Today's market analysis:
BTC: The rebound to around 58,500 over the weekend started a new round of decline. Referring to the adjustment in the rising process before halving, the BTC, which has accumulated some holding costs in the 51,000-52,000 range for ten days, can be used as a support position in this decline. It fell by more than 3,000 points in the morning. The operation within the range is mainly bearish on the rebound. Pay attention to the pressure of the 56,000-56,500 range on the top and 53,500-53,000 on the bottom.
ETH: After stepping back to the support range of 2910~2884, it rebounded slightly. The offline market is mainly based on lowering expectations and quick entry and exit. The short-term pressure is 2945~2975. The upward rebound trend in the medium and long term needs to wait for the internal structure to be seen. There is not much certainty at present. Those who want to take a gamble should set a stop loss of 4% (2820), and the target is 3133~3256.
For copycats: Before Bitcoin becomes bullish, avoid spot buying; a rebound of more than 20-30% is generally a signal to escape!
SOL: Yesterday, there was an obvious high-selling signal near the main control line of 145, and then there was a certain degree of rebound near the short-term support of 136.1 and the medium-term support of 127.6. It is still rebounding, but when the price approaches the target, you should act cautiously, avoid greed, and consider short-term profit-taking in time. Next, you can refer to the area between the medium-term support of 124.4 and 122.8, and the reference range for high-altitude operations is between the medium-term suppression of 141 and 145.
BB: Compared with Bitcoin, it is more resistant to declines this time. The upper pressure during the day is at 0.39-0.4, and the lower support is around 0.32.
SATS: It is difficult to get out of the rising market in the short term. It is more likely to be bearish after a sharp rebound. During the decline, one wave is lower than the other. (Please send a private message for details)
So, let’s take a look at the following cryptocurrencies that will soar in July and get huge returns.
Polygon becomes favorite of institutional investors, MATIC still in decline
Polygon (MATIC) was one of the few altcoins that experienced an intense sell-off throughout the first quarter. According to CoinMarketCap, MATIC’s price has plummeted 45% since the beginning of the year.
Despite the price drop, Polygon remains one of the top choices for institutional investors. Data from tracker rwa_xyz shows that most institutional funds and treasury products are deployed on Polygon. While this may help the price of Polygon to rise, indicators show that MATIC is still under bearish pressure around the $0.550 price range.
Dogecoin (DOGE) Enters Buy Zone, Price Set to Rally Significantly
Like many other top cryptocurrencies, Dogecoin (DOGE) has seen some losses over the past month. Following a 25% plunge on the monthly chart, the price of Dogecoin has recovered to the $0.1200 support level. However, Ali Martinez says Dogecoin has entered a buy zone and is ready for a big rally.
Analyst Matinez said that the Tom DeMark (TD) Sequential Indicator, which is used to predict potential reversal points in asset prices, suggests that the leading memecoin Dogecoin will rebound. According to the chart he shared, the price of Dogecoin could rise by more than 50% in July.
KangaMoon is not afraid of the bear market, the price is expected to rise by 100%
While most markets are facing strong bearish pressure, KangaMoon is one of the few exceptions. According to CoinMarketCap, KangaMoon’s price has increased after being listed on Uniswap and BitMart, and it has risen by more than 150% in the past week.
In addition to its recent listing, KangaMoon has also recently added a staking platform to its ecosystem, giving users the option to earn passive income. In the coming weeks, KangaMoon will release its P2E game, which market experts expect to rise further.
From the current price range of $0.098, KangaMoon is expected to trade above $0.20 by the end of July, making it the best cryptocurrency to invest in. KangaMoon’s Social-Fi framework is another factor that makes it one of the best cryptocurrencies to buy right now, as it gives everyone a chance to make money.
This new method enables KangaMoon users to earn KANG tokens and other surprise gifts based on how much they engage with the project on various social media platforms. Social-Fi is an integral part of the Kangaverse being built and has helped the project attract more than 32,000 users in just a few weeks.
Xiao Miao said this, do you have the answer in your mind?
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
