Binance Altcoins Suffer Record Low as 84% Remain Below Key Trend Level

The crypto market continues to struggle with lasting upside momentum, and Binance-listed altcoins are feeling the pain. According to CryptoQuant's Darkfost, a staggering 84% of these altcoins trade below their 200-day moving averages.

This condition has lasted nearly eight months, making it the second-longest weak altcoin cycle since 2020. The only longer period occurred during the previous bear market, when weakness lasted about ten months.

The 200-day moving average is a key indicator of long-term price direction across crypto assets. When most tokens trade below this level, traders usually read the market as weak and cautious.