Crypto analytics company Alphractal has issued a warning about altcoin, which has seen a significant increase of over 1,200% in just over a month.
Crypto analytics firm Alphractal has raised concerns about the rapid surge of over 1,200% in altcoin REEF within just over a month. While this spike has been profitable for early investors, the company cautions that the risks have grown, hinting at a potential market correction.
REEF is currently trading well above both its 200-day and 100-day moving averages, which Alphractal sees as a warning sign. The further an asset strays from these averages, the higher the risk of a correction.
Historically, negative shifts in REEF’s long/short ratio have been followed by upward price trends. However, a shift toward long positions now could impact the current market sentiment.
REEF’s volume-to-market capitalization ratio is at 162%, reflecting strong interest in leveraged altcoin trades, and signaling heightened volatility and the potential for a price dip. The funding ratio for REEF has returned to positive territory, but the MACD indicator has turned negative, suggesting a change in market sentiment.
Given these indicators, Alphractal believes REEF may soon enter a pullback phase as it seeks renewed buyer interest.
A fresh wave of speculation has hit the crypto market following a hefty stablecoin issuance by Tether, which quietly minted $1 billion worth of USDT on the Tron network earlier today.
Binance is adding more firepower to its Spot trading platform, announcing fresh USDC trading pairs and expanded support for auto-trading features set to go live on April 22.
The XRP network is flashing early warning signs, with a steep drop in newly created wallet addresses raising concerns about fading interest.
Solana kicked off 2025 with an impressive revenue milestone, pulling in $369.5 million in just the first quarter—half of what it earned over the entire previous year.