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83-Asset Scan Highlights Selective Strength in TRX, MORPHO, and LINK
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CoinEx News: A technical scan of 83 liquid crypto assets covered a mix of mainstream tokens and liquid mid- and smaller-cap names with established spot markets and sufficient trading history. At the August 13 close, 14 assets generated bullish readings, 31 were bearish and 38 were neutral, while 50 advanced on the day, showing that positive daily breadth had yet to translate into broad trend confirmation.

Overall, the scan indicated selective strength rather than a broad altcoin recovery. Momentum remained concentrated, with fewer than 20% of assets producing bullish readings. TRX stood out for trend stability, while MORPHO showed an emerging reversal and LINK displayed improving momentum, making the three notable watchlist candidates. The broader market backdrop therefore remained defensive at that stage. A more durable recovery would require over half of the 83 assets to reclaim their 20-day averages and Bitcoin to hold above $64,100; a break below $62,380 would weaken the rebound case over the following several sessions.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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