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Altcoin rally cools as share of rising tokens drops sharply

Altcoin gains have slowed markedly in recent weeks, according to an on-chain analyst cited by CoinPost. Darkfost said an altcoin uptrend that ran from late August to early October is losing strength, citing the share of Binance-listed altcoins trading above their 200-day moving average. After rising for about two months, that share has fallen to around 52 percent as more tokens slip below the long-term trend line. Funds have also turned negative, with more than $134 billion leaving the market in the past 15 days.