#US DOLLAR ANALYSISThe US Dollar has broken down from the ascending channel. The 50MA is acting as a resistance barrier, while the 100MA is providing support. A breakdown below the 100MA could trigger further downside, whereas a breakout above the 50MA may lead to price action moving back inside the channel. Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming #crypto trends. #crypto
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#US DOLLAR ANALYSISThe US Dollar has broken down from the ascending channel. The 50MA is acting as a resistance barrier, while the 100MA is providing support. A breakdown below the 100MA could trigger further downside, whereas a breakout above the 50MA may lead to price action moving back inside the channel. Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming #crypto trends. #crypto