Investors were shaken on Friday after fresh US tariff news hit the 0 trade-related scare pushed several leading altcoins into a downward spiral, some suffering double-digit losses in mere 1 the prices have since rebounded, altcoins are still experiencing extreme market 2 scenario, however, can actually create one of the most opportune times for 3 Time to Buy? In its latest analysis, CryptoQuant explained that when most traders are turning away, prices often dip to levels that reward those willing to act against the existing 4 other words, market disinterest can signal attractive medium-term buying opportunities. A reliable method to assess these phases is by looking at the 200-day moving average (200 DMA).
Currently, just 10% of altcoins listed on Binance are above this threshold, meaning a whopping 90% are trading below their long-term 5 indicates that the market is in a phase of broad 6 previous instances, each time this extreme setup has occurred in the current cycle, the altcoin market experienced significant short-term 7 phases of selling exhaustion provide a lucrative entry point for investors who can exercise 8 those considering a strategic entry, CryptoQuant stated that the focus should be on projects that have maintained strong liquidity and on-chain activity even during the downturn. “But it’s best not to wait too long, as this type of setup tends to normalize quickly once the market realizes it’s gone too far in fear.” Don’t Chase Every Dip Alphractal founder and popular crypto analyst Joao Wedson said that altcoins could steal the spotlight amid a quiet 9 noted that some signals haven’t yet triggered a buy on daily charts, indicating BTC is still holding 10 expects a few dull days ahead, which could reset 11 during this lull, he added that certain altcoins may emerge as notable 12 not everyone is 13 analyst Ted Pillows is ringing the alarm bell for altcoin 14 altcoin market cap, excluding stablecoins, still sits 20% below its 15 makes an “Altseason” a distant 16 his latest analysis, Pillows warned traders not to chase every 17 instead said that Bitcoin and Ethereum need to show real strength before altcoins can ride a meaningful wave.
Story Tags

Latest news and analysis from Crypto Potato