In the altcoin sector, as the mainstream market has pulled back, some currencies have experienced a large adjustment. For currencies such as MANTA and PENDLE, special attention should be paid to whether they have fallen below the key support levels of $0.98 and $4.8. If they fall below, consider technical escape. It is recommended to maintain a wait-and-see attitude in the altcoin market, and do less and watch more.
In terms of fundamental news, the SEC has once again intervened in the pledge sector, resulting in a slight pullback in currencies such as LDO and SSV in the past few days. Although the pullback is not large, investors who have reduced their positions can consider re-entering the market to avoid missing out on subsequent market conditions. Risk aversion is a protective strategy. Once it is determined that the risk has been lifted, you can consider re-taking it back.
In addition, RGB++ has begun to be freely minted, and the activity on the chain has increased. As an emerging protocol, RGB++ has a positive effect on the development of the BTC ecosystem. Although the current market continues to be sluggish, it is recommended to continue to pay attention to this sector and wait for the market heat to pick up before taking action.
The rune market is still in a downturn. It is recommended to pay attention to high-quality rune market currencies and wait for the second wash to intervene in time.
