This is the second longest period of such weakness since 2020. The record is about 10 months during the 2022 bear market.
Historically, after the end of such prolonged periods of weakness, growth phases of altcoins occurred. The 200-DMA is one of the main long-term trend indicators. As long as the coin price is below this line, it does not have a sustainable uptrend – the market does not confirm the strength of the asset, and any attempts at recovery are quickly extinguished.
