Struggling to decide whether to hold or sell your alts? This charts might help! 👇

Looking at the USDT Dominance weekly chart, we’ve seen a breakout and a strong upside move. Simply put: when USDT dominance rises, it means people are moving into cash and selling their holdings, which causes sell pressure for alts and the overall crypto market.

In the second chart, you can see how Altcoins (OTHERS) react in the opposite way!

The current situation:

USDT Dominance is currently trading at its weekly resistance zone, while Altcoins are trading at their weekly support zone. There is a high chance that USDT dominance will get rejected from this zone, which would allow our alts to bounce from their support.

I’m expecting a "cool-off" recovery in alts, but it won't happen today or tomorrow. Remember, this is a weekly chart, not a daily or hourly one, so it will take time.

This is just my opinion, but I’d love to know yours! What do you guys think—do you agree or see something else?