Altcoin confidence shakes as markets trade below long-term trendline after weekend crash

Altcoins are mostly trending below their long-term trendline following the rapid liquidations of October ￰0￱ traders lost trust in altcoins, the market still reconsiders the possibility of renewed ￰1￱ are now trading below their long-term trendline, sliding from their 200-day and 50-day moving ￰2￱ liquidation event on October 10-11 undermined trust in altcoins, as it turned out that many assets relied on market makers and lacked organic liquidity. 90% of altcoins are trading below their long-term trendline after the recent market ￰3￱ indicator has pointed to recoveries in the past, though altcoins can still spend months with depressed prices. |