Analysts at Bexplus believes that after the BTC decline expands, the range volatility means that the market will not have greater divergence in the short term. It’s just that after the short-term decline of most cryptocurrencies expands, the space for supplementary gains increases. The soaring of DOGE and the strengthening of the DeFi concept all appeared when BTC remained high for a long time.
In terms of strong mainstream cryptocurrencies, ETH runs sideways in the short-term near the price of $1,280, and its recent trend is obviously better than BTC. In terms of trading volume, there are more opportunities for ETH to maintain its price strength. In the short term, prices have only fallen below the 10-day moving average, which is relatively far from the 30-day moving average. From the perspective of long-term trading opportunities, the price of mainstream cryptocurrencies in the recent adjustment stage has more retracements, and the number of currency holdings can be appropriately increased.
The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.