After weeks of relentless selling pressure, altcoins are finally finding their footing around the October 10th support level. The bounce is starting to take shape.

Take LINK as a prime example. It just cracked above its 21-day moving average—the first time since summer. That's not trivial. When a coin breaks through that kind of resistance after months of underperformance, you typically see renewed interest flooding back in.

The technicals suggest the worst might be behind us. Whether this holds or we get another flush remains to be seen, but the structure is shifting.