Maybe yesterday's drop in altcoins was overdone, especially since Bitcoin didn't follow suit percentage-wise with the rest of the market. As I mentioned yesterday, "When Bitcoin sneezes, the rest of the crypto market catches a cold."

And that's what happened, but it turned out to be not that big of a deal. Let's remember that just a few days ago, there were exorbitant valuations, and everyone was optimistic, and yesterday it seemed like everything was going to crash.

Neither extreme is accurate. The market uses psychology to wreck our accounts, and it certainly succeeds. Many would have been better off closing their screens and forgetting they bought cryptocurrencies for a few years.

So today, coins like #Dogecoin and #Solana⁩ , among others, are bouncing right off their support levels, indicating a potential recovery, at least in the short term, after the sharp drops of the past few days.