Altcoins Show Signs of Stabilizing After October Declines

[johnblockbuster]

Since mid-October, altcoins have suffered sharp losses due to deleveraging in the derivatives market. Analysts now suggest the market may be forming a stabilization zone, as most altcoins have held steady without hitting new lows. The OTHERS/BTC chart has shifted into a “Stabilization” phase, signaling potential short-term relief rallies in November.