👉👉The CEO of Analysis Company Listed Altcoins with Bear and Bull Outlooks, Especially Highlighting One! 👈👈

The cryptocurrency analysis firm Alphractal and its CEO Joao Wedson shared their current technical assessments of the market. It is noteworthy that there has not been the expected increase in profit-taking by investors while Bitcoin prices are rising.

Alphractal made the following evaluation regarding the profit realization rate (SOPR) obtained from on-chain data:

"This situation is quite unusual. Generally, when prices rise, the profit-taking rate also increases and reaches new peaks. However, despite the rising Bitcoin prices, profit realization is on a downward trend. This indicates that investors still see $100,000 as an attractive level."

CEO Joao Wedson pointed out two important metrics that stand out in technical analysis:

"Most altcoins are still signaling a downward trend in the 24-hour MACD indicator. However, when we look at the weekly RSI data, some coins are in the overbought region: TRX, SPX, XMR, GT, and even BTC. On the other hand, the coin with the lowest RSI value in the oversold region is CTK; Melania follows this."

Wedson drew special attention to one altcoin in the market:

"The RENDER coin is in the oversold region, and the increase in the number of open positions in time frames from 5 minutes to 1 hour indicates that whales are opening long positions."

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