Based on the monthly pattern observation of SOL – AVAX – ENA, it can be seen that the altcoin market is touching strong support zones at the monthly level. SOL represents the mainstream group, AVAX for long-established technology projects, and ENA for the new generation of altcoins in this cycle — all have retreated to similar support zones.
This indicates that the altcoin market is in the final stages of a major downtrend, theoretically the right time to start considering accumulation for exploration. However, the overall sentiment is very cautious: after multiple "slaps," most investors are no longer daring to catch the bottom. If even the monthly support zone cannot bounce back, then many altcoins will truly enter a state of illiquidity — gradually approaching zero. Conversely, if a rally occurs, it could be the first signal of a new market recovery. In summary: Altcoins are at the life-and-death threshold. The bold will start to probe, while the cautious wait for confirmation signals. But definitely, this is the price zone you should monitor most closely.
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Based on the monthly pattern observation of SOL – AVAX – ENA, it can be seen that the altcoin market is touching strong support zones at the monthly level. SOL represents the mainstream group, AVAX for long-established technology projects, and ENA for the new generation of altcoins in this cycle — all have retreated to similar support zones.
This indicates that the altcoin market is in the final stages of a major downtrend, theoretically the right time to start considering accumulation for exploration. However, the overall sentiment is very cautious: after multiple "slaps," most investors are no longer daring to catch the bottom.
If even the monthly support zone cannot bounce back, then many altcoins will truly enter a state of illiquidity — gradually approaching zero. Conversely, if a rally occurs, it could be the first signal of a new market recovery.
In summary: Altcoins are at the life-and-death threshold. The bold will start to probe, while the cautious wait for confirmation signals. But definitely, this is the price zone you should monitor most closely.