🚨ALTCOINS WIPE OUT $200 BILLION AS MARKET WEAKNESS DEEPENS!
The altcoin market has taken a serious hit, losing roughly $200 billion in market capitalization.
Even more concerning, around 70% of altcoins listed on Binance are now trading below their 200 day moving average, a sign that the sell off is affecting a large portion of the market.
This shows just how weak altcoin momentum has become. When so many assets fall below this key long term trend indicator, it becomes harder to argue that the market is simply experiencing a minor pullback.
Altcoin traders are facing a tough market, and a broad recovery will need more than a few isolated green candles.
$KOMA
The altcoin market has taken a serious hit, losing roughly $200 billion in market capitalization.
Even more concerning, around 70% of altcoins listed on Binance are now trading below their 200 day moving average, a sign that the sell off is affecting a large portion of the market.
This shows just how weak altcoin momentum has become. When so many assets fall below this key long term trend indicator, it becomes harder to argue that the market is simply experiencing a minor pullback.
Altcoin traders are facing a tough market, and a broad recovery will need more than a few isolated green candles.
$KOMA
