📈 Experts indicate the signs of the beginning of the high season
The altcoin market is currently in a "phase of distrust" which, if the cycle repeats, will soon turn into an "explosive rally". This is what trader Mikybull thinks. He noted that historically, increased consolidation has brought huge profits in 2016 and 2020.
👉The stage of mistrust is the stage when investors maintain skepticism despite positive market indicators. The Cryptocurrency Fear and Greed Index is at 52, indicating a decline in bullish sentiment. In a month, the indicator fell by 28 points.
👉Over the same period, the OTHERS indicator, which tracks the market capitalization of all cryptocurrencies, except for the ten largest, fell by 17.55% to $264.9 billion.
Analyst Rekt Capital noted that the metric maintains a support level at $250 billion, preparing for a future upward move to $425 billion.
Are you waiting for the beginning of the viola season?)