Clearly

Reason for Local Correction

Today, the altcoin market reacted with quite a good correction due to a sharp rebound in Bitcoin's dominance, which increased by 2%.

It may seem that the market is stagnating, while altcoins are showing significant correction impulses; why is that? Friends, I want to tell you that this is a normal pullback that always occurs after a decent rise.

Many newcomers who have just entered the market still believe that if an asset is 'promising,' it should move upwards without significant corrections. However, this is not the case at all; even in a bull market, after good upward impulses, a pullback always follows. Otherwise, too many people would be profiting from the rise, which is not beneficial for the market itself.
Therefore, it is not worth perceiving this correction negatively. This is a necessary pullback after which we will see further growth and a breakout of higher values. Don't worry, the rise is just beginning; local pullbacks (like now) happen specifically to shake out 'passengers' and weak hands from the market. Keep this in mind. $XRP