11.04 Morning News:
1. $BTC is affected by the election and the volatility is increasing. Due to the weekend, ETFs cannot enter the market and we can only wait and see;
2. The decline of $ETH is second only to $BTC, and it finally has the momentum of the second brother;
3. After $SOL fell below 160 yesterday, it is now recovering with a large amplitude, and the desire to buy at the bottom is strong;
Solana’s on-chain DEX daily trading volume has continued to rank first since October 11;
BTC technical analysis: If Bitcoin rises above 80,000, a full-scale carnival of altcoins will come!
I said yesterday that I would buy more stocks below 67,500, and stop loss within 500 dollars per stock.
It can be seen that yesterday around 67,500, the resistance of the bulls was still very tenacious, and compared with the weekend, the volume has increased. It is currently temporarily out of the cost area, and the trend can be regarded as a correction to this rise.
Yesterday, we said that it would stabilize above 68,000 because 68,000 was the position of sideways trading before the small-level spike. The 69,500 range is the 0.5 Fibonacci retracement position of the previous small-level rise, and it is also the position where the 4-hour EMA21 and EMA55 moving averages intertwine.
Therefore, it is very important to break back above 69500, and breaking above 70500 can confirm that the market has returned to the bullish dominance. At present, the rise has not been driven, so orders should still be cautious.
Looking back four years ago, Bitcoin began to soar at the end of October, and when it rose from 10,000 to 30,000 by the end of the year, the craze for altcoins really started. I remember that on New Year's Day, altcoins such as Polkadot and UNI soared directly, and Bitcoin's market share fell rapidly from about 70%.
I guess this time, if Bitcoin rises above 80,000, a full-scale carnival for altcoins will come!
The bull market is about to take off and these three altcoins will soar 100 times, they are worth investing in!
1.ABOUT
SUI is a public chain that has attracted much attention in recent years. It relies on its technological advantages to continuously expand its market territory. It not only promotes the development of DeFi and game projects, but also launches compliant USDC stablecoins and conducts global training. Compared with some projects that rely on social networks, SUI relies on technical strength to move forward steadily. The current price increase is performing well, which is an opportunity for long-term investors to get on board. At the same time, as of press time, Sui’s token is worth $1.85, reflecting a 4.8% increase in the past week.
Other indicators, such as high liquidity and consistent performance trends, suggest that its position in the market is solid. The token has shown resilience, with 15 “green” trading days in the past month. Additionally, Sui is trading 217.12% above its 200-day simple moving average (SMA) of $0.5837. This reflects a positive trajectory, especially when compared to its initial token sale price.
2.DOGE
Dogecoin has gained a lot of attention over time. The price of Dogecoin is $0.151, with a daily trading volume of $4.35 billion, a market capitalization of $21.33 billion, and a market share of 0.92%. Although the price has fallen by 6.85% in the past 24 hours, it has risen by 3.31% in the past week and 34.31% in the past month.
The overall sentiment of Dogecoin is considered bullish, with the Fear and Greed Index at 69, indicating "greed". In addition, Dogecoin is trading 25.60% above its 200-day simple moving average, a level that is generally considered a positive sign for long-term performance. Moreover, the 14-day relative strength index (RSI) is 60.87, which is neutral and suggests that the price of Dogecoin may be stable or sideways for now.
Dogecoin has shown sustained activity over the past 30 days, with 18 days trending higher, or 60% of the days up, indicating relatively strong momentum. While these indicators suggest a positive market trend, Dogecoin’s price remains difficult to predict due to broader market conditions.
3. PEOPLE
Topping the DePIN altcoin list is Bittensor, an open-source protocol that powers decentralized blockchain-based machine learning networks. Bittensor’s native token, TAO, has fallen 15% over the past 30 days and is trading at $510.86. At one point this year, the altcoin was valued at nearly $800. Therefore, the recent drop suggests that TAO may offer a buying opportunity.
On the daily chart, TAO’s price is below the 20-day exponential moving average (EMA) (blue). However, the coin has yet to fall below the 50-day EMA (yellow). On the surface, it is unlikely to fall below this threshold, suggesting that TAO’s price could jump to $681.85 in November.
More practical strategies, specially prepared for spot enthusiasts and bull market hoarders! Click on my avatar to follow and get my bull market strategy deployment, which is shared for free to all fans. You need references, I need fans, and I want to be the most generous bull market blogger on the entire network!
