In the last 24 hours, a total of 582,486 people were liquidated, with a total liquidation amount of $1.711 billion. It has been a long time since we saw such a large liquidation amount; during a bull market cycle, there is significant risk in contracts, so everyone must be cautious.
Yesterday, we mentioned that Bitcoin would undergo adjustments at the 4-hour level, while also warning contract players to be aware of risks; bull markets are the easiest to have sharp rises and falls.
In the recent drop, Bitcoin fell from a high of $100,000 to a low of $94,000, then rebounded to about $97,000; Ethereum also fell from $3,900 to $3,400. This sharp decline has raised concerns in the market, particularly among those with over-leveraged positions, as consecutive liquidations further amplify the market's fragility.
In terms of altcoins, we can focus on strong coins; every significant drop is an opportunity to increase positions.
A pullback is an opportunity; buying the dip in the following 4 altcoins could yield a 100x increase in the future!
1. PEPE
PEPE has made waves on the leaderboard, solidifying its position as a leading meme coin. According to CoinMarketCap data, its price surged an astonishing 27.97% over the past week. Furthermore, PEPE's market capitalization has climbed to $10.91 billion, reflecting growing investor interest and confidence.
Still optimistic about PEPE's potential, pointing out positive technical indicators and market sentiment. According to TradingView, PEPE's trading price is above its 10-day EMA of $0.0000092 and 30-day EMA of $0.0000093, indicating strong upward momentum. Additionally, the momentum indicator firmly places PEPE in the buy zone, suggesting that its bullish trend may continue. With the token approaching previous resistance levels, many investors are optimistic about a potential breakout.
PEPE has steadily risen over the past week, currently priced at $0.00002325, having increased 2.93% in just one day. However, its trading range highlights some volatility, with a daily low of $0.00002455 and a high of $0.00002463.
In addition, PEPE's whale activity has seen significant growth, with over 244 transactions exceeding $100,000. The increase in high-value transactions corresponds with PEPE's price surge, indicating rising interest from large investors. Additionally, the increase in trading volume may attract more attention, potentially intensifying investment and market volatility.
2. AVAX
The trading price of Avalanche (AVAX) is between $39.79 and $49.22, showing impressive growth over the past month with a price increase of over 112%. The recent resistance level is at $53; breaking through this level could drive AVAX towards the next target of $62.72. The RSI is at 45.77, indicating that the token is not overbought and still has room to rise. Although the MACD has slightly declined, the overall trend suggests bullish potential. As the altcoin season approaches, AVAX may experience significant increases, potentially surpassing the upcoming resistance level. Investors are optimistic that AVAX will maintain its momentum and reach new highs.
3. SHIB
The price of Shiba Inu has fallen from this month's high of $0.000033 to $0.000030. On the positive side, the amount of Shiba Inu being burned is increasing, with millions of coins disappearing from circulation. Additionally, as the 200-day and 50-day moving averages cross each other, the coin is forming a golden cross pattern.
The token has also formed a cup and handle pattern, with its upper edge at $0.00004552, marking this year's highest price so far. This pattern suggests that SHIB still has greater upside potential in 2025, possibly rising to an all-time high of $0.0000883.
4. DOT
Polkadot's price has surged over 160% in the past month, demonstrating strong upward momentum. It is currently trading between $8 and $10, with further upside potential. The recent resistance level is slightly above $10; breaking through this resistance could push the price above $12. The RSI is near neutral, indicating potential for more buying pressure. With moving averages around $10, the upward movement may align with a bullish trend. As the altcoin season approaches, Polkadot could experience significant increases, potentially exceeding previous highs.
Additionally, Polkadot has recently launched peaq, a Layer-1 blockchain protected by its ecosystem. Peaq focuses on real-world applications, supporting over 50 DePIN projects across 21 industries and 3 million IoT devices. Partnerships with large enterprises such as Mastercard, Bosch, Lufthansa, and Deutsche Telekom further highlight its potential.