Current analysis of the altcoin market from Matrixport indicates that despite a recent recovery, sustainable growth is not observed.
Short-term Recovery in the Altcoin Market
Matrixport states that the recent recovery seen in the altcoin market is primarily short-term and focused on a few tokens. Price growth has been achieved, but it lacks fundamental support.
Lack of Fundamental Support
Analysts note that the current cryptocurrency market does not have clear fundamental factors which makes achieving sustained bullish momentum difficult. They point out that buying pressure in the derivatives market has not been strong, and many investors remain on the sidelines.
Investor Expectations and Future of the Market
According to analysts, many investors are waiting for clearer signals to enter the market, so recent price rises remain limited. They predict that the recent recovery may disappoint again, given the sharp decline in futures funding rates.
Therefore, analysts suggest that recoveries in the altcoin market may be short-lived and investors should exercise caution.
