In terms of operation, it is right to buy again below 60,000 points in the early stage, or wait for the lower point. The next wave delivery point is around 64,000 points. The long-term holding point is to continue to patiently wait for the opportunity of the lower point, or wait for the establishment of the reversal signal. There is no conflict between the points. The intervention of the lowest point range and the tracking after the breakthrough reversal are both very conservative forms of long-term strategy.
According to data, yesterday the Bitcoin spot ETF had a net outflow of 120 million US dollars, and the Ethereum spot ETF had a net inflow of 3.06 million US dollars. The short-term reference value of this data is not significant.
In terms of the market cycle, if the adjustment after Bitcoin halving continues for another half a month, it will have created a historical record of 300 days of adjustment after halving without a new bull market. One of the historical records created this year is that it reached a new high before halving, of course, all this is due to the approval of Bitcoin ETF.
There is no clear conclusion on whether ETF is good or bad for the crypto market. In my opinion, it is definitely bad in the long run. The essence of web3 is decentralization. Excessive involvement of centralized entities is not a bad thing in itself, but excessive control by centralized entities is directly opposed to the bottom of the market.
We are experiencing a bull market without any historical reference. It is unknown where this bull market will end, and it is unknown when the highlight of this bull market will begin. The logic of the 12-year bull market cycle has undoubtedly been broken, and the hellish experience has truly become everyone's reality.
As for the future, this circle is generally optimistic. Look at Big A, when the wind comes, it is just a matter of a moment, and we are always full of expectations.
The big market is coming, focus on ambush these 4 mainstream altcoins and explode 100 times!
1. PYTH
Pyth Network (PYTH) is showing signs of a positive turnaround with a rebound from the critical support of $5. The breakout pattern suggests that a rebound is likely with the support of the local trendline. The RSI is also rising from the mid-range, suggesting that momentum is building. If this recovery continues, the next target would be the 200-day EMA. As per the Fibonacci levels, the price could reach $0.50 and could surge to $0.67 depending on the market conditions.
Pyth Network recently achieved the highest total transaction value (TTV) in the oracle space, demonstrating its strong performance. The network also launched its EIGEN/USD price feed, which is now available on more than 75 blockchains. The $EIGEN token, which is tied to the eigenlayer protocol on Ethereum, plays a key role in enabling re-collateralization within the network.
Currently, PYTH is showing neutral momentum in its RSI and stochastics, suggesting that the coin is preparing for its next move. If momentum picks up, PYTH could surge 35% to $0.40, which would represent a potential recovery for strategic investors.
Pyth Network is a major player in the decentralized finance (DeFi) space, providing real-time market data to blockchain platforms. This data is essential for the smooth operation of smart contracts and DeFi applications. It stands out for its decentralized Oracle system, which provides data directly from financial institutions and exchanges. Pyth updates every 300-400 milliseconds, ensuring that financial operations remain efficient and without delays.
2.SEI
Sei (SEI) is currently trading between $0.38 and $0.50 and is close to its support level of $0.32 after rising 3.5% in the past week. In the past month, SEI has risen strongly by 49.61%, showing good growth potential. The next resistance levels to watch out for are $0.56 and $0.69. If SEI breaks above these resistance levels, it could bring about a massive uptick that could push the price up to 38% of the current range.
SEI has been on a strong run for 287 consecutive days, and now the altcoin is showing signs of a possible breakout. It has consolidated above the 0.236 Fibonacci level, which is a critical support point. Investors are eager to see if SEI can break out of its long-term accumulation phase and move up strongly.
SEI has stabilized above the 0.236 Fibonacci Retracement level, which is a good sign that investors are holding steady. If SEI can break above this level, stronger upward momentum could occur. SEI has also formed a bullish flag pattern, which is often a sign of an impending breakout. If SEI breaks above the current resistance level, it could trigger the next big rally.
While nothing is certain, SEI appears ready for a bigger move. The completed Adam and Eve pattern combined with the bullish flag shows growing strength. If SEI breaks out of its accumulation zone, we could see a surge in price. However, investors should keep an eye on the market for confirmation of this upside move beyond the current accumulation zone.
3.GALA
Gala enables developers to create custom tokens, smart contracts, and node networks. It also allows them to seamlessly bridge tokens between blockchains such as Ethereum and Binance Smart Chain. Its ecosystem thrives on an independent node network, incentivizing active community participation.
GalaChain is a layer 1 blockchain that serves as the foundation for its Web3 ecosystem. It initially focuses on the entertainment side of Gala - Gala Games, Gala Music, and Gala Movies - aiming to empower users around the world. GalaChain aspires to be the first blockchain to reach 1 billion users. It also provides tools such as SDK and Creator Portal for developers to integrate Web3 into their communities.
CertiK has ranked Gala as one of the most secure altcoins in the world. Using the Gnosis Multi-Sig Safe ensures operational security through collective oversight. Gala also partners with leading institutions to maintain governance and compliance.
Currently, Gala is priced at $0.021 and has grown in value by more than 1,000% since its inception. Trading activity has increased by 2.3% over the past 24 hours, with the token trading well above its 200-day SMA.
Gala’s 14-day RSI is 44.39, still in neutral territory. Its bullish momentum is evident, with 15 of the past 30 days trending upward, reflecting a 50% positivity. Gala’s 30-day volatility is 8%, with strong liquidity, showing signs of stability and continued growth.
4.BONK
Bonk’s claim to fame is that it is the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has experienced a strong upswing, with significant gains in the first quarter. Currently, Bonk is trading at around $0.00002078. It is believed that its unique concept could push it to the $0.001 mark by the end of 2024.
There is optimism about Bonk’s ability to maintain its strong issuance momentum. The token’s price trend reflects its resilience, with steady growth sparking speculation that it could reach $0.01 in the near future. It is trading 3.7% higher than yesterday.
The growing popularity of meme tokens continues to boost Bonk’s value. Bonk is built on the Solana blockchain, known for its scalability and speed, attracting investors looking for a faster, more cost-effective alternative to Ethereum’s meme tokens.
Currently, Bonk is trading 10,825% higher than it was at this time last year. The token is taking advantage of bullish sentiment with a Fear & Greed Index of 70, indicating greed. Bonk has maintained a positive trend with 26 of the past 30 days showing an upward trend. The token is trading above its 200-day SMA with a Relative Strength Index (RSI) of 60, indicating strong bullish momentum.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
