Bottom is in. Price has perfectly tagged the lower boundary of a long term descending channel, a textbook area where trends reverse. Seller exhaustion is clearly visible here.
Strong historical demand zone. This region has acted as a major accumulation area in the past, and price is once again showing respect to it with a sharp slowdown in downside momentum.
Macro structure still bullish. Despite the correction, PENDLE remains in a broader bullish cycle after a massive expansion from the lows. This pullback is a healthy retracement, not a trend breakdown.
Compression before expansion. Tight monthly candles near channel support usually precede violent upside moves once direction flips.
Reclaim = liftoff. A move back above mid channel resistance opens the door for a fast rally toward previous supply zones, with momentum continuation likely.
Risk-reward heavily favors upside. Downside is limited from this base, while upside potential is multiple times higher as mean reversion kicks in.
This chart screams accumulation at macro support. The technical structure strongly confirms that the bottom is in, and PENDLE is positioning itself for a powerful trend reversal to the upside.
Bottom is in. Price has completed a clean falling wedge descending channel, a classic bullish reversal structure on the weekly timeframe. This pattern typically marks seller exhaustion and the start of a new trend.
Strong base formed near the lows.
Momentum is shifting as selling pressure fades.
Breakout potential building. Price is compressing near the wedge’s lower boundary, which historically precedes an impulsive upside expansion once resistance is cleared.
Mean reversion in play. After a deep correction from prior highs, BANANA is heavily discounted; rallies from such structures often travel fast and far.
Upside targets open up. Once price reclaims the mid range resistance, the chart structure supports a strong move toward higher weekly supply zones, with continuation momentum expected.
Bitcoin dominance could continue to drop in its current state but it still would create no altseason.
The problem 👇
There are good metrics to use and bad metrics to use.
Bitcoin dominance without context is NOT one of them.
Remember when the timeline went wild once it started dropping? A whopping 10%.
That was an insane altseason we had when it did wasn't it.
Lemme explain:
1/ Bitcoin dominance INCLUDES stablecoins. Stablecoin dominance has strongly been on the rise lately.
So while people look for altseason when it drops, without context it's a fake signal.
2/ Bitcoin dominance doesn't work when Bitcoin is in a downtrend.
While Bitcoin dominance has indeed dropped a good amount. Bitcoin is also trading $40,000 lower than it's peak.
Bitcoin dominance has dropped about 10%, but its price has dropped about 30%.
So in terms of $ value which we use to make a profit, altseason is nowhere to be seen despite Bitcoin dominance dropping.
It needs a confirmed bottom and preferably an uptrending Bitcoin as it did in the past.
~
Why am I saying this again? A few weeks/months when I mentioned this, it was almost blasphemy to speak about it.
Today when altcoins keep making new lows after lows some realize (sadly the hard way) that things are indeed not that straightforward and need context.
~
Listen, Bitcoin dominance isn't entirely useless. It's a good metric when we got a strong bull market. Especially when Bitcoin is going up.
In the right environment it works. But take some conditions away, and it turns into a very misleading indicator (don't tell this on crypto twitter).
And yet, it's almost the most used chart this cycle.
There are indications that will light up when risk-on environment on alts kickstart again.
When the mythical "altseason"'might happen. But those haven't lit up yet.
Will be here when they do. And it won't be me just looking at Bitcoin dominance isolated.
Completed Deep Correction, Fresh Reset RENDER has already gone through a full corrective cycle from its peak, shaking out weak hands. Deep resets like this typically mark the end of distribution and the beginning of a new accumulation phase.
Clear Descending Wedge Structure Price has been compressing inside a falling wedge, a textbook bullish reversal pattern. These structures almost always resolve to the upside once selling pressure fades.
Strong Demand Zone Respected The lower range around current levels has repeatedly absorbed sell pressure, showing aggressive dip-buying and strong demand interest.
Momentum Building After Capitulation The sharp move into the lows followed by stabilization indicates capitulation already occurred. Markets usually reverse after such events, not before them.
High-Probability Trend Reversal Setup Higher lows forming inside the compression suggest momentum is quietly shifting from sellers to buyers.
Upside Expansion Path is Clear Once price breaks out of the wedge, the chart opens a clean path toward prior resistance zones around $4.9 → $7.4 → $9.9, with momentum likely accelerating as each level flips into support.
Extreme Discount from Highs RENDER is trading far below its previous value areas, creating a strong mean-reversion opportunity. Even a conservative recovery implies multi-X upside from current levels.
Conclusion: RENDER is positioned at the end of a bearish cycle and the start of a new bullish phase. Compression, demand absorption, and structure alignment all point toward a powerful upside expansion once the breakout confirms. This is exactly how major trend reversals begin.
Massive Accumulation Zone Formed CVX has spent a long time building a solid base near historical lows. Long consolidations like this usually happen when smart money is quietly accumulating before a trend reversal.
Selling Pressure Exhausted After a deep correction from ATH, downside momentum has clearly dried up. Price is no longer making aggressive lower lows, which signals seller exhaustion and trend stabilization.
Strong Mean Reversion Potential CVX is extremely extended away from its historical value area. Assets that stay suppressed for this long often see violent upside moves once momentum flips.
Structural Bottom Confirmed The rounded price action and tight range behavior indicate a completed bottoming structure. This is classic pre-expansion behavior seen before major rallies.
Asymmetric Risk-to-Reward Current price levels offer limited downside compared to massive upside potential. Even a partial retrace toward previous value zones implies multi X returns.
Clear Upside Magnet The chart shows a clean path toward the $30–$40 region, aligning with prior high-volume areas. Once momentum kicks in, price tends to move fast through low-resistance zones.
Perfect Late Cycle Rotation Candidate CVX fits the profile of tokens that usually explode during altseason rotations fundamentally strong, heavily discounted, and ignored for a long time.
Conclusion: CVX is sitting at historically cheap levels after a full market reset. The base is built, sellers are gone, and the upside potential is massive. Once momentum returns, CVX has all the technical conditions required for a strong multi leg bullish expansion.