The post 84% of Altcoins Trade Below 200-Day Moving Average appeared first on Coinpedia Fintech News
About 84% of altcoins listed on Binance are trading below their 200-day moving average, highlighting continued weakness across the broader crypto market. The underperformance has lasted for nearly eight months, making it the second-longest stretch since 2020. Altcoins have largely moved in line with Bitcoin throughout the current market cycle, with repeated recovery attempts failing …