Is the Crypto Market Preparing for a Bull Rhythm in the Second Half of the Year?
Since March, most Altcoins have had an average decline of 60-80% from the most recent peak despite no major FUD occurring. If you are new to the market and feel scared about the ongoing correction, try to adapt to this because this scenario is similar to the corrections throughout 2020 until now. .
After comparing the adjustment rhythms of the years, a coincident point in the "3rd week of June" of every year is the cumulative turning point of Altcoin before the strong pump, especially the period when the new coin in 2020 was listed in the top. series in Q2-3.
LayerZero and ZKsync both sparked controversy in the community about how to distribute Airdrops. The market has had a "dump rhythm" causing altcoins to continue to bleed after $ZK completed the airdrop and TGE on CEXs. In general, from the $OP Airdrop in May 2022 until now, the market dump scenario has occurred every time the âAirdrop toâ completes the TGE, especially the Layer2 ETH Airdrop and subsequent âmedium-termâ fluctuations all comply with the cyclicality of the market.
Another short-term bottoming signal is when the market appeared "FUD Stablecoin" when Tether continued to have FUD on June 19. In the past, BTC often created short-term bottoms at the time when FUD appeared on major stablecoins such as USDT and USDC.
Often FUDs about stablecoins make the crowd afraid to hold stablecoins anymore, especially at times when Altcoin dumps are strong => Creates a mentality of not daring to enter the market => Week-hand cashout takes refuge.
