Altcoins mostly have 2 types of charts as above. Some form higher peaks than the rally in December ($LINK , $AAVE , PEPE,...), while the rest are like the image below.

Regarding Technical Analysis, altcoins of type 1 have been in a downtrend for over 200 days since the peak in December 2024, while type 2 has been in a downtrend for about ~500 days. Currently, there are just beginning to be movements breaking upward or approaching resistance zones in the price channel.

Recently, many people have been talking about the market entering a downtrend, altcoins cannot rise, $BTC will crash hard & altcoins will die, blah blah... especially during the fake double peak of BTC. To be precise, altcoins have been in a downtrend all this time; there has been no uptrend to be able to "enter downtrend" =))

It shows that most retailers make assessments based on feelings, possibly due to extreme psychological pressure + mental fatigue 😂

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