Bitcoin is currently fluctuating and consolidating at 58,000. Last night's sideways trading has brought the market's long and short forces to a balance. Surprisingly, as Bitcoin "rested", many altcoins took the opportunity to soar, and some even soared by several points!
If Bitcoin continues to trade sideways, it will bring more performance opportunities to altcoins. Bitcoin does not need to rise sharply in the future, as long as it can maintain the support of 57,000, it will be an excellent signal!
Currently, Bitcoin is fluctuating at a high level. Although there is a risk of a short-term correction, the overall trend is still bullish. In terms of operation, it is recommended to chase the rise with caution, manage positions reasonably and control risks.
Wait for a pullback to the key support level before placing long orders. If the price lacks upward momentum, you can also consider a high-level short-selling strategy.
Since its high point in March, Bitcoin has been adjusted for nearly six months, and the market value of most altcoins has bottomed out. Today, the proportion of large and retail investors cutting losses in the market has dropped to a new low.
Some altcoins are quietly pulling up their prices. This round of adjustments seems to be coming to an end, and the opportunity for an explosion may not be far away!
The copycat market is unique! Several coins with 10x potential are worth paying attention to!
RATS
From the daily level, the price of this currency is fluctuating in a low triangle area. The upper edge of the triangle area is the key pressure line, and the lower edge is the strong support line. As the price fluctuates, the currency price is getting closer and closer to the apex of the triangle, and the market is about to change!
Two possible trends are gradually emerging: one is to break through the pressure line and then fall back to accumulate strength before breaking out again; the other is to fall back to the support line and then rebound.
No matter which path you take, this currency has strong upside potential! The opportunity is right in front of you, don’t miss it!
GHOST
Aave is rising strongly, not only thanks to the overall market recovery, but also due to strong fundamental support. Aave DAO recently proposed to incorporate Coinbase's new Bitcoin wrapper cbBTC into its v3 protocol, which will greatly increase the liquidity and user participation of the DeFi ecosystem.
In addition, Aave has successfully deployed the Ether.fi market and is about to launch Ethena's v3 market, further consolidating its influence in the DeFi field. These positive factors have driven the continued rise in Aave prices.
The current price of Aave fluctuates around $150, and the recent increase has exceeded 10%. If the market recovery momentum continues, especially against the backdrop of Bitcoin's continued rebound, Aave may have greater room for growth!
SUN
As an open source blockchain project, Solana is rapidly emerging in the DeFi world. Its unique dual consensus mechanism combines Proof of History (PoH) with Proof of Stake (PoS), bringing unprecedented efficient transaction processing capabilities.
PoH innovation not only improves the throughput of the network, but also ensures uncompromising security. The latest data shows that Solana has reached an important milestone - according to Artemis data, daily active addresses have soared to 5.4 million, demonstrating the strong demand for the network.
Currently, the price of SOL has reached $134.58, up 1.88% in the past 24 hours and up 0.62% in the past week.
Although the price growth is slightly slower than the burst of network activity, the strong liquidity and huge market value still attract the attention of a large number of traders and investors. The future of Solana may exceed your imagination!
PEOPLE
Currently, it presents multiple bottom patterns, indicating that the price has strong buying support, and the potential is huge! Another dark horse in this bull market, with the election approaching, the market is full of opportunities, which is definitely worth seizing, and the profit space should not be underestimated.
Those who have already bought into the market should remain vigilant. After all, MEME concept coins have always been volatile, but for this reason, they are still favored by investors. Judging from historical performance, People is undoubtedly a coin that is strongly controlled and deserves close attention!
