The market is currently building momentum; consolidation may not be a bad thing, as it is the calm before the storm. Bitcoin has been fluctuating between 96,000 and 100,000 these days, not moving much. A 5% fluctuation in the crypto space is very normal. Right now, the bulls and bears are in a tug of war, and neither wants to give in easily. There is plenty of good news, and market confidence is quite stable, likely establishing a base after the last surge.
Bitcoin is likely to bounce around this price range in the short term. But keep an eye out, before the wise king takes the throne, the market might suddenly brake, washing out the last remaining weak hands.
$BNB is estimated to hover between 680 and 740, also waiting for big brother Bitcoin to give a direction. Next, the bears are estimated to not be so impatient, let's be patient, the best is yet to come.
$ETH is currently on a strong upward trend, moving steadily within the range of 3,500 to 3,800. It has a strong momentum; if Bitcoin consolidates, Ethereum may still be able to run its own market.
Back to today's daily $BTC technical analysis: From the K-line perspective, the 1-hour level is bullish, the 4-hour level is bullish, the 12-hour level is bullish, the daily level is bullish, with intraday resistance at 101,200 and support at 96,100.
The 4 cryptocurrencies that are most worth paying attention to in the great bull market explosion, which may explode 100 times!!
Dogecoin ($DOGE): The original meme coin.
Due to its active community and ongoing mainstream adoption, Dogecoin remains a popular choice among cryptocurrency enthusiasts. With continuous mentions by celebrities like Elon Musk and the emergence of new use cases, Dogecoin has maintained its relevance in the cryptocurrency market. Why pay attention?
As Trump won the election, Elon Musk became a close friend of his and has been promoting Dogecoin. There are rumors that $DOGE will become the official payment method on platform X (Twitter), which could create a favorable environment for crypto due to Trump's influence. Despite its interesting origins, $DOGE remains a strong competitor in the altcoin market. Its accessibility and active development make it a strong choice for those seeking low-cost investments.
Shiba Inu ($SHIB): The 'Dogecoin killer'.
As a strong competitor to Dogecoin, Shiba Inu has stirred up the cryptocurrency space. $SHIB has a robust ecosystem, including ShibaSwap, NFTs, and its evolving Shibarium blockchain; it is more than just a meme coin. The project's commitment to community and innovation makes it a focal point of attention. Why pay attention?
With Shiba Inu launching its own network and maintaining one of the largest hype in the meme coin world since 2021, $SHIB continues to make waves. Its strong community and ongoing development keep it at the forefront of the meme coin space, providing huge growth potential.
Bonk ($BONK): The top meme token of Solana.
$BONK has become the leading meme coin on the Solana blockchain, known for its scalability and lightning-fast transaction speed. With Solana's market cap exceeding $100 billion, $BONK is well-positioned to capture a significant portion of this ecosystem. Why pay attention?
If $BONK only accounts for 10% of Solana's market cap, its market cap could potentially grow 5 times from its current level. As the Solana ecosystem expands, $BONK has the potential to become a dominant player in the meme coin category.
Brett ($BRETT): A new coin with grand dreams.
Brett ($BRETT) is a newer cryptocurrency that is gaining attention. It is often referred to as 'Pepe's best friend' and is one of the top meme coins on the Base chain. Brett has an interesting and relevant brand that attracts the meme-loving crypto crowd. Why watch?
If the Base chain continues to grow and attract more users, interest in Brett could skyrocket. As more people use the Base chain, Brett's popularity and value could significantly increase, making it a strong contender for $1.
The crypto world has always been a process of survival of the fittest! If you want to avoid being eliminated, you must make changes!
Every penny you earn is a manifestation of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways for this society to harvest you!!
Until your understanding and wealth match each other. Waiting for a bull market is the most exhausting!
But when it finally arrives, you'll know what it means to have gone through hardships to enjoy the rewards. Everyone must not leave the market; the hard days are about to end, and a raging bull market is coming!
If you've been stumbling around in the crypto world without finding direction! Or if you've been losing money! You can follow me.
