Why Analysts Believe Altcoins Are in the Final Stage of the Bear Market
Analysts suggest the altcoin bear market is nearing its end due to historical lows in coins trading above the 200-day MA and low retail interest.Summary
Despite the altcoin market capitalization dropping 30% from its peak, analysts see signs that the bear market is entering its final phase, presenting opportunities for patient investors. Key indicators include only about 3% of altcoins on Binance trading above the 200-day moving average, a historical low attributed to low liquidity and defensive investor sentiment, suggesting widespread undervaluation. Furthermore, periods marked by fear and lack of retail investor interest are historically when large investors accumulate assets before retail attention returns to fuel the next upward move. Technical signals also support a potential bottom, with altcoin market capitalization resting on crucial support levels identified by analysts like Michaël van de Poppe. Additional technical data, such as the altcoin market cap ratio excluding the top 10 sitting at its strongest support since 2017, reinforces this outlook, suggesting that a Dollar-Cost Averaging (DCA) strategy starting in December could be effective, though some caution that a full altcoin season might still take time to materialize.
(Source：BeInCrypto)