The cryptocurrency market continues to exhibit fluctuations in asset value, with $IRYS being a notable example. A recent breakout by the altcoin has led to an increase in price by over 20%, but this growth has slowed down, entering a consolidation phase.
This phase is characterized by a tight range movement, indicating exhaustion of momentum at highs. Typically, such movements signify absorption rather than immediate reversal. Despite this, the market's strong bullish structure suggests that gains will be maintained.