Buy Altcoins Amid Uncertainty: Chart Suggests DCA Strategy May Be Appealing

A chart suggests a potential buying opportunity in the altcoin market, as its 30-day moving average dips below the annual average. This pattern echoes historical trends that preceded significant rallies. While analysts debate the market’s direction amid a trade war between the USA and China, some traders are encouraged to start accumulating their favorite altcoins using dollar-cost averaging (DCA) strategies. CryptoQuant shared a chart indicating increased trading volume of altcoins against stablecoins, potentially pointing towards a favorable period for DCA plans. 30-day moving averages of altcoin prices have fallen below their annual averages, a signal that suggests potential buying opportunities. This pattern was last observed in September 2023 before a large market rally. However, the current market climate remains unpredictable and complex.