In the past 24 hours, the cryptocurrency market experienced a massive liquidation storm.
The cause of this turmoil is the drastic fluctuations in Bitcoin's price, especially after it broke the $100,000 mark, leading to forced liquidations of both long and short positions in the market, creating a chain reaction.
As a result, Bitcoin's price briefly dropped to $94,000, Ethereum fell to $3,465, and Solana dropped to $200, while most altcoins lost over 20%.
Currently, the market is undergoing an adjustment period, without continuing last week's upward trend.
But this is a great opportunity for us to reflect and plan. Although the market is a bit turbulent now, it is precisely at this time that we need to adjust our trading strategies and find trading methods that suit ourselves.
Only by staying calm can we avoid missing the upcoming bull market opportunities.
After all, this cryptocurrency market bull run is known as one of the craziest in history, and we have waited three years just for this moment.
So, let us cherish this opportunity and face future challenges and opportunities with a more stable mindset and wiser strategies.
The opportunity to profit from the following altcoins is right in front of us!
1, DOGS
In the past week, DOGS tokens based on the TON Network have shone brightly, with prices rising over 25%, attracting the attention of numerous traders and investors.
This price increase is mainly driven by strong buying interest and optimistic expectations in the market. Currently, the market capitalization of DOGS has risen to $449 million, indicating that there is still greater growth potential.
Unlike those meme coins that rely solely on hype, DOGS stands out due to its practicality and innovative characteristics.
It is closely integrated with the Telegram platform, aiming to reward active and loyal users, enhancing the value of the entire ecosystem.
Moreover, among the total supply of 550 billion DOGS, more than 80% of the tokens are allocated to the community, especially 73% given to the most active members, which fully demonstrates its emphasis on the community.
Currently, the trading price of DOGS is $0.000672, having risen by 25.35% over the past week. This not only proves its increasing practicality but also reflects the investment confidence brought by potential partners.
Technical analysis also shows that DOGS has broken through important resistance levels, laying the foundation for future increases. For investors looking to enter, the support level around $0.0006565 is a point worth paying attention to.
If DOGS can continue to break through resistance levels, it is expected to maintain its upward trend in the short term.
2, ENJ
ENJ coin shows strong buying potential due to its solid technical foundation and the currently favorable market environment.
Its 24-hour Relative Strength Index (RSI) is 64.46, above the market average of 62.13, indicating that its upward trend is still ongoing, and it has not yet reached the overbought warning line of 70, which means ENJ still has further room to rise, making it very attractive in the current market.
Although ENJ's price has slightly decreased by 0.98% in the past 24 hours, this may be a good buying opportunity for investors looking to catch its next wave of increase.
This slight adjustment often heralds the arrival of an upward trend, especially when technical indicators are strong.
Meanwhile, the market oscillation indicators remain stable, with no significant downward pressure. Short-term momentum indicators, including MACD, have issued slight bearish signals but still require ongoing attention.
3, SOL
Although Solana's recent performance has been relatively low-key, an important news is that the Trump administration appointed David Sacks as the 'Czar' of artificial intelligence and cryptocurrency, marking the United States' recognition of the cryptocurrency field and indicating a reduction in the SEC's negative interventions in the cryptocurrency sector.
In addition, the application for SOL's spot ETF is also progressing, with results expected to be revealed as early as the first quarter of 2025, and the probability of approval is very high.
If SOL's ETF application is successful, it is expected that its price will rise significantly, possibly even breaking $1,000. Therefore, SOL is also worth investors' attention.
