{"id":139318,"date":"2024-10-10T16:50:45","date_gmt":"2024-10-10T13:50:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139318"},"modified":"2024-10-10T16:41:22","modified_gmt":"2024-10-10T13:41:22","slug":"analysts-issue-a-warning-for-an-altcoin-that-surged-1200","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analysts-issue-a-warning-for-an-altcoin-that-surged-1200\/","title":{"rendered":"Analysts Issue a Warning for an Altcoin That Surged 1,200%"},"content":{"rendered":"

Crypto analytics firm Alphractal has raised<\/a><\/strong> 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.<\/p>\n

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.<\/p>\n

Historically, negative shifts in REEF\u2019s long\/short ratio have been followed by upward price trends. However, a shift toward long positions now could impact the current market sentiment.<\/p>\n