One Of The Biggest Comebacks Ever—Yes, Really 🥊

Insane rally today, historical for many altcoins

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OVERVIEW

One Of The Biggest Comebacks Ever—Yes, Really 🥊

Source: Giphy

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

TECHNICAL ANALYSIS
Legit Historical Moves 😲 

It’s 3:00 PM EST, and as I write this section of the Litepaper, we’re witnessing some extraordinary recoveries across the crypto market. No one can predict what will happen between now and the end of the day, but these are already shaping up to be among the biggest bullish daily retracements on record. 🤯 

Algorand

ALGOUSD Daily Chart - Click to enlarge.

If it closes today at its current price of $0.307, it will mark the largest bullish recovery from the daily low in ALGO’s history.

Cardano

ADAUSD Daily Chart - Click to enlarge.

If ADA closes today at the opening price of $0.805, this will be its second-largest bullish daily retracement ever. If it goes slightly higher and closes at $0.81, that would be its biggest daily retracement in history (+59.64%).

Chainlink

LINKUSD Daily Chart - Click to enlarge.

Currently around $21.28, LINK is on track to record its third-largest daily retracement ever—and the largest since June 28, 2019. This is especially notable because the largest retracements for LINK occurred when it was trading around $2.

Ethereum

ETHUSD Daily Chart - Click to enlarge.

If ETH closes today near its opening price, it will mark the seventh-largest bullish daily recovery in its history, and the biggest since March 2017, when ETH was in the $40 range.

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