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Recently, the zone rotation has occurred, with the two leaders of the privacy zone, DASH and ZEC, experiencing a big pump. In fact, many people probably didn't expect these two coins to rise so high in this market. I didn't expect it either; the coins I didn't want to look at have actually surged.
Then there is the recent storage zone, FIL started to rise a couple of days ago, and both zones have begun to experience a big pump. In this process, many coins have also been rising. In terms of the overall market, mainstream coins like Bitcoin, ETH, and SOL have all reached the bottom on the daily chart. In this situation, as long as the mainstream coins start to pump, many coins that have completely reached the bottom should have a strong reaction.
Various indicators show that altcoins have been severely oversold. Even if it’s not the season for altcoins to start, there will still be very good profits during this time when altcoins make a rebound from the overselling. The leverage has been almost cleared, and the market has fallen into extreme panic, with retail investors waiting and watching. It’s very likely that a big pump will come at this time, and by the time you react, the market trend will have already completed. However, I still believe that the market is missing a wave of altcoin trends, or rather, the last wave of a bull market. Let’s wait and see.