š BTCDOM Starting to Lose Strength?
This BTC dominance chart is forming a rising wedge (blue line)āa technical pattern that often signals potential decline.
š Current situation:
Price: 5,512.8
Down -0.74% in 24 hours
A breakdown from the support trendline could be a sign that altcoins are starting to rise!
š Volume is starting to weaken, and selling pressure is increasing below resistance 5,600. If this correction continues, BTC dominance could drop further, meaning: ALTSZN is approaching? š
šØ Watch out for a drop to the area of 5,440 - 5,360 if support fails to hold.