Last chance for ALTs - particularly DEFI
Comparable to every other cycle, but more precisely last August into September.
Many DEFI coins have been far oversold relative to the rest of the market recently [COMP, AAVE, LINK, etc.]
This gives them room to run if BTC decides to follow a similar price action leading into September [typically does].
I say last chance - but this is obviously relative to the part of the bigger cycle that we're in. Assuming we reach higher highs later this year and perhaps into next year.
Many DEFI coins have been far oversold relative to the rest of the market recently [COMP, AAVE, LINK, etc.]
This gives them room to run if BTC decides to follow a similar price action leading into September [typically does].
I say last chance - but this is obviously relative to the part of the bigger cycle that we're in. Assuming we reach higher highs later this year and perhaps into next year.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.