#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
BTC1.77%
XLM-2.93%
AVAX-1.10%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned