Altcoins Resist Downtrend as Fear & Greed Index Drops to 11
The Fear & Greed Index has plunged to 11, signaling extreme market fear. Despite the bearish market sentiment, several altcoins are recording strong gains. Zcash (ZEC) has jumped nearly 30% in the past week, 155% in a month, and over twelvefold in six months, trading between $500 and $820 with resistance at $940 and $1,260. Starknet (STRK) surged roughly 74% weekly and 114% monthly, trading at $0.15–$0.27 and eyeing resistance at $0.31 and $0.43 amid an RSI nearing overbought levels. Pi Network (PI) is up 5% weekly and 14% monthly, trading at $0.21–$0.24, but remains down 70% over six months and faces resistance at $0.28. This resilience highlights potential bullish setups for altcoin traders as market fear peaks.
Bullish
The extreme low in the Fear & Greed Index at 11 indicates peak market fear, a contrarian signal often preceding price rebounds across crypto markets. Here, altcoins like ZEC, STRK and PI demonstrate strong upward momentum despite bearish sentiment, breaking key moving averages and resistance levels. Historically, similar surges in altcoins during high-fear periods—such as the March 2020 crash—preceded broader market recoveries. These resilient performances suggest growing investor confidence in these tokens, creating bullish opportunities for traders seeking short-term breakouts and long-term accumulation. Therefore, this news is likely to reinforce buying interest, support market stability, and drive further altcoin rallies.