Bitcoin continues to break new highs, driving the bull market, and many old retail investors who had retired have also returned!
The market went sideways over the weekend, and rebounded quickly after a correction to 95,000 in the evening. This adjustment is the first time that MA30 has been broken in this round of rise, and the big cake may go sideways in the short term.
It is expected to continue to hit 100,000 today. If it fails to break through Friday’s high, it may pull back to 91,000.
Old coins such as XLM, KSM, BHAR, and XCH have recently surged, indicating that old coin friends from the past few years have returned! Their first choice is the familiar DOGE, SAND, MANA, AXS, GMT, etc. Currently, new players pay little attention to them, but when old players return, they first look at the coins they were once familiar with. I hope this wave will not leave with regrets.
On the other hand, Ethereum is expected to upgrade at the end of December or early January, and is expected to break through the 4,000 mark. However, before that, there are two possible scenarios to consider and arrange the operations reasonably. Which version do you prefer?
Scenario 1: Ethereum has performed weakly recently and may form a head and shoulders pattern. It rose to around 3400 to lure more buyers, and then fell sharply, breaking the 3250 support. Retail investors were trapped at high levels, and it fell to around 3000 and then started to rise again after selling.
Scenario 2: The support of 3250 is not broken, and the market moves into an upward channel after consolidation. Retail investors get off the market due to the volatility, and then miss out again when the market rises quickly.
Have you grasped this big golden dog?
On Sunday, Musk’s tweet “promoted” a small-cap meme coin WOULD, and it took less than a minute to start! Smart money Bkkrw...Xhwyp bought 5 SOL (1294 USD) as soon as Musk tweeted, and has now accumulated a profit of 220,000 USD, with a return rate of up to 16,845%.
There are two main trends in the market now:
Musk’s DOGE market: Since Trump’s election, market sentiment has warmed up, and Musk’s DOGE token has risen sharply. Musk’s frequent tweets on Twitter not only focus on technological innovation, but also drive the volatility of related tokens. Every tweet seems to give birth to new “Dogecoins” (meme coins), which quickly attract a large amount of speculative funds and become an important force in the crypto market.
Coinbase market: Since Coinbase launched PEPE, the currencies that were subsequently launched have generally seen considerable gains, especially under the positive expectations of the SEC chairman stepping down, and overseas market sentiment is high. Despite the lukewarm domestic response, the unilateral market of currencies such as $XRP, $ADA, and $XLM may still continue. It is recommended to pay attention when the market falls back to avoid blindly chasing highs. Well, Xiao Miao will not say much about the on-chain local dog market, and there are shares in the ⭕nei and Weibo blog posts and short messages! Next, let's take a look at a few spot targets!
SAND
As one of the pioneers of the Metaverse, it has performed well recently. It has successfully broken through the daily suppression line, and the market focus has turned to blockchain game-related tokens. After 149 days of consolidation, $SAND began to explode and quickly made up for the losses within four days. At this time, most retail investors did not hold chips, and the main force triggered a rise after absorbing chips, and retail investors began to chase high. At present, $SAND is close to a weekly breakthrough. If it can stand firm at $0.82, it may continue to rise to more than 3 magnesium.
DONE
As a leading project in the field of AI, the current price is around $1.5. You can consider entering the market at this price and covering your position around $1.42, with a target of more than $2. From a technical perspective, the $FET daily chart continues to oscillate within the triangle, and the MACD indicator shows an entry signal. The upper edge line is constantly tested, and if it breaks through this position, it is expected to usher in a large-scale increase. As the popularity of AI continues to heat up, $FET is expected to become one of the first leading projects, with high cost performance and worthy of attention!
WHERE
Despite a 6% drop between November 17 and 20, it has since rebounded impressively, rising 102% in the past 14 days and ending the week with a 51% gain. $MANA is currently trading at $0.7303, a new 9-month high, up 16% in the past 24 hours. The price is forming a rising wedge, which usually indicates a risk of a correction. Meanwhile, its relative strength index (RSI) has surged to 84.21, which is in the overbought zone. If the bulls fail to break and hold the critical support of $0.7280, $MANA could face a short-term correction.
AXS
Last week, it rebounded from $5.34 to $7.05, an increase of 31%. Although it fell back later, it still rose 12% for the whole week. This week, $AXS continued to rise strongly by 21.78%, and the current price is $8.19. From a technical point of view, AXS has successfully broken through the Ichimoku cloud area and stabilized the support. The MACD indicator shows a further upward signal. If AXS breaks through $9 this week, it will lay the foundation for challenging higher resistance levels.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared for free. #SAND
