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#MyGateTradeStory I have only experienced one sideways period on altcoins during a downtrend so far. It happened in 2018 right before the price dropped sharply. It lasted for 2 months.
In 2022, the only such period was the decline before FTX, because altcoins never had a chance to relax. Also lasted for 2 months.
The current range has already lasted for 4.5 months, which is truly extraordinary given how tight it is. What I want to say is that we have never experienced support holding this long simultaneously and especially not during a bear market. BTC dominance at 58.7%.
Back to the April position before the last altcoin surge. XLM is up 13% today. AVAX is down 9%. That’s the picture of dominance at around 58%: one lucky while the other is losing.
$BTC