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Analysts Say Walled Coins Are Recovering

Analysts Say Walled Coins Are Recovering

Bitget2024/09/26 12:36

On September 26, several analysts claimed that the cottage coins are showing significant breakthroughs, suggesting that the market may be shifting to a cottage-dominated phase, according to Cryptoslate. Ali Martinez, a technology and chain analyst, noted that while it's not certain that a full-fledged boom in torrents has arrived, the current developments represent a good start. Analyst Caleb Franzen shared that torrents, as measured by TradingView indices such as TOTAL.3 and OTHERS, have surpassed important moving averages, specifically the 100- and 200-day exponential moving averages (EMAs.) Franzen emphasized that the last such breakout occurred in July 2023, during which time Torrent used these EMAs as dynamic support to achieve higher highs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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