One prominent analyst says last week’s market-wide correction has put altcoins in a position to see slower price movements in the coming months.
Pseudonym analyst The Flow Horse says He has 211,300 followers on social media platform
According to traders, the lack of retail inflow is maintain The altcoin remains range-bound for several months, printing new local lows before the next big rally.
“I think time is a very important component of coordination. This is especially true in markets where there are still very long and no new retail flows coming in.
Even if the market falls into July, the lows are still relatively the same as they are now, so it’s better to buy further out and deal with the psychological issues that come with the decline than to buy too early.
Many of them will achieve new highs, but they will still create new *local* lows first. There are no new retailers here and there are not enough bidders on the bags to go around.”
The Flow Horse is looking to invest in altcoins, but he Called He sees three cryptocurrency subsectors likely to perform better once altcoins regain bullish momentum.
“If you have to purely guess, buy July lows as replacement stocks.
AI (artificial intelligence)
meme
RWA (Tokenized Real Assets).”
For now, a merchant Called He is accumulating altcoins to take advantage of a big rebound.
“Buy the green stuff for a higher bounce. Scan your surroundings. “It’s clear.”
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