The adjustment in this round of market actually has positive signals: $LINK, $ADA , $SOL , $DOGE have not weakened, on-chain funds are slowly flowing from ETH to altcoins.
This week may possibly be the watershed for altcoins.
The difficulty in playing altcoins in this bull market lies in their lack of sustainability. Small-cap coins are like roller coasters—rising several points to break through resistance, only to crash back down the next day, retail investors getting worn out from stop-loss and averaging down, and when the real market comes, they chase in and get trapped. Ultimately, funds will only concentrate in the top assets.
Another aspect of the market is also worth paying attention to: small-cap altcoins are standing on key support levels, and the same structure has appeared before the explosion in the past two bull markets.
A new round of altcoin season? We will see soon.
This week, keep an eye on: AAVE, JUP, FLUID, RESOLV, BTC, ARB, JOE, ORCA, 1INCH.
Be sure to pay attention to $BIO : Coinbase listing + partnership with Pfizer, strong logic, high survival rate, much more reliable than those fleeting small coins.