They grew confident that the inflation is under control, and they now shift their focus on the health of the U.S. labor market. Risk assets like stocks and cryptocurrencies reacted with a rally, especially after the Fed signalled that more cut will follow this year and they expect the fund rates to fall to 4.25% - 4.50% by end of 2024, so another 0.50% cut.

The Fed’s projections have also showed the U.S. unemployment rate will peak at 4.4% over the next two years, while economic growth will stabilize at around 2% over the next several years. The committee also predicts the core U.S. CPI will end at around 2.6% for this year, before falling to 2.2% in 2025 and 2% in 2026.

$FTM price has resumed an Uptrend. Following a bullish breakout from Falling Wedge pattern, price has also broken above $0.50 and $0.62 resistance and above 200-day moving average ($0.64). However, it's getting overbought RSI > 70) and we could see some profit taking near-term.

We would be buyers on retest or pull back near $0.50 key level for another swing trade entry with +20% upside potential back to $0.62. Stop Loss at $0.45.

Full analysis: altfins.com/technical-analysis

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Top gainers

$DODO
$SXP
$NAKA

Top losers

$APU
$BOBO
$ARPR

New Local High (30 days)

$AVAX
$FET
$SUI

New Local Low (30 days)

$MPT
$STT
$DCB

$VET is bullish, channel down patterns: altfins.com/technical-analysis

VET price is in a downtrend, however, it had a bullish breakout from Channel Down pattern, which could signal at least a temporary bullish trend reversal with +20% upside potential to $0.27 resistance. Stop Loss at $0.19.

Tutorial Video about new indicators: New Local High and New Local Low. Watch it here.

Learn more in these articles: New Local High, New Local Low

Pattern Breakouts: altfins.com/chart-patterns

Bullish Pattern Breakouts:

$ENA
$HONEY
$ORBS


Bearish Pattern Breakouts:

$TBTC
$HT
$GAL

Weekly Gainers:

$TAO 84.1%
$SUI 45.5%
$IMX 40.5%

Weekly Losers:

$XLM 0.8%
$DOT -0.7%
$KAS -2.2%

Performance for 3000 #altcoins: https://altfins.com/crypto-screener

Weekly Market Update: Read full report here.

Bitcoin up 7.54%, BTC: +50.4% YTD
Ethereum up 14.1%, ETH: 15.8% YTD
NASDAQ rises 1.5%, +19.7% YTD

Market Insights:

Crypto Market Cap: $2.22T (+7.8%)
BTC Dominance: 56.4%
ETH Dominance: 14.2%
USDT Dominance 5.4%
Market Sentiment: Neutral (51.00)

Bullish Coins on altFINS Crypto Screener

Short-Term Trend Upgrade
$ETH
$BNB
$SOL

Early Bullish Momentum Inflection
$TRX
$HNT
$FTN

Early Bearish Momentum Inflection
$BTC
$XRP

https://altfins.com/crypto-markets/crypto-market-highlights

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