Popular analyst The Flow Horse claims that last week’s market-wide correction has put altcoins in a position to see muted price movements over the next few months. The analyst expects cryptocurrencies to trade sideways until July. Here are the details…
In its latest analysis, The Flow Horse stated that after the correction wave in the overall crypto market, altcoins will follow a stable course for a while. According to the trader, the lack of investor inflow could see altcoins remain in a stable range for months, with some local lows being recorded ahead of the next big rally. He emphasized that during this period, investors should focus on long-term trends rather than short-term major price movements. According to the analyst, the fact that these digital currencies continue this horizontal course until July should be seen as a period of accumulation before gaining new momentum in the market. During this time, traders can strengthen their positions for the next big move.
“In my opinion, time is a pretty important component of corrections, especially in a market that is still very long and has no new retail flow coming in. Even if the market moves sideways until July, when the lows are still at the same level as now, I would rather buy too early and buy more than deal with the psychological problems created by sideways movement. Many will make new highs, but will still make new *local* lows first. The new investor is not here and there are not enough bidders for the bags.”
The Flow Horse is bearish for altcoins, but sees three crypto projects that will stand out when cryptocurrencies regain upward momentum allegation are: AI (artificial intelligence) coins, meme coins, RWAs (tokenized real-world assets).
Finally, the analyst says that he is accumulating altcoins to benefit from big jumps for now.
You can access current market movements here.
