🔥 CryptoQuant: more than half of altcoins are trading above the 200-day moving average
The 200-day moving average (200-DMA) is the average price of an asset over the past 200 days, and it is often used as a benchmark for the long-term trend.
• Currently, 56% of altcoins are trading above their 200-DMA
• Not long ago, about 80–85% of altcoins were below this level
• From August 19 to 22, altcoin market capitalization increased by $215B, and total altcoin market capitalization (Total2) exceeded $1T
Historically, most altcoins moving above the 200-DMA is considered one of the intermediate early-stage signals of the altseason. However, before the uptrend continues, a short-term pause or correction is possible.
$1000CAT
$0G
The 200-day moving average (200-DMA) is the average price of an asset over the past 200 days, and it is often used as a benchmark for the long-term trend.
• Currently, 56% of altcoins are trading above their 200-DMA
• Not long ago, about 80–85% of altcoins were below this level
• From August 19 to 22, altcoin market capitalization increased by $215B, and total altcoin market capitalization (Total2) exceeded $1T
Historically, most altcoins moving above the 200-DMA is considered one of the intermediate early-stage signals of the altseason. However, before the uptrend continues, a short-term pause or correction is possible.
$1000CAT
$0G
