It seems to have dropped a lot, but many cryptocurrencies are still far from the 20-day moving average. The altcoins I want to increase my position in are still quite far from the ideal bottoming point.
The current trend aims to eliminate leverage and punish those who chase prices higher. When a potential bottoming point appears, I can increase my risk appetite and exchange BTC for altcoins; at that time, the first wave of correction in altcoins will be confirmed. This expectation of a correction in January has been brought forward to today.
Target prices for each cryptocurrency:
UNI currently at 16, target 11.4 - 13.4;
SUI currently at 3.7, target 3.3;
ENA currently at 1, target 0.7;
SOL currently at 213, target 190 - 200;
DOGE currently at 0.4, target 0.35;
PEPE currently at 0.25, target 0.18.
