Altcoin Dominance Holding Key Trendline :

A Healthy Corrective Phase

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Overview :
The OTHERS dominance chart shows resilience as it continues to hold the ascending trendline. This trendline acts as a critical support, signaling a normal corrective wave following the recent massive upward movement.

Key Observations :
The corrective wave is a natural occurrence after a sharp rally.
Overleveraged traders faced a shakeout, which helped reset the market.
This correction aims to stabilize dominance and allow altcoins to resume their natural momentum.

Technical Analysis :
Support :

Trendline support remains intact, maintaining bullish structure.
A breakdown below the trendline could signal further weakness, leading to a decline in altcoin dominance.

Resistance : Upside potential resumes once dominance stabilizes and clears immediate barriers.

What This Means for Altcoins :
The recent “shakeout” eliminated weaker positions and reduced speculative leverage.
A reset like this is often necessary for the next altcoin wave. If the trendline holds, altcoins could regain footing and perform strongly.

Pro Tip for Traders :
Avoid overleveraged trades during corrections. Focus on accumulating solid altcoins near support levels.
Monitor the trendline closely—if it holds, it could trigger a strong rebound.

Advice to Investors :
Be patient during corrective phases. These waves often lay the groundwork for the next upward movement.
Keep an eye on Bitcoin dominance—a dip in BTC dominance could signal the beginning of an altcoin recovery.

Conclusion :
The trendline is holding firm, suggesting a healthy corrective wave after recent growth. Shakeouts are part of market cycles and can prepare altcoins for a fresh upward push. Traders should stay cautious but optimistic as dominance stabilizes.