📌 TL;DR: Prices of major coins are suppressed in a sideways trend, while RSI is trending upward (Hidden Bullish Divergence). This indicates the market is accumulating power and waiting for a major move. Wait for a clear, volume-backed breakout to minimize risk.
When analyzing the 1-Day (1D) timeframe of several high market-cap coins recently, a significantly similar pattern is forming across the board:
📉 Price Action: Suppressed within a narrow range (Sideways), struggling to break resistance.
📈 Momentum (RSI): Diverging from the price by steadily forming Higher Lows.
💡 Technical Perspective:
This behavior heavily aligns with a Hidden Bullish Divergence or an Accumulation Phase.
Selling pressure absorbed: Downward pressure is losing momentum. Constant buying demand at support zones prevents the RSI from making new lows.
Coiled spring effect: The longer the price compresses, the more explosive the eventual Breakout will be once a direction is chosen.
