LFG
Mar 31, 2022
• 9
Min Read
Weekly Recap
It was another week of green candles across the crypto ecosystem as bitcoin flirted with its 200-day moving average for the first time in several months.
Like last week, the more speculative sectors outperformed the prior 7-days, with the once-beleaguered DeFi sector continuing to turn some heads.
Source: Messari
Below we examine some of the reasons we think that this relief rally mirrors those seen in late 2021 and why this rally might have some legs on it.
No Signs of Overextension
A good barometer of whether a rally is sustainable or not is how trader...