POPA Recon84% of Binance-Listed Altcoins Trade Below 200-Day Average as Slump Nears Eight Months
84% of Binance-Listed Altcoins Trade Below 200-Day Average as Slump Nears Eight Months CryptoQuant analyst Darkfost said altcoins have been among the hardest-hit sectors in the current weak market, with repeated failed momentum recoveries. According to CryptoQuant, about 84% of Binance-listed altcoins are now trading below their 200-day moving averages, an extreme depressed state that has lasted nearly eight months — the second-longest weak cycle since 2020, behind only the roughly 10-month downturn in the previous bear market. — link
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