The cryptocurrency market is overall long term bearish until proven otherwise, but many altcoins are hinting at a possible relief bounce as they approach strong support lines, are near the bottoms of channels, are oversold on the daily RSI, and playing within reversal patterns (falling wedges, etc.).
Here is a quick look at XVG, which has retraced 93% from its all time high.
Here is a quick look at XVG, which has retraced 93% from its all time high.