Ascending Channel Update

The dominance has been trading writhing this ascending channel since May 2023 (for exactly 2 years) and it still hasn’t broken below this level sustainably. Yes, the dominance just got rejected at the top of the channel, but for alt season to begin, it must break below the ascending channel. The dominance might drop to the support level and bounce, if it bounces it means alts had a run but still not alt season. If dominance breaks below the support level of the channel and stays below the channel, then there’s hope for a sustained alt season and not just a tiny bull run.