The Dip is here — at least it was.
Algo dipped to a low of $0.93 overnight, while Bitcoin lost $10,000, briefly dipping to $48,000, a correction near 20% (Cointelegraph).
While some panicked buyers likely woke up in a sweat, Twitter saw lots of hodler's asking each other who's buying what at these low prices — including yours truly, The Algo Post:
However, the correction seems short-lived, as BTC has now recovered to $53,880 at time of post. Indeed Algo never reached below its previous support level of $0.92 from February 10, 2021.
Algo, previous low 02/10/21
Overall it sounds like this may have been a small correction for the market, but stabilization and previous support levels quickly brought Algo and other alt-coins back from their lowest dips.
Having trouble riding out the dip? Check out "Ride the Dip" in our In-Depth section.
— The Algo Post
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