With Bitcoin warming up, whether the altcoin season is coming still needs to be observed. Typically, when Bitcoin stabilizes at a high position and the growth slows, it is an opportunity for mainstream altcoins like Ethereum and Solana. Currently, Bitcoin's rise is mainly driven by institutions, which has forced many short sellers out of the game, and a moderate pullback will provide retail investors with an opportunity to enter.
Next, it is highly likely to be the previous round of mainstream values, such as DeFi and the Ethereum series. Although capital pumping is key, once the oscillation range is broken, believers are not easy to sell off, and prices are expected to rise further. Yesterday, Ethereum led most altcoins to recover their declines, but the overall trend remains weak.
Meme Sector: $DOGE and PEPE are starting to gain momentum, MASK is welcoming short-term opportunities.
XRP: New highs again, up 25%, second exploration market has started.
$ENA: Accumulation range is 0.5-0.47, rebounded back to 0.6 without giving an opportunity, continue to hold.
$FIL: Expected to break through 5 dollars in the near future.
The rise of XRP and ADA will drive a short-term rebound, suitable for positioning.
SHIB: Good shape, similar to an arc bottom, may accelerate upward after breaking the neckline, similar to the previous trend of DOGE.
$BNB: Still brewing a big move, although it hasn't exploded yet, the potential is huge.
It is advisable to continue waiting for a Bitcoin pullback before focusing on the timing of entering altcoins. Chasing high now is not wise; instead, pay close attention to those strong varieties when they pull back. Not all altcoins have the potential to rise; it is a critical moment to seize opportunities and select quality projects.
Let's take a look at several coins with high market popularity:
LTC
As a long-established representative in the crypto world, its growth is comparable to Bitcoin. Although Bitcoin dominates, LTC's potential should not be overlooked. With Grayscale launching the LTC ETF, the future development prospects of LTC are even broader. If the US positions Bitcoin as the core of crypto finance, LTC, Bitcoin, and SOL are likely to become early representatives.
However, if the US continues to maintain hostility towards competitors like Ethereum, it will still take time for LTC and other coins to truly enter the mainstream. Nevertheless, LTC's breakthrough points the way for us, allowing us to continue pursuing wealth and dreams in this ocean of opportunities in digital currency!
ULTI
Last night I also recommended ULTI, which combines blockchain gaming and AI, and recently the popularity of blockchain gaming has been continuously rising, with the AI sector about to explode.
From a technical perspective, $ULTI has formed a golden cross at a low position since the downward trend in August, followed by a significant increase, with an increase approaching double. With the positive news from Nvidia's earnings report, the AI sector is expected to face new impacts, likely further driving up the price of $ULTI.
Currently, $ULTI is at the end of a triangle, with a lower shadow line providing support, making it a very good buying point. Once it breaks above the resistance level of 0.016, it is expected to accelerate to 0.018.
This is the time to consider entering the market, target price 0.018!
BOME: The awkward star meme coin on Binance
Since listing on Binance, Bome has undergone half a year of consolidation, with its market cap only dropping by half, showing relatively stable performance. In contrast, coins like Slerf, Rats, and Sats have seen significant declines. This stability of Bome is beneficial for retail investors but not friendly for whales.
So, why hasn’t Bome dropped significantly? I believe the market cap of Bome when it listed on Binance was 380 million U.S. dollars, and as a popular meme coin, it is hard for its market cap to fall below 300 million U.S. dollars. Similarly, Act currently has a market cap of about 400 million U.S. dollars, indicating limited downside potential.
As for whether there are whales accumulating at the bottom of Bome, there are signs of accumulation, but the volume is small, only five times that of before. Generally, the volume of accumulation at the bottom should be more than ten times that of before, which means retail investors are not massively cutting losses.
Why is Bome currently stagnating? Insufficient washing, unable to go up or down. As a coin on Binance, Bome won't crash easily; if it drops too much, there will be funds rushing to accumulate, making it difficult for whales to buy in easily. Although Bome's potential still exists, its market is relatively heavy.
In comparison, VC coins like Dogs, although not favored by the market, may be easier to pump due to strong liquidity. Dogs' market cap has previously dropped to as low as 260 million U.S. dollars, performing slightly better. Overall, Dogs may outperform Bome.
From the chip structure analysis, Bome is not particularly outstanding, but that does not mean it lacks upward potential in the future. Once large funds enter, Bome could still see a surge.
That's all for today's article. We are currently in a bull market, with many changes happening. We share passwords every day. If you're unsure how to navigate a bull market, feel free to follow us for strategies and passwords for spot trading.
