The altcoin sector is currently following the mainstream market in a synchronous correction, and some currencies have a large correction. For example, for MANTA and PENDLE, it is recommended to pay attention to whether they have fallen below the key support points of 0.98 and 4.8 US dollars. If so, consider adopting a technical escape strategy.
Today, altcoin investors should mainly wait and see, keep observing, and reduce frequent operations.
In terms of fundamental news, the SEC once again launched regulatory actions on the pledge sector, resulting in a slight correction in currencies such as LDO and SSV in the past two days, but it was not serious.
For investors who have reduced their positions, they can consider taking them back in time to avoid missing out on subsequent market conditions. Risk hedging strategies are an important means of protecting investments, and corresponding operations should be made after confirming that the risks have been lifted.
The RGB++ protocol has begun free casting, and the recent on-chain activity has increased, which has a positive impact on the construction of the BTC ecosystem. Although the current market conditions continue to be sluggish, it is recommended to continue to pay attention to this sector and wait for the market heat to pick up before making an action plan.
The rune market is still in a sluggish state. Investors should pay attention to high-quality currencies in the rune market and gradually enter the market during the second wash.
In general, it is recommended that altcoin investors remain on the sidelines today, pay special attention to the latest information released by the community, and adjust strategies in a timely manner.
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