From the historical timeline of the bull market, the market may show the following trends, but the specific trends need to be adjusted according to market dynamics. BTC may continue to rise until late December, with a correction of about 20%, and enter a consolidation period of about one month. Next, the market may start an upward trend, which will be predicted until March to April next year. After the correction, the price will fall back to around 85K, and the new high may reach 150K.
The current market is about to enter an adjustment period, which is expected to take about half a month. After the adjustment, it will rise sharply in Q1 due to macro events such as the election. The adjustment range is from 95K to 80K and from 110K to around 110K, but the overall high point is slightly lower than the strong bull market.
Any bull market may lead to an early end to the market, a delayed high point, and relatively stable market sentiment.
If BTC fails to stop falling after falling below 80K, market sentiment may further deteriorate and the market may enter a bear market.
After breaking below the key support level, it may seek strong support around 55~60K.
Although the probability is low, the performance of some altcoins is slightly weak at present, and we need to pay attention to potential risk signals.
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ABOUT
Sui coin has had a great year, with prices climbing from a low of $0.61 to a high of $3.89, a very impressive increase. This price performance is particularly noteworthy as it has continued to rise after an increase in supply, as an increase in supply usually puts some downward pressure on prices.
This performance is supported by Sui’s strong fundamentals and its potential value in the decentralized ecosystem, particularly in terms of scalability and speed.
As a high-performance blockchain, Sui Coin not only fully embodies the advantages of Web3, but also has the convenient functions of Web2. Its design goal is to support high throughput and provide cost-effective solutions, making it stand out in the highly competitive blockchain industry.
LTC
Litecoin has partnered with Singapore-based cryptocurrency exchange Coinut to launch Wrapped Litecoin (WLTC) on the Ethereum blockchain. This innovative move enables Litecoin holders to access Ethereum's rich ecosystem, including staking, lending, and decentralized applications (dApps). This allows Litecoin users to break through the limitations of the original network and enjoy the diverse features provided by the Ethereum network.
Wrapped Litecoin (WLTC) maintains a 1:1 value peg with Litecoin, ensuring seamless value transfer between the two blockchains. Coinut CEO Wang Xinxi said that this collaboration combines the reliability of the Litecoin network with the extensive services of Ethereum, opening up new usage scenarios for Litecoin users.
From the perspective of market performance, Litecoin has successfully escaped from the long-term consolidation situation and ended the downward trend that lasted for three years. The latest technical chart shows that Litecoin is expected to start a new round of rising market with the support of positive technical indicators and improved market sentiment.
ON
Market optimism for the token is growing due to recent price action and potential growth. After hitting a high of $4.85, the token price has retreated and is currently trading at lower levels, while the token supply has not seen significant changes.
Despite the price drop, the weekly chart’s relative strength index (RSI) is around 44, a level that has previously marked important turning points for the coin. Historical data shows that when the RSI reaches this level, prices usually rebound sharply, which provides the possibility of future gains.
