In a bull market, the fluctuations in price can essentially be viewed as a manifestation of momentum before sector rotation.
Those with keen insight who can accurately grasp trends often take the initiative to buy the dips in cryptocurrencies from popular sectors that are about to surge; while those who fail to perceive the trends may make the decision to cut losses.
Just by observing the situation of older cryptocurrencies on today's list of biggest declines, one can gain some understanding of this.
It is especially worth mentioning that older cryptocurrencies in the exceptionally hot metaverse and Web3 gaming sectors, such as sand and mana, are prominently at the top of the decline list today.
In fact, such a correction phenomenon precisely reflects the characteristics of sector rotation.
However, it also reminds everyone to closely monitor sector rotation and timely implement profit-taking operations.
Next, let’s turn our attention to cryptocurrencies at the top of the gainers list, such as OL and MEMEFI, which represent emerging meme coins and Web3 gaming coins, respectively; their upward trend can also indirectly confirm the market phenomenon of sector rotation.
