joaowedson
๐ข Only 24% of Binance Altcoins Are Above the 200-Day SMA
When nearly 100% of altcoins trade above their 200-day SMA, it typically signals market euphoria โ often aligning with Bitcoin cycle tops. Conversely, when this metric approaches 0%, meaning most altcoins are below the 200-day SMA, it usually marks strong accumulation opportunities. Right now, weโre still far from euphoria. This could mean that the current altcoin prices represent one of the best times to accumulate before the next major move.