As BTC created the largest monthly increase in history of nearly 100,000 US dollars, the copycats finally couldn't wait and started rotating.
What most people didn’t expect was that first the meme coins exploded, and then the old coins became rampant! This disrupted our original plan and expectations for the rotation of sectors. The bias against old coins made me fail to adjust my strategy in time. But the market is right, and we need to constantly adapt to the market. #非BTC板块市场走势
Next, let’s take a look at where the leading companies in the old coin sector will go next?
First of all, the leader of this wave of old coins and memes $DOGE
The dog was first launched on the eve of the election, because Musk almost all-in to help Trump. In the end, it helped Trump win the election and broke out completely!
The explosion of doge originated from Musk's support for it 4 years ago. It has jumped from an unknown old dog coin to the leading meme coin in the market!
In this rise, DOGE has risen by more than 430%! It’s outrageous. I remember when they were discussing the impact of market capitalization on a token’s price increase during the bear market. Looking back, it seems like a joke.
Let's look at the chart. The weekly line has accelerated its rise in the past three weeks. Today it is 0.48, but the weekly line of the Big Dog has TD9. Historically, each time it has adjusted for at least 3 weeks. But the follow-up is still bullish on the Big Dog to $1! The weekly support is around 0.35
Ripple and its younger brother, Stellar
Ripple has been in a lawsuit with the SEC for several years, and finally rose sharply after Trump's election and the current SEC chairman resigned in January! Stellar and Ripple belong to the same company and are brothers #XRP与SEC新局面
In the chart, we can see that Ruibo has continuously broken through the weekly pressure in this rise, and has now reached the weekly top area pressure near 1.6. Will it break a new high or create a historical high since its listing 15 years ago?
Of course, while doing fomo, you need to be careful about the weekly support around 1.2
XLM Stellar also hit the weekly pressure zone near 0.47. Only 0.62 and the previous high pressure are large enough. But the support is relatively far away, around 0.33.
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$ADA Cardano
Speaking of ADA, I really have a sad past! In 2017, I even bought ADA for $3, haha, and I continued to buy ADA during the historical bear market in 2018. By May of that year, the most I owned was Ada worth more than 1.7 million U...
Then I was very lucky. After the secondary rebound in April and May 2018, the ADA I held kept falling and shrinking. In the end, I sold my ADA at the historical bottom of 0.04 after the decline in November of that year, but my holding cost was more than 0.65! Within 3 years after I sold my ADA, it rose back to 3 US dollars!
This is the token that has caused the most losses in my 7-year cryptocurrency trading career. In less than a year, it has shrunk 15 times, with a loss of more than 10 million RMB. That is all the savings from my hard work in the first half of my life.
If it weren't for ADA, I wouldn't have chosen to learn technology. I'm a stubborn person and I was extremely dissatisfied at that time. So I entered this industry from then on. Let's get back to the topic!
ADA broke through the weekly pressure of 0.85 and 1 dollar yesterday, which is too hard. The current support is still around 0.8-0.85, and the nearest pressure above is 1.2-1.25. I think it will be tested today and tomorrow. In the future, it will go up to 2 dollars. I am afraid that this bull market will have to see whether it will break 3 dollars to create a new historical high!
I'm done, stop pulling! ! Let my TAO and SUI pull too! ! !