ALERT!! 🚨 🚨 🚨 SOME ALTS ARE CURRENTLY DUMPING BECAUSE BTC'S DOMINANCE IS TRYING TO BREAK OUT !
As of now a lot of alt coins such as $LDO $WIF $BONK are dumping. But why is that? For the past few days we were seeing a lot of alt coins pump but they might be heading for a dump now. It is mostly because of BTC's dominance . The past few days BTC's dominance completely crashed and that made a lot of ALTS PUMP. for example LDO went from 1.950$ to 2.150$!!! that's a 10% pump in only few hours.
But why is that changing now, we've seen BTC's dominance dumping the past few days. it was just going in a steady downtrend since 13 April 😨. Now however , BTC's dominance is breaking out which can be a bad sign for ALTS and that sometimes results in ALTs dumping . That is why some coins an be seen dumping right now.
If this breakout is genuine then we can expect a lot of coins dumping that previously pumped when BTC's dominance crashed. So be cautious because BTC's dominance might be pumping for a few days which will cause some alt coins to crash.( This is my analysis only always DYOR!)
