Bull market characteristics: This round of bull market will not be like the last bull market where all coins rise. Most of those who expect the last bull market to happen again entered the market during the last bull market.
The rate cut indicates that the biggest market narrative has been settled, and there may be a lack of new narrative focus in the future. Moreover, the US stock market has been strong this year, but there may be a collapse and correction after the rate cut.
Every sharp drop in the market is an opportunity to build a position, and this position can be held until the end of the year. When selecting coins, it is recommended to select coins with high capital consensus and strong market makers. The Meme sector has risen too much this year, and it is uncertain whether it can set a new high, but strong market makers can still be considered. The AI sector has undergone a long period of adjustment and is worth paying attention to. In addition, Binance's new coins such as NOT and BB have performed well. For the VC coins that are criticized in the market, we cannot generalize. As long as it can pull the market, it is a good coin. While there is a trend, seize the trend first.
4 cryptocurrencies that could surge 100x before the bull run!
NOT
The price of Notcoin has surged by 80% in the past few days, which has attracted widespread attention in the cryptocurrency market. Although Notcoin’s price has fallen by 0.5% in the past 24 hours, its current price reaches $0.01606, marking significant growth since hitting a seven-day low last Friday. Notcoin has gained 21% over the past week but has fallen 13% over the past 30 days.
Notcoin’s technical chart shows that although its price has fallen slightly since the beginning of the week, it is likely to rise again soon. Its relative strength index (RSI) dropped to 45 this morning but has since recovered slightly, suggesting that buyers may be about to return to the coin. The coin’s trading volume has also increased significantly today, reaching $700 million, compared to $300 million a few days ago, indicating that interest from buyers is picking up and they are clearly taking advantage of the price declines this week and this month.
BNB
The BNB/USDT pair turned down from the 20-day EMA ($547) on July 11, which shows that the bears are aggressively defending this level. The bears will aim to pull the price down to $495, which is an important level to watch closely. If the price rebounds at $495, it will indicate that the bulls are struggling to make higher lows, which will increase the possibility of a breakout above the 20-day EMA.
Conversely, if the price breaks below $495, it will mean that the bears are still exerting pressure. At this point, the pair could sink further to $460, which is likely to attract strong buying from the bulls.
JTO
Jito Network is a staking protocol. By staking through Jito Network, you can obtain the staking income of Solana ecosystem. Secondly, Jito cannot be understood as a traditional staking protocol. Compared with other staking protocols, Jito is unique in that staking users can also obtain MEV income. Therefore, users can obtain double income by staking on the Jito platform. Jito is also the first liquidity staking protocol on Solana that has both MEV income and staking income. This is the main reason why Jito can provide higher income.
This one
Ethena (ENA) is currently trading between $0.30 and $0.51, showing that bulls are gathering strength. Despite the recent market conditions which has seen it drop around 45% in the past month, the coin is still showing positive growth of over 40% in 6 months. The RSI around 54 suggests upside with resistance at $0.64 and $0.84, a breakout of which could carry the price inching up around 25% to 65% from the current levels. The Stochastic and MACD indicators are pointing towards increasing momentum.
