
Most Altcoins Now In ‘Opportunity’ Zone, Santiment Reveals
According to a recent report from Santiment, it appears that the majority of altcoins are now in an “opportunity” zone. This comes as a surprise given the recent market turmoil caused by the news related to tariffs.
As per the graph provided by Santiment, almost all of the altcoins have their MVRV divergence greater than zero across various timeframes. Furthermore, most of these altcoins also have mid-term MVRV divergences exceeding 1.
The “opportunity zone” referred to is that point where the model shows a buy signal for the majority of the altcoins. It’s essential to note that this comes at a time when the global cryptocurrency market is reeling under uncertainty, with Bitcoin (BTC) having dropped over 9% in the past seven days.
The chart provided by Santiment suggests that while there have been negative returns for these altcoins due to recent market fluctuations, the model may be suggesting a buy signal. However, it’s crucial to consider the ongoing uncertainty surrounding global tariff solutions and its potential impact on the cryptocurrency market.
Santiment notes that if a resolution is reached in this regard, it would likely lead to a swift recovery of the market.
Source: https://bitcoinist.com/most-altcoins-now-in-opportunity-zone-santiment/