Crypto Market's Dominance Charts Suggest Altcoin Season May Be Unfolding

The cryptocurrency market has been experiencing a period of relative calm in terms of price movements, but beneath the surface, dominance charts are hinting at underlying stress.

USDT Dominance has reached a four-year resistance level, with the weekly chart showing a sharp upper wick that confirms rejection rather than continuation. This suggests that stablecoin demand is stretched and capital may be crowding into safety too late.

BTC Dominance, on the other hand, has broken a rising wedge on the weekly chart, but this requires follow-through selling to confirm the bearish read. The momentum indicators are also softening, with MACD lines curling down and RSI cooling off.