The cryptocurrency market is showing signs of recovery today after weeks of correction. This is attributed to a decline in Bitcoin dominance, creating opportunities for altcoins to surge.
Cryptocurrency Market Overview
Bitcoin dominance has fallen to 61.15%, leading to positive changes in the cryptocurrency market. Polkadot (DOT) and Aptos (APT) are among the altcoins showing notable growth.
Current Dynamics of Polkadot (DOT)
DOT's daily chart forms a 'falling wedge' pattern, often signaling an impending breakout. After declining to $3.76, DOT has strengthened to $5.17, nearing resistance at the 15-day moving average.
Aptos (APT) Trends
APT follows a 'falling wedge' pattern as well. With recent growth reaching $6.34, APT approaches the wedge's upper resistance. Breaking this level could lead to a rally to $8.41.
Both DOT and APT have reached critical resistance levels in their patterns. Potential breakouts might spark a significant price rally in the coming weeks.
