Altcoin Midday Watch | Relative Strength in a Weak Market
Binance spot, 24 hours: LINK -0.08%, SOL -1.38%, DOGE -1.51%. Among these three examples, oracle token LINK held up better, but the performance of a single coin cannot be used to infer net inflows across the entire sector.
I’m more interested in whether multiple coins in the same sector start strengthening in sync and trading activity continues to rise. For now, I’m not treating “falling less” as a signal that an uptrend is beginning.
Source: Binance 24H ticker, November 8, 11:00 Beijing time. #山寨币 #LINK
Binance spot, 24 hours: LINK -0.08%, SOL -1.38%, DOGE -1.51%. Among these three examples, oracle token LINK held up better, but the performance of a single coin cannot be used to infer net inflows across the entire sector.
I’m more interested in whether multiple coins in the same sector start strengthening in sync and trading activity continues to rise. For now, I’m not treating “falling less” as a signal that an uptrend is beginning.
Source: Binance 24H ticker, November 8, 11:00 Beijing time. #山寨币 #LINK