The OTHERS.D dominance chart is presenting a compelling opportunity as it currently bounces off the lower bounds of a long-term ascending channel. Historically, these levels have acted as strong areas of support, and the confluence with Fibonacci retracement levels reinforces the bullish outlook.
Based on the structure, I’m anticipating a move towards the Fib 1 level (~20.5%), This aligns with historical patterns and the broader trend within this channel.
I’m holding firm on my altcoin positions and do not plan to take profits until this 20% target is reached. Given the market dynamics and historical timing of similar moves, there’s a strong possibility we could reach these levels around March 2025.
Patience and discipline will be key here. Let’s see how this plays out! 📈
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