The market is experiencing a terrifyingly bearish phase, and the start of the week is concerning. However, everything will be fine soon.
We can see this through the dominance chart.
On the weekly timeframe, the pattern has broken downward, and a retest is now in progress.
This current pressure on altcoins aligns with the dominance chart retesting its breakdown. It’s expected that dominance could rise to a maximum of 61% before altcoins break free from this nightmare and finally deliver the long-awaited profits.
Personally, I’m still holding onto my altcoins and strongly advise against selling. Everything will improve in the coming weeks.
Altcoins are currently at bargain lows that are worth buying.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.