🚨 These 3 Altcoins Attract the Attention of Famous Analysts! Just check it out.
Fairlead Strategies analysts have identified three altcoins that stand out against Bitcoin (BTC) according to the latest 12-week chart.
XRP, ETH, and LINK in the improving region
According to RRG analysis, XRP, ETH, and LINK have moved from the lagging (weak performance and negative momentum) region to the improving (weak performance but positive momentum) region. This shift indicates that while these three altcoins still have a relatively lower strength compared to BTC, their performance is gaining momentum.
The analysts at Fairlead Strategies stated, “Using relative rotation graphs (RRG), we assess the cyclicality among the best-performing altcoins normalized against Bitcoin. With Chainlink, Ether, and Ripple joining the improving region, we see that several altcoins are showing less downside momentum against Bitcoin.”
These three altcoins are losing strength
On the other hand, Dogecoin (DOGE), Solana (SOL), and Bitcoin Cash (BCH) are in the weakening (strong relative strength but negative momentum) region and are moving to the left. This suggests that these altcoins are continuing to underperform against BTC and are progressing towards the lagging (weak performance and negative momentum) region. Most of the remaining top altcoins are already in the lagging region, falling behind BTC in terms of both performance and momentum.
