Altcoin dominance

Altcoin dominance analysis - weekly chart.

Since the beginning of January 2020 altcoins are dominating the market and even performed breakout from descending broadening wedge. The long-term expectation is that Altcoin might have a 70-75% dominance on the market.

However "shortly" it looks like that we're facing a double top formation just on the red resistance. It would be good to wait sometime to see if the price will retrace for a bit more. In some cases, such tops lead to a price correction, in this case, we can aim down to 45% altcoin dominance.