A decline at the beginning of September?
On the eve of the Fed’s announcement, people in the cryptocurrency circle were in panic!
This year's market conditions are quieter than in 2021, 2022, and 2023. This can be clearly seen from the on-chain activity. Gas has never been so low.
Although 2021 was a year of transition from bull to bear, the activity was extremely high, and there was no shortage of participants in various projects. Although the market bottomed out in 2022, everyone was full of hope, and the concept of web3 set off a good upsurge. Whether it was for profit or investment, good returns could be reaped in 2022.
The current market's anxiety has reached a bottleneck, and there should be some action at this position. When everyone is almost losing patience, the market will come.
Today is Tuesday, and this week is expected to show an upward volatile market, and some altcoins will have independent trends. Bitcoin is currently around 59,000, and Bitcoin is around 2,500. If it stands firm here, it will continue to break through upward.
Market Anxiety Is Nearly Hitting Bottom, These Three Cryptocurrencies Are Expected to Explode in the Bull Market!
1.FLUX
Flux
In the past 24 hours, the market value has increased by 6%, becoming one of the best performing stocks of the day, attracting market attention and analysts predicting further growth. Its fully diluted market value is approximately 2.32789
The ratio of trading volume to market value exceeds 40%, with strong liquidity.
Flux is a proof-of-work cryptocurrency that supports the Flux ecosystem to support
Web3 is used for transactions, staking, etc. within the ecosystem. Flux recently rebounded from a key support level, with the $0.40 support level having been in place since September 2023.
The latest rebound indicates that prices will continue to rise, and the double bottom formation of the RSI indicator in the oversold area also suggests a potential upward trend.
Market analysis sets Flux's potential target price at
$0.96, $1.05, $1.20, $1.44 and $1.65, with the current support level at 0.82
The U.S. dollar, if it holds, could hit a new high, and if the momentum continues, the target price could reach $3.0397, a gain of 474.83%.
2. HIM
Uniswap is a well-known brand in the cryptocurrency market, but it has struggled in this bull run. Although the DEX platform activity has increased, people are concerned about its return to 2024.
The year-end high was expected but was not achieved because most transactions were conducted on centralized exchanges. The price of Uniswap did not rise back to $15 and hovered around $5.9.
Around US dollars.
Despite the challenges, there are still signs that whales may be hoarding, with its market cap stable at $3.551 billion, ranking 23rd, with stable prices and a 24-hour increase
2.45%, but fell 9.79% to $5.92 last week. The recent trading volume has increased by more than 12%, and the price may rise by more than 10%. UNI price shows signs of recovery and aims for 20
Day EMA mark.
The altcoin is showing a reversal pattern and may make a comeback. The formation of a bottom around $5.20 suggests that the retracement may be completed and it is ready to rebound. If the demand picks up, UNI may aim for 50
The daily moving average is near the $7 mark, triggering a reversal.
3.CRV
Curve DAO (CRV) price has risen slightly recently, which may be a good opportunity for investors. Altcoins fluctuate with the general trend, and CRV price is now in the demand zone, with strong buying interest.
In the hours following the 10:00 pm ET, CRV price surged by 2.65%. On August 12, the token inflation rate dropped to
6.35%, reigniting investor interest and laying the foundation for potential growth. Low inflation rates reduce the number of new tokens entering the market, pushing up prices.
The reduction in token supply is expected to have a positive impact on prices, with CRV falling more than
35%. On August 13, rumors of falling inflation stimulated trading, with daily trading volume jumping 71.90% to 2.44
US$ billion, a two-month high.
The surge in trading volume reflects strong market interest, supporting price increases. If CRV maintains its bullish momentum and surpasses the Ichimoku Cloud leadership area
B, the coin may reach $0.44 or even rise to $0.54, and if the market turns bearish, the price may fall below the Ichimoku Cloud and drop to $0.18.
