The weekly line closes in the morning, with a not long upper shadow, indicating limited selling pressure above. After two consecutive weeks of big gains, there is a demand for a pullback to accumulate strength. Those looking to stealthily enter the altcoin market should continue to pay attention to the retracement opportunities around 8.7-8.6W. The rise does not happen overnight, but pullbacks often come more quickly, especially in a bull market where sharp declines are common. Therefore, during the upcoming pullback process, do not panic.
Ether is still relatively weak compared to Bitcoin, still following Bitcoin for low entries. Ether's current weakness is partly due to L2 projects siphoning off some funds, and several projects like SOL, TON, and SUI have also attracted a lot of capital. The market is limited; most of the incremental funds are still directed towards Bitcoin. However, currently, ETFs only include Bitcoin and Ether, so the subsequent rally of Ether is relatively certain!
Bitcoin has risen from the bottom without a significant correction. While there is a probability of going directly to 100,000, it's not large. In contrast, a pullback to accumulate strength might allow for a further and healthier rise! However, we indeed do not like pullbacks, especially since altcoins haven't really surged yet.
Expectations for a trend change are still focused on the evening. During the day, there might be some local opportunities, but they are limited in sustainability, so it's better to wait for certain low-entry stealth opportunities!
Not making money in a bull market is equivalent to losing money because when the bear market comes, no one can escape the pain.
Let's recap the main thread of this bull market; the most obvious is still the MEME ecosystem. Today, the MEME's Banana rose as Musk mentioned Banana again on Twitter.
Musk retweeted a photo of John Kraus, the content director of Polaris (a private space exploration program supported by SpaceX), holding a giant banana in front of the SpaceX Starship. This quickly sparked a rapid response from the crypto community, with many comments tagging BANANA and $AN, leading to a price surge for both tokens.
Since Musk's retweet, BAN has surged from about $0.2 to $0.2508, a gain of 25.4%, approaching the historical high of $0.292 set 14 days ago. As of the time of writing, it is reported at $0.2236, having soared over 40% in the last 24 hours, with a market cap of $218 million.
Banana is a new meme project based on the Solana chain, currently valued at only 30 million, far below meme leaders like Doge and Pnut. If it successfully boards a SpaceX rocket into space, Banana could become a representative symbol of the combination of meme culture and space exploration.
The value of memes lies in attention, and the world's largest source of attention is Musk. Just as he propelled the rise of Doge and Shib, Banana's potential is also worth noting.
So, is there anything else worth paying attention to?
Here are two altcoins that I believe could explode by 20-100 times, worth stealthily entering during the bull market!
BOME
Don't be fooled by its current market cap of only $650 million; its trading volume is as high as $350 million, with a turnover rate of 51%! This indicates that it is very active in the market. Currently, the operators are steadily holding around $0.008, both protecting the price and accumulating. As long as it can establish a foothold here and break through, it will be like breaking free from shackles, significantly reducing selling pressure, and the price will inevitably rise steadily.
GOAT
GOAT has made headlines with an astonishing 64.12% increase over the past week. Since October, this outstanding meme token has been steadily climbing. To maintain this momentum, it needs to hold the support level at $0.940. If it falls below this level, the price could drop to $0.666, potentially ending its bull market.
Additionally, GOAT has attracted the attention of well-known figures like Arthur Hayes and cryptocurrency whales. Last month, a whale withdrew 14,409 Solana tokens from Binance and used those funds to purchase $1.72 million worth of GOAT tokens at an average price of $0.383. This level of investment indicates growing interest in GOAT.
As of the time of writing, GOAT has a market cap of $1.18 billion and a trading volume of $488.35 million. Santiment's on-chain data highlights its growing popularity among social media and traders. GOAT has risen by 308.92% in the past month, becoming a topic of interest for investors who want to know if it can surpass meme coin giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
