When will the cryptocurrency bull market begin?

The overall market trend is in a range of fluctuations, breaking through 67,000 at the high point, and then fluctuating back, stepping back to around 65,000 in the early morning and then rebounding slightly above 66,500. The trend shows that the bulls are strong. The market sentiment is not a big problem. The bull market will retreat repeatedly. The bulls and bears may have to play a game to digest the selling pressure before the bull market will start.

Does the surge in Ethereum indicate that a big bull market is coming?

At present, the trend of Ethereum in the early stage is relatively weaker than that of Bitcoin. The overall trend is still relatively weak, but the short-term trend of small-scale is stronger than that of Bitcoin. Because the Ethereum spot ETF in Hong Kong will be opened next, the influx of funds will trigger a rebound in Ethereum. In addition, the hype of the approval of the Ethereum spot ETF in the United States will also prompt funds to flow into Ethereum. In addition to paying attention to Ethereum, we can also pay attention to Ethereum's related tokens. It will be too late to pay attention after the bull market begins. Discuss together

When will the copycat market come?

At present, you can add a little bit at a time, or wait patiently until the United States starts to cut interest rates. Because there is no big boost from the Fed's interest rate cut, a large amount of new funds have been slow to enter the market, and it is difficult for the market to continue to set new highs in the short term, especially for altcoins, which are even more difficult to usher in a collective surge without the promotion of a large amount of new funds.

The main dealers are currently absorbing funds at low prices, waiting for the best opportunity to pull up the market several times, and then sell them in batches at high prices, fleeing with profits, harvesting ordinary retail investors. Although the Federal Reserve is likely to postpone the interest rate cut, it will still cut interest rates in the second half of this year, and before the US presidential election in November. What we have to do now is to hoard coins, and then wait, wait for the Federal Reserve to cut interest rates, wait for the main dealers to pull up the market several times, and finally we quietly sell them at high prices and flee with profits, making a lot of money from them.

Recommend 3 cryptocurrencies with 100x potential!

1. THERE IS

Cardano (ADA) is an open-source "Proof of Stake (PoS) blockchain network" based on multiple design components, including a dApp development platform, a multi-asset enabled ledger, and verifiable smart contracts. Cardano (ADA), the tenth largest cryptocurrency by market cap, has been a roller coaster ride for investors in recent months. After a sharp price drop in March, ADA's price has seen a slight increase, leaving analysts divided on its future trajectory.

Hopeful investors are clinging to familiar chart patterns. According to crypto data analysis, ADA’s price action appears to mirror its 2020 move. Back then, an “Adam and Eve” double bottom pattern preceded a sharp price rally. If history repeats itself, a breakout above this pattern could lead ADA back to new all-time highs this year.

Technical indicators frequently used to gauge market sentiment appear to paint a bullish picture for Cardano. Both the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF) are trending upward, suggesting that prices could rise. The outlook for Cardano remains uncertain. Despite bull potential based on historical patterns and bullish technical indicators, a decline in network activity raises questions about its long-term sustainability.

Further developments within the Cardano ecosystem, such as the successful launch of smart contracts or the increased adoption of decentralized applications (dApps) built on the Cardano blockchain, could have a significant impact on its price. Additionally, the overall performance of the broader cryptocurrency market will also play a role in determining the future trajectory of ADA.

According to price analysis on Coinidol.com, the negative momentum broke below the moving averages and retested them before continuing lower. The bears broke the critical support of $100 and traded as low as $85. The bulls then bought on the dips and pulled the price back above the critical support.

2. QNT

Quant is a London-based blockchain technology company that aims to enable universal interoperability between blockchains through its blockchain operating system Overledger OS. The main product Overledger is an API gateway that abstracts the underlying permissioned and permissionless blockchains through a single gateway. The Overledger Network is a community network for hosting remote connector gateways that process Overledger transactions.

QNT is now trading above the critical support level but below the moving average. The moving average and the $122 resistance level are currently limiting the upside. If the buyers hold the price above $122, the positive momentum for QNT will resume. As of the time of writing, the exchange rate between QNT and the US dollar is $116.56.

On the 4-hour chart, the price bars remain stable above the moving averages. The price bars are characterized by a doji candlestick, which makes the price fluctuate slowly. The moving averages declined horizontally and then resumed the downward movement. After the recent rebound, the price of QNT is currently consolidating above the critical support level of $100. On the 4-hour chart, the altcoin is consolidating in a narrow range between $100 and $120. When the price of the crypto recovers, the uptrend will resume.

3. OK

Ondo Finance is a decentralized finance (DeFi) platform focused on organizing real-world assets (RWA). It tokenizes real-world assets such as U.S. Treasuries, bonds, and stocks on the blockchain, allowing investors around the world to invest in these financial products indirectly through blockchain infrastructure. In other words, Ondo uses the power of blockchain technology to build an investment infrastructure system that is transparent, efficient, and available to institutional clients. It lowers the threshold for ordinary investors to enter financial products.

Ondo (ONDO) is currently trading between $0.64 and $1.03. ONDO has lost 9.81% in value over the past week, but has gained 10.08% in the last month. The coin has experienced significant gains over the past six months, with the price increasing by 2614.20%. ONDO’s price action has been diverse and has recently been trending towards a correction from recent highs.

For ONDO, we can see that it is below the first significant challenge at $1.24, with a safety net at $0.47. If sentiment continues to move higher, the next test point will occur at $1.62.

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