The altcoin market is demonstrating resilience as Bitcoin approaches a critical trendline that could signal a bear market. The Total2 chart indicates that altcoins might recover if Bitcoin maintains its position above this ascending trendline. A breakdown could see the altcoin market cap drop to $940 billion or $717 billion, while a rebound might elevate it to $1.42 trillion and $1.55 trillion.
Additionally, the USDT Dominance chart suggests a potential breakout from a descending trendline, which may indicate the end of the current bull market. Meanwhile, the Dollar Index (DXY) has been rejected at a key resistance level, providing optimism for the crypto market as the U.S. dollar shows signs of weakening.
Altcoins Show Resilience as Bitcoin Tests Key Trendline
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