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Altcoins struggle to bounce – ETH, XRP and SOL Outlook
Cryptos have bounced back quite swiftly since their rout last week. Nevertheless, the price action and sentiment around the digital assets class remain weak, looking for a spot to consolidate in peace. Indeed, when such dramatic outflows occur, even in traditional asset classes such as equities, bonds, or metals, participants take their time before regaining confidence and actually show meaningful buying interest. A crisis of belief often translates into slow, gradual drifts lower, the time required for participants to get flat, retire algorithms, and, overall, for market sentiment to return to a more neutral level. ... (full story)
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