84% of Binance-Listed Altcoins Trade Below 200-Day Average as Slump Nears Eight Months CryptoQuant analyst Darkfost said altcoins have been…
84% of Binance-Listed Altcoins Trade Below 200-Day Average as Slump Nears Eight Months
CryptoQuant analyst Darkfost said altcoins have been among the hardest‑hit sectors in the current weak market, with repeated failed momentum recoveries. According to CryptoQuant, about 84% of Binance‑listed altcoins are now trading below their 200‑day moving averages, an extreme depressed state that has lasted nearly eight months — the second‑longest weak cycle since 2020, behind only the roughly 10‑month downturn in the previous bear market.
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