⚠️ Pay attention to what’s happening now in the altcoin market: the OTHERS dominance is approaching a very strong resistance.
OTHERS dominance reflects the strength of altcoins, and with Bitcoin dominance declining and OTHERS rising, we saw strong momentum in coins like $NEAR and $QI $QUICK .
But after this big rally and without a clear correction, reaching this resistance makes the area very sensitive.
🔴 Rejecting the resistance: could open the way for a correction in most altcoins.
🟢 Breaking through the resistance and turning it into support: may give the market additional momentum and push the coins to continue rising.
Right now, I believe that a correction is the most important scenario to watch out for.
OTHERS dominance reflects the strength of altcoins, and with Bitcoin dominance declining and OTHERS rising, we saw strong momentum in coins like $NEAR and $QI $QUICK .
But after this big rally and without a clear correction, reaching this resistance makes the area very sensitive.
🔴 Rejecting the resistance: could open the way for a correction in most altcoins.
🟢 Breaking through the resistance and turning it into support: may give the market additional momentum and push the coins to continue rising.
Right now, I believe that a correction is the most important scenario to watch out for.
