In recent days of market fluctuations, I feel that the situation is manageable, and the downtrend seems to have been curbed. Based on my observations, although market sentiment has slightly recovered, data suggests that the likelihood of a price surge in the short term is low. Bitcoin (BTC) is expected to fluctuate between $94,500 and $99,800. Although the increase is not significant, trading volume has not kept pace, making it unwise to hastily predict the arrival of a bull market.
As for BNB, I expect it to continue fluctuating between $685 and $730. The results of yesterday's 63rd airdrop BIO just came out, and the price is roughly in line with previous predictions for BIO, around $0.8, even briefly breaking through to $1.477, which is a nice gain. Let's maintain a content mindset! Additionally, the MEGADROP event is about to launch, and rewards will be available through task completion or regular BNB collection, so interested friends can keep an eye out.
Finally, regarding Ethereum (ETH), it is performing relatively strong, expected to fluctuate between $3,400 and $3,700.
Returning to today's daily $BTC technical analysis: From the candlestick chart, the 1-hour level shows a downtrend, the 4-hour level shows an uptrend (consolidation or downtrend), the 12-hour level shows an uptrend, and the daily level shows an uptrend, with an imminent resistance level of $99,800 and a support level of $95,200.
The top 3 potential altcoins to watch are expected to surge 10-20 times.
SOL
SHIB
Shiba Inu holds an important position in the cryptocurrency market, often seen as a rival to Dogecoin. Initially launched as a meme coin, it has now evolved into a multifaceted project, including ShibaSwap, its decentralized exchange, and the Shiba Inu Rescue Association, among other initiatives. SHIB is community-driven, with its appeal resting on community involvement and liquidity potential.
Recently, Shiba Inu made headlines for adopting Chainlink's CCIP, a technology that enables secure cross-chain interoperability. This innovation allows users to purchase virtual land using ETH or SHIB on Ethereum and ShibariumNet, potentially enhancing its metaverse ambitions. This development aligns with SHIB's efforts to transcend its meme coin status and enhance its utility, positively affecting investor sentiment.
In the short term, SHIB has seen a mild increase of 2.01% in the past 24 hours, and a rise of 3% over the past week. However, it has fallen by 25.8% compared to last month, indicating some volatility. Its relative strength index (RSI) is currently at 41.02, indicating a neutral market position. Despite recent fluctuations, SHIB's liquidity is relatively high, with a trading volume to market cap ratio of 0.0568.
In the long term, Shiba Inu's trading price is 9.37% higher than its 200-day simple moving average, reflecting healthy growth. Over the past year, SHIB has surged by 134%, outperforming 73% of the top 100 cryptocurrencies. This positions it as a strong contender in the meme coin space with growth potential.
TON
Toncoin (TON) has stirred waves with its innovative sharding technology, achieving ultra-fast and scalable transactions. Additionally, it integrates global payments, further making Toncoin a standout altcoin in the bull market.
Currently, the price of TON is $5.77 and is supported by the Telegram ecosystem, which has 5 million daily active users, with expectations to reach $10 by 2025. The cryptocurrency community is also optimistic about Toncoin's rebound, with X enthusiasts celebrating its significant gains and predicting larger milestones, such as $16.65 by 2025 and $35 by 2030.
