Last week I posted a chart showing that smaller altcoins (the ones not in the top 10) were stuck in a long downtrend. We were watching to see if they could break out of that pattern, which would be a sign that these smaller alts might start doing better. Now, looking at the updated chart, that breakout is actually happening. The altcoin dominance outside the top 10 is starting to push up out of that downtrend channel. That means those smaller altcoins are beginning to gain a bit more share of the market compared to before. In other words, the early signs of altcoins waking up are showing up on the chart. What to watch next is pretty simple, we want to see if this breakout can hold. If the chart stays above that breakout level and keeps climbing toward the next resistance levels around 7.5% dominance, then 8.5% and so on then it’s a good sign that smaller alts are really starting to gain momentum. In short: your earlier call that we might be near an altcoin bottom is playing out. Altcoins are starting to break out as you predicted, and now we just need to see if they can keep it up. Keep an eye on those levels and see if the trend continues!