Altcoin Market Fear Hits Multi-Month Low
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Investor sentiment in the altcoin market has plunged to its lowest point since April, with 90% of altcoins trading below their 200-day moving average.
CryptoQuant data shows only 10% of Binance-listed altcoins remain above this key trend line, a classic sign of market capitulation.
Analyst Darkfost notes that similar setups this cycle have often led to short-term recoveries, suggesting potential buying opportunities for contrarian investors.
Experts caution: focus on projects retaining liquidity and on-chain activity, as not all tokens may recover equally.