Good news! Brothers, stop cursing, the second one has risen, surging over 300 in just one day, with an increase of over 10%. The cryptocurrency market is truly a magical place; one moment you're thinking about why Bitcoin is nearing six figures while Ethereum is still at 3,000, and the next moment it surges, with a strong green bar breaking through this week's fluctuation range, reaching above 3,300, and Bitcoin also continues to lead, directly achieving a 5% increase.
As of now, Bitcoin has broken a new high of 99,000 at 3 AM, and it looks like breaking 100,000 this month is not a problem. As I mentioned yesterday, the second one is a decisive buy below 3,000; it hit a low of 3,029 yesterday, and then came this strong green bar.
Let me share my latest thoughts on Ethereum (the second one).
The first one is the previously mentioned Ethereum ETF staking. If it can pass, it would be absolutely beneficial for ETH.
Secondly, the second one is still the king of all chains; it represents the entire technical application of the cryptocurrency market. The first one is the largest cornerstone of the industry. As long as it stands there, our cryptocurrency market will not collapse. The role of the second one is to expand territory. Still, that saying goes: just because it doesn’t work temporarily doesn’t mean it will never work. When it does, it will be astonishing, especially when Bitcoin is stable at high levels, the second one responds to the market's criticism with a strong green bar.
Returning to today's $BTC market analysis: From the K-line perspective, the 1-hour level is weakening, the 4-hour level is slightly bullish, and the 12-hour level is bullish. The daily level is bullish. The intraday resistance level is 100,000, and the support level is $95,700. Note!!! Today's Fear and Greed Index is 94.
4 cryptocurrencies that may yield 100x returns!
OP
Optimism (OP) is currently priced at $2.08, having risen by 19.58% in the last 24 hours. This price increase has brought its market cap to $2.59 billion, with a trading volume of $857.19 million. The Fully Diluted Valuation (FDV) is $8.85 billion, with a total supply of 4.29 billion OP, which is the maximum supply.
In the past year, Optimism has risen by 22%, currently trading 30.09% above its 200-day Simple Moving Average (SMA) of $1.60. This indicates relatively strong market performance.
In November 2024, forecasts indicate that the price may rise to $3.39. The price that month could range between $1.70 and $5.85. If these predictions come true, investors could see a potential return of 178.23% based on the current price. Entering December 2024, the price of Optimism is expected to range between $5.73 and $8.15. The monthly average price could reach $7.12, suggesting a potential return on investment of 287.51%.
DOGE
The recent price trend of Dogecoin is mixed. Over the past week, its price has changed by -4.13%. However, in the last month, its price has surged by 164.42%. Over the past six months, its price has increased by 135.59%. This indicates significant price growth in the medium to long term.
Currently, DOGE's trading price is between $0.28 and $0.45. The recent resistance level is $0.53. If this resistance is broken, the next target may be $0.69. This implies potential gains of about 20% to 50%. On the downside, the recent support level is at $0.19. Falling below this support could lead to a drop to the second support level of $0.0263.
The 10-day and 100-day simple moving averages are $0.39 and $0.38 respectively. This close consistency indicates that short-term and long-term trends are aligning. The Relative Strength Index (RSI) is at 38.86, close to the oversold threshold. This may indicate a potential upward trend. The MACD level is -0.0000649, suggesting mild bearish momentum. Overall, if DOGE can break through key resistance levels, its recent performance will show growth potential.
SUI
In the past six months, Sui has surged by 237.71%, attracting investors' attention. In the past month, its value has increased by 70.48%, and last week it rose by 12.71%. These sustained upward trends suggest that if the current situation continues, bullish momentum may persist.
The current trading price is between $3.09 and $3.90, approaching its recent resistance level of $4.23. Breaking through this could pave the way to the second resistance level of $4.75. However, if the price fails to hold, it may test support levels of $2.40 or $1.28. The 10-day and 100-day simple moving averages are about $3.72, indicating stable trends.
Technical indicators show mixed signals. The Relative Strength Index (RSI) is 39.86, indicating that SUI is not overbought and still has room for growth. The Stochastic Oscillator is at 28.75, which may suggest a potential trend reversal. The MACD level is -0.0173, indicating mild bearish sentiment.
Considering these factors, SUI may consolidate in the short term, but if it breaks through key resistance levels, it could rise. Traders should pay attention to movements above $4.63, which may signal further increases.
MKR
Maker (MKR) is currently valued at 1,540.14, having risen by 2.05% in the last 24 hours. Over the past year, its price has increased by 5%.
The forecast for November shows that the price may rise, expected to reach 2,359. The expected trading range this month is between 1,472.47 and 2,759.40. This range may be influenced by last month's market performance. If the price reaches the upper end of the range, investors could see up to 79.18% returns. This assumes they buy at the current price and sell at the predicted peak.
By December, the trading price of the token is expected to fluctuate within a larger range of 2,610.72 to 4,098.78. Analysts predict that by the end of this year, the average price will reach 3,561.04. Compared to the current value, this would represent an increase of approximately 131.23%. For those entering the market now, if the prediction holds, this could mean a potential return on investment (ROI) of up to 166.15%.
The cryptocurrency market has always been a process of survival of the fittest! To avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, society will have 100 ways to harvest you!! Until your understanding and wealth match each other.
Waiting for a bull market is the most agonizing!
But if you wait for it, you will know what it means to go from bitterness to sweetness; everyone must not exit the market, the tough days are about to end, and a frenzied bull market is coming!
