Altcoin market cap remains below key resistance level despite a short-term relief brought by April bounce.
Altcoins have not been able to reclaim previous highs like Bitcoin, indicating lingering risk aversion among investors.
Persistently high Bitcoin dominance is hindering altcoin progress, historically requiring a sustained drop in BTC dominance for altcoins to thrive.
For altcoins to regain momentum, a break above the $840 billion level is necessary, and Bitcoin dominance needs to consolidate or retrace for broader altcoin performance.