Depleted vs BTC/ETH — Expect Continued Underperformance
I see the asset has been depleted versus Bitcoin and Ethereum, showing clear relative weakness.
It has failed to keep up with BTC/ETH rallies and likely lost momentum and market interest.
I would avoid adding new long exposure and consider trimming or exiting positions until relative strength improves.
Analysis
Recommendation
Don't initiate new long positions; consider selling or reducing exposure and wait for a clear recovery in relative strength against BTC/ETH before re-entering.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.