Altcoins

Overall Trend: Last Friday, the significant pullback of BTC led to the liquidation of long positions. Today, altcoins are generally experiencing increased selling pressure, with a decline of over 30% in just two days. #币安MOVE开盘

Some altcoins have returned to the starting point of the bull market in the second half of this year, while the increase of some tokens has already retraced by 50%. The current prices can be seen as potential bottom-fishing opportunities.

However, as BTC and ETH are still in the adjustment phase, market panic sentiment is widespread, so it is advisable to remain rational and wait for signals indicating a market bottom before making decisions.

Observation of some tokens:

WLD: The price once dipped to 2.45, with the bottom support level around 2.2; it is recommended to pay attention to a rebound at this position.

NEIRO: The current price is close to the bottom, but a large bearish candle appeared today, which may break the current support level; it is advisable to observe for now.

SAND: It once fell to 0.6, close to the bottom support level; it is necessary to observe whether this support holds before re-entering. XRP: It broke below the recent support level of 2.2, and attention should be paid to the support area of 1.8.

Currently, market sentiment is bearish, especially during the pullbacks of BTC and ETH, and altcoins are also facing increased selling pressure. Stability needs to be maintained in the short term, waiting for the market to stabilize before taking significant actions.

#币安HODLer空投MOVE #APT、ADA、ENA大额解锁 #SUSHI价格飙升 #PEPE市值新高

I am a long-term bear; if you currently don’t know how to position yourself, feel free to reach out to me for a discussion!