There must be a surge after a plunge! The old-brand altcoins have a strong counterattack, and the rebound has begun!
The crypto market has experienced a series of plunges recently. Most mainstream coins and popular altcoins have fallen into low levels after a sharp correction. However, the market has always been up and down, and there are opportunities after panic! As the selling sentiment is gradually released, the old-brand altcoins have begun to show strong signs of rebound, and the rebound is expected to begin.
The value of old-brand altcoins lies not only in their tenacious survival in the bear market, but also in the community consensus and financial support accumulated over many years. Some tokens that have been "forgotten" by the market may become unexpected dark horses in the rebound stage. From the perspective of capital inflow and market attention, the performance of currencies including FTT and XRP has been particularly eye-catching recently. The resilience they have shown in the plunge is attracting more short-term funds to enter the market.
Logic of rebound:
1. Emotional repair: After the plunge, market sentiment is extremely pessimistic, but this is often the brewing period of the stage bottom.
2. Fund rotation: When mainstream coins fluctuate, funds tend to flow into altcoins with greater volatility, pursuing short-term high returns.
3. Technical signals: From a technical perspective, the oversold phenomenon of many old altcoins has already appeared, and indicators such as MACD and RSI are gradually recovering.
Operation suggestions:
Although the current market has shown signs of recovery, there is still a risk of volatility. Investors are advised to pay attention to the following directions:
1. Build positions in batches: Avoid one-time heavy positions and choose old-brand coins with a deep correction but high popularity.
2. Fast in and fast out: The compensatory rally is usually fast-paced, and it is not recommended to hold positions for a long time.
3. Pay attention to risks: The uncertainty of the market still exists, and the stop-profit and stop-loss positions are strictly set.
The compensatory rally of old altcoins has just begun, and the rotation effect of funds may make these long-dormant coins the focus again. If you are still hesitating, you might as well seize this opportunity, but be sure to control your position and operate rationally.
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