When Will the Alt Coin Rally Happen?
Let me answer you with a single graphic.
Let's examine the TOTAL2 data together. TOTAL2 is a data that calculates the total market value of all coins except Bitcoin.
If we look at it technically, the pivot (the level that determines the direction of the price movement) in this data is the Fibonacci 0.5 level. This is equivalent to 1 Trillion USD. It is also an important psychological level.
This level (1T USD) must be exceeded to speak of a rally for alt coins.
Warning:
Another point to note here is that TOTAL2 data includes stable coins, so this data may be a little misleading. At the same time, the dominance data of stable coins (USDT.D and USDC.D) should also be followed.
Thank you for reading.
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