6 Altcoins Shine Green in a Red Market With Strong Relative Strength
- Bitcoin and Ethereum recovered quickly after last weekend’s market crash
- SPX and Hyperliquid show strength, offering long-term buying opportunities now
- RWA tokens like Syrup and CHEX could benefit from growing interest
The crypto market saw a major crash last weekend as tensions between Iran and Israel escalated. Bitcoin, Ethereum, and many altcoins dropped sharply, with traders rushing to sell as global markets remained closed.
However, most of the market has recovered since then. Bitcoin is now back above $105,000, Ethereum has rebounded over $2,400, and several top altcoins like XRP have also bounced strongly.
According to an analyst, several altcoins are showing strength and this could be a good time to slowly start accumulating promising projects for the long term.
Altcoins Showing Relative Strength
A few altcoins have stood out for showing “relative strength” while most of the market was down.
SPX is one of them.
It recently pumped to $1.77 and has since retraced about 46%, landing in a good price zone for long-term buying. It is currently up by more than 25% and is trading at $1.25.
Hyperliquid is an…
The post 6 Altcoins Shine Green in a Red Market With Strong Relative Strength appeared first on Coin Edition.
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6 Altcoins Shine Green in a Red Market With Strong Relative Strength
- Bitcoin and Ethereum recovered quickly after last weekend’s market crash
- SPX and Hyperliquid show strength, offering long-term buying opportunities now
- RWA tokens like Syrup and CHEX could benefit from growing interest
The crypto market saw a major crash last weekend as tensions between Iran and Israel escalated. Bitcoin, Ethereum, and many altcoins dropped sharply, with traders rushing to sell as global markets remained closed.
However, most of the market has recovered since then. Bitcoin is now back above $105,000, Ethereum has rebounded over $2,400, and several top altcoins like XRP have also bounced strongly.
According to an analyst, several altcoins are showing strength and this could be a good time to slowly start accumulating promising projects for the long term.
Altcoins Showing Relative Strength
A few altcoins have stood out for showing “relative strength” while most of the market was down.
SPX is one of them.
It recently pumped to $1.77 and has since retraced about 46%, landing in a good price zone for long-term buying. It is currently up by more than 25% and is trading at $1.25.
Hyperliquid is an…
The post 6 Altcoins Shine Green in a Red Market With Strong Relative Strength appeared first on Coin Edition.
Read More
Arbitrum’s Breakout Failed, but a Key Indicator Says the Rally Isn’t Dead