Altcoins are mired in a prolonged downturn, with Ethereum, XRP, Solana, and Dogecoin deepening their monthly losing streaks. Ethereum has dropped more than 8% in the last 30 days, on pace to record its fifth consecutive month of negative returns. XRP, Solana, and Dogecoin have slumped between 5% and 7% in the month, setting them up for four straight monthly red candles, data from TradingView shows.
This pattern underscores ongoing weakness across major altcoins and signals a broad downturn rather than isolated moves. Traders will be watching for a potential catalyst that could shift momentum, while macro factors and market sentiment remain in focus.
With four monthly red candles likely ahead for some tokens, investors may seek safer exposures or wait for clearer signs of reversal. Market analytics and price action will determine the pace of any recovery in the coming weeks.
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