We notice that dominance is touching the Gann fan lines on the 4-hour chart. Indeed, this also coincided with bullish targets in SK, leading to a strong reversal to the downside. ➡️
The continued decline resulted in a break of the trendline drawn, representing dominance since 2022. This is the first time in a long time that this area, which was in an uptrend, has been broken. ✅
After this breakout, we are currently seeing a retest with a slight decline in the altcoin chart. However, this remains overall natural and healthy for the chart. ✅
We will likely see significant altcoin gains throughout the period of declining dominance, but the peak of gains will occur when dominance reaches a level below 49.
