The logical line has been reconstructed, and new major variables have been added to the market. First, there was the Middle East war between Iran and Israel, and then there was the big plunge of Nikkei. Yesterday, the market's story line was still recession, but today it has become the Third World War and the financial crisis.
Yesterday, the hourly line of the big cake was still moving in the "helping an old lady down the stairs" pattern, and then in the early morning the pattern changed directly, and it became directly pushing the old lady down the stairs, causing her to fall heavily.
I have mentioned before that if the market makers want to crash the market and pick up the corpses, the bad news must be attractive, otherwise the market will not buy it. Today’s story line is rich enough, directly pushing the panic index to 20+, the level of 22 years.
Yesterday we were still discussing whether there would be no interest rate cut in September. Today the logic has changed again. The Nikkei is not just a Japanese matter. The Nikkei has close ties with the global financial market. Coupled with the sharp fluctuations in VIX, tonight will not be peaceful.
However, do not be afraid of the financial crisis. We know that as long as there is a financial crisis, the central banks around the world, including the Federal Reserve, have only one way to go: release money! We don’t know how they will release money now. Lowering interest rates is far from enough. They must directly inject money. We are waiting for the results of Powell’s communication with Japan.
The crypto strategy I gave you yesterday: survive. It worked in today's market, and it's still the same today. Survive first, deleverage comprehensively. If you still have funds, don't rush to buy at the bottom, at least wait and see after the U.S. stock market opens tonight.
The reason why Ethereum fell so deeply was that many large investors were liquidated in succession, which released a huge amount of volume and laid the foundation for the subsequent Ethereum market, stepping on the corpses of contract and leverage players.
Summary: The financial crisis has caused great pain to the current market, but it will also bring about the real release of liquidity sooner. The first priority of the current strategy is to survive. Now it is impossible to determine where the real bottom is, and bargain hunting funds need to be patient.
Buy the bottom of 4 cryptocurrencies that will increase 100 times in the future!
1. HIM
Uniswap (UNI) is currently trading between $4.89 and $5.2 and despite being down nearly 15% this month, it still shows growth potential.
Although bulls appear weak and the nearest resistance at $8.69 has not been breached, there are positive signs in the outlook. The support at $6.46 provides a solid foundation. Notably, UNI has shown resilience, growing by 9% over the past six months. If UNI breaks above the second resistance at $9.80, the price could surge significantly, potentially by 20%. The long-term potential remains strong and depends on the strengthening of bullish momentum for a significant upside.
2.NOT
Notcoin has been trading in a range of $0.009199 to $0.009428 and is currently hovering around its 10-day moving average of $0.0113.
This indicates cautious bullish sentiment, with the price consolidating below the critical resistance level of $0.0184. Despite active sellers, Notcoin’s impressive 6-month growth of 465.45% suggests significant upside potential ahead.
If the price breaks the $0.0184 resistance, it could climb to $0.0227, marking approximately
40% gain. The RSI at 50.40 reflects a balanced market, while the Stochastic high at 82.29 shows that the coin is not yet oversold, indicating opportunities for further growth.
3.ELF
The steady growth of aelf (ELF) can be attributed to a favorable regulatory environment and a strong technology sector. Primarily, these factors have driven crypto adoption. Moreover, the launch of Bitcoin ETFs and increased regulatory compliance on major centralized exchanges have greatly impacted its growth. Due to these factors, the average price of ELF could rise to $3.50 and reach a high of $4.75 in 2025.
In addition, aelf has established a network of strategic partnerships with key industry players, including large digital asset managers, educational institutions, and decentralized liquidity networks.
One of their main strategic partners is Huobi, one of the world's largest digital asset exchanges. This collaboration has greatly improved the liquidity of the aelf token and expanded its adoption. In addition, they are also working with innovative platforms such as the Innovation Alliance to further develop their blockchain protocol.
Aelf (ELF) is currently trading at $0.3 with a market cap of $300.97 million. In the past 24 hours, aelf’s price has increased by more than 16% and is ranked 152nd among all cryptocurrencies with a daily trading volume of $132.82 million. The sentiment surrounding the ELF price prediction is bullish, but the Fear and Greed Index shows a score of 37 (Fear). However, the increase in the coin’s trading volume indicates growing optimism about the upward trend. Lastly, the 14-day Relative Strength Index (RSI) is 31.40, which puts the cryptocurrency in a neutral zone.
4.GLM
Golem has created a massive digital network of decentralized computing power. It harnesses the computing power of countless machines around the world. First and foremost, it is a groundbreaking project in the blockchain space. It transforms idle computing resources into supercomputers that anyone can access. Golem's native token, GLM, facilitates transactions within this network. This enables users to buy and sell computing power easily and efficiently.
Furthermore, Golem’s appeal lies in democratizing access to computing resources. It offers a cost-effective alternative to traditional cloud computing services. This includes everything from rendering complex graphics to running scientific simulations. This decentralized approach reduces costs and enhances security and privacy. Users retain control over their data. Furthermore, the recent Golem airdrop event has expanded its reach. It distributed GLM tokens to a wider audience, encouraging wider participation in its ecosystem.
The 14-day RSI is 60.10, indicating that Golem is trading neutral. However, its strong performance above the 200-day SMA of 43.45% shows strong bullish momentum. Moreover, Golem has risen on 16 of the past 30 days, accounting for 50%. The low price volatility makes it a relatively stable asset. In the past year, Golem has risen by 50%, outperforming 60% of the top 100 crypto assets. This highlights its competitive advantage.
Golem (GLM) price is expected to reach a low of $0.5 by 2025. The average price might be $1 and go as high as $1.50. This positive outlook is driven by favorable regulation, significant growth in the technology sector, and falling inflation rates. Additionally, the introduction of an Ethereum ETF could attract significant investment into altcoins like GLM. If this happens, Golem could become one of the next cryptocurrencies to break out.
