The weekly line is closed. Not bad, they all recovered the key positions. The big cake recovered the 65,000 large cycle central support. The concubine recovered the 3280 central support.
The exchange rate has hit bottom. It looks very weak. But it could start to get violent at any time!
As I said last week, the mainstream altcoins have started to rise. Some have already started to rise. This week, they will line up to pull the market up!
The support of the big cake is 65000, and the support of the concubine is 3280 (the rest of the support refers to the moving average)!
5 cryptocurrencies to buy at the bottom of the bull market are about to bring 100 times the huge potential!
1. Dogecoin (DOGE)
Meme coins are one of the standout categories in the current bull run, attracting a lot of interest from investors in anticipation of gains similar to those seen in 2021. Currently, most meme coins are in the red, but Dogecoin (DOGE) is a standout, doubling its gains from single-digit gains in the past week.
As we head into the new week, DOGE is worth watching as it has the potential to maintain the gains it made over the past week. Notably, these gains have allowed DOGE to surpass its competitors including Shiba Inu ( SHIB )
Notably, these gains came as Dogecoin benefited from its long-term bullish catalysts, especially its association with its outspoken supporter Elon Musk. In this regard, DOGE came to the fore after X Payments, the subsidiary of X (formerly Twitter) responsible for promoting peer-to-peer payments, received three more licenses for money transmitter activities. Therefore, it will be interesting to see how much the coin will rise on X-related news.
At press time, Dogecoin is trading at $0.17, having gained more than 3% in the past 24 hours. Over the past seven days, the coin is up nearly 17%.
2. Solana (SOL)
Solana (SOL), a decentralized finance crypto project, remains one of the success stories of the current market rally, in part due to the memecoins launched on the platform. In fact, the memecoin craze has helped Solana-based decentralized exchanges (DEXs) top the trading volume charts at some point.
During the current rally, Solana’s price encountered a severe rejection near the psychological $200 level and is currently trading nearly 10% below the previous week’s close.
As we head into a new week, Solana’s price trajectory will be worth keeping an eye on. Given the losses recorded over the past week, Solana is likely to see continued bearish sentiment, with investors eyeing possible support levels where buyers may find Solana prices attractive, especially around the $150 level.
Furthermore, if the price of Solana manages to break above the psychological level of $200, there is a high probability that the uptrend will continue. However, if the price of Bitcoin declines, SOL is likely to follow suit.
At press time, Solana is trading at $186, down 11% on the week.
3.BNB
BNB is supported by the largest cryptocurrency exchange and is a household name in the cryptocurrency market. Although investors may not see a low entry point for BNB, the trajectory of the coin over the past few years makes it a viable option to buy on dips. BNB was trading at $200 at the beginning of 2023 and it had risen to $600 before the recent bearish drop.
For investors with liquidity, BNB remains a viable investment option with the potential to reach $1,000 this year. With the price dropping to $530, this could be an opportunity for investors to accumulate on the dip and watch Binance Coin rise significantly in a few months. With strong backers such as the Binan exchange, this could be the best time to invest in BNB before its inevitable surge.
4.OK
ONDO’s price has been surging these days, thanks to BlackRock’s recent announcement. BlackRock’s recent application for the BlackRock USD Institutional Digital Liquidity Fund has created a bullish crypto market. Its partnership with Securitize, a company focused on tokenization, suggests a possible focus on real-world assets (RWAs), which is in line with Ondo Finance’s main service. This development has triggered intense buying, causing ONDO’s value to surge by 60%. As a result, we may see a further surge in ONDO’s price this week, potentially touching the $1 mark.
5. Aidoge
AIDOGE price traded in a closed range between $0.000000000161 and $0.000000000284 for about two weeks before bulls saw a 13.26% increase in valuations. After a period of sideways trading, the bulls regained momentum and managed to break out of the range where it traded sideways for the next few days.
As volatility picked up in the market, the bulls rallied over 88% to reach a high of $0.0000000008810, following which there was a period of sideways trading. Later, the bulls lost momentum and broke below the support level, and the price has been trading in a sideways range since then.
The Moving Average Convergence Divergence (MACD) shows a constant flat line, highlighting weak buying and selling pressure in the market. Moreover, the averages show a neutral trend, indicating that future price movements are unpredictable.
If the market sustains the price above the $0.000000000541 support, the bulls will regain momentum and test its overhead resistance at $0.0000000008810 in the next month. However, a bearish reversal could pull the price towards a low of $0.000000000284.
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