Crypto altcoin pain deepens as red monthly candles continue to stack up
Altcoins are mired in a prolonged downturn, with ethereum, XRP, solana, and dogecoin deepening their monthly losing streaks.
Ethereum has dropped more than 8% in the last 30 days, on pace to record its fifth consecutive month of negative returns. XRP, solana, and dogecoin have slumped between 5% and 7% in the month, setting them up for four straight monthly red candles, data from TradingView shows.
Cryptocurrencies have not stopped bleeding (TradingView)
Market-implied probabilities derived from event contracts underscore the bearish tone. Investors have priced in just a 2% chance ethereum rises above $3,500 this month, a 6% chance XRP tops $2.10, 5% odds on dogecoin climbing above $0.14, and a 1% chance solana rallies above $150.
(Event…
