Stablecoins on a Power Trip: 10% and Counting!

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Stablecoin dominance TBO support leapt from 8% to nearly 10%, a move analysts claim is as normal as a bear market pivot. Not financial advice, but we’ll pretend it is anyway.

Combined stablecoin dominance TBO support rocketed from 8.051% to 9.986%, because why not? MooninPapa on X (a platform where people yell about crypto until they cry) insists this isn’t just “ordinary session” behavior. It’s the kind of shift that makes you check if your coffee is decaf or betrayal.

Thursday’s close did most of the damage. A bearish engulfing candle on TOTALES.D confirmed the setup, and now the stablecoin dominance chart is “pressing straight into a level.” Spoiler: nothing is pressing. It’s just numbers being spiteful.

When Support Moves This Hard, Something Is Breaking (Or Just Being Dramatic)

The last TBO support shift happened January 15th. Before that, it moved from 5.57% to 8.237%. Both times, the market felt it within days. Coincidence? Probably. But also probably not, because markets hate coincidences.

MooninPapa, in a YouTube market update (a 10-minute video where he stares at a chart like it owes him rent), said the TBO fast line near 10.4% is “the line in the sand.” Translation: if it closes above that, crypto might collapse. He still expects Bitcoin to go “considerably lower in 2026,” which he calls a “bottom year.” Sounds like a euphemism for “I’m out of ideas.”

TOTALES.D is telling the same story in reverse. It represents total crypto market cap excluding stablecoins, expressed as a dominance percentage. Stablecoin dominance rising = fear climbing. TOTALES.D falling = greed draining. Both moved the same session. Coincidence? No. It’s just the market playing a game of emotional whack-a-mole.

TOTALES.D is back inside the cloud. If it closes below TBO support at 88.63%, MooninPapa says on X, the next stop is likely the bottom of the cloud. Then, “potentially much lower from there.” Because nothing says “confidence” like “potentially.”

The 13% Number Nobody Wants to See (But Will Eventually)

MooninPapa’s longer-term target isn’t 10% or even 11%. He has an alert at 13.3%. That’s where he treats the market like an “accumulation zone,” where “spot DCA capital starts deploying.” Translation: he’s buying the dip. Again.

The 2022 parallel is hard to ignore. Back then, TBO support jumped from 3.91% to 6.2%. Stablecoin dominance eventually hit 16% before the market found a floor. History loves repeating itself, especially when it involves financial ruin.

OTHERS dominance is going parabolic right now. MooninPapa noted on X that the OTHERS market cap is hitting the same pivot-high structure that failed in January. Just before the next leg lower. Because nothing says “optimism” like “the same pivot-high structure that failed in January.”

He was direct about the broader picture: “The broader setup still looks like a bull trap to me.” He added that the final “capitulation dump” is what he’s been waiting for. Because nothing builds accumulation opportunities like people crying into their portfolios.

Whether stablecoin dominance peaks at 13% or 16% remains unresolved. For now, the market is watching 10.4%. Because nothing says “clarity” like a number on a chart.

Disclaimer: This article is based on technical analysis shared by the cited source and reflects the views of the analyst referenced. It does not constitute financial or investment advice. Conduct your own research before making any financial decisions-or just follow MooninPapa and cry with the best of them.

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2026-05-10 19:13