LIVE
The performance of altcoins has been in line with expectations, with today's market showing significant positivity. Some altcoins are already exhibiting gains of over 6%, despite Bitcoin's dominance remaining above 54%.
While a small dip in altcoins prompted many to close their positions, I maintain the belief that we have yet to witness the true surge. This conviction is reinforced when observing the majority of altcoins compared to Bitcoin.
As we test the resistance represented by the orange line in this triangle pattern, resistance from bears is anticipated. However, it's likely that we will soon break through this resistance and continue our ascent towards the target represented by the red band.
With the halving event approaching, we can anticipate a decline in Bitcoin's dominance. Personally, I've maintained all my long positions and have no plans to close them.
I encourage investors not to lose faith in their altcoins, as they may prove to be highly rewarding assets in the long run.
Disclaimer: This stellar analysis comes straight from the insightful Ualifi Araújo ( X - ualifiaraujo ), a beacon of wisdom in the crypto realm. Shared with permission within the Binance community, it's important to remember that this analysis is for educational purposes only. DYOR (Do Your Own Research) and remember, this isn't financial advice—just a thrilling ride in the crypto world!
