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It's Time to Create an Altcoin Basket: Prices Have Entered the Strategic Buying Zone! - Coin Bulletin
According to the CryptoQuant analyst, the re-accumulation process in altcoins has begun, and this period presents strategic buying opportunities for long-term investors.
Recent data from the on-chain analysis platform CryptoQuant indicates a notable signal for altcoin investors. One of the platform's analysts reported that the 30-day average trading volume has fallen below the annual average, which means a "buy zone" for medium-term investors. This situation was last observed in September 2023, shortly after the end of the bear market.
The published chart examines the total trading volume of altcoins based on stablecoin trading pairs. Here, the short-term (30-day) average falling below the long-term (-year) average indicates that prices may be at the bottom and that a accumulation process in the market has begun. CryptoQuant analyst emphasized that when these levels were reached in the past, the DCA or dollar-cost averaging strategy yielded quite efficient results for investors.
According to the CryptoQuant analyst, such periods can last for several weeks or months, but each time they offer important opportunities for long term purchases. Highlighting the example of September 2023, the expert notes that a similar structure is forming again. For investors considering long term purchases in altcoins, this data could be a critical signal.