Last night, the market was in turmoil again, with more than 150,000 people facing liquidation.
As I mentioned before, for investors who were liquidated the night before, they were eager to recover their losses, and the main funds once again played the role of "assistant". When I woke up, the focus of people's discussion had turned to the situation in the Middle East, but in fact, the decline of the main force only needed a fuse, not a real reason.
The turmoil in the crypto market continued, the price of altcoins was halved in one day, and the price of Bitcoin plummeted by $12,000 in less than two days. A one-minute sharp drop can wipe out a month's gain. This situation is worrying.
However, in this wave of market fluctuations, we can also find some investment targets that have been mistakenly killed, which are worth paying attention to:
As a blockchain platform built specifically for the gaming industry, XAI's latest staking mechanism is really eye-catching. The core of this mechanism lies in its dual control of security and participation.
First, XAI restricts the creation of staking pools to Sentry Key holders who have passed KYC certification. This move not only improves the security of the project, but also brings a sense of reliability to investors. After all, safety first is the premise for attracting big funds.
Secondly, the new staking mechanism gives mining pool owners more configuration rights. They can name the mining pool, provide descriptions, set reward distribution, etc. This customized design not only provides the project party with opportunities for publicity and drainage, but also attracts more participants. By issuing third-party airdrops to pledgers, it attracts more investors' attention and increases the popularity and participation of the project.
The project has just launched V2 staking and has ambitious plans, but it has been affected by the sharp decline in the market, from 1.1 to 0.5445, directly cut in half. At this time, you can consider buying low and adding positions in batches.
So where is the opportunity for XAI?
① At present, the 1-hour/2-hour/4-hour charts show signs of bottom divergence, but it is not obvious enough and needs to be observed for a while. The daily chart is not yet fully in place, and there is still a need for consolidation. Therefore, it is necessary to observe whether the market will build a bottom through shock consolidation, or whether it will re-step on the key support level of 0.53 or even below 0.53 to establish the bottom of the daily level.In the long run, it takes time to confirm.
② The key support level is 0.53, and the pressure level is 0.955/1.215/1.4/1.6. After the adjustment is completed, the final target can be set above 1.6.
③ If this coin can fall back to the long-term support level, it will inevitably bring excess profits. Spot can adopt a batch strategy, but it is recommended to layout only one in the chain game sector, and it is not recommended to layout all in the chain game.
The short-term key point is at the 0.53 line, which can be used as a basis for judging short-term strength and weakness. If it can be supported, you can consider establishing a bottom position, otherwise patiently wait for the emergence of long-term support levels.
