Early this morning, the Federal Reserve announced a 25BP rate cut. Last night, the Federal Reserve first cut interest rates, but apart from the rate cut, the rest of the Fed's remarks and actions were almost all hawkish.
Looking back at the stronger economy, slower rate cuts, and appreciation of the U.S. dollar, gold, Bitcoin, and the stock market all plummeted. The key is that the closing line is still ugly. This news is neither good nor bad, but it is better than no drop, but it still fell sharply. This was guessed last night and has been sent to the internal group. In fact, as long as it is not a sharp drop, the current drop of a few points is good for the development of the long bull market. After all, some profit-taking plates need to realize profits. If you are still liquidated after a drop of these few points, you really need to think about your trading strategy.
There is no big change in the fundamentals of Bitcoin. Yesterday, the King of Understanding also called for good news. Institutions are also continuing to increase their holdings. It is expected to consolidate around 100,000. In the long run, it will continue to rise. The continuous decline is also without volume. It can be regarded as continuing to consolidate in this range. All the rises must be consolidated before moving to the next step. On this basis, if it can be inserted below 100,000, it can be entered in batches, and it can be received up to 85,000.
Buy the Dip in These 3 Cryptocurrencies That Can Return 100x!
1.ABOUT
SU1, the native cryptocurrency of the first-tier Sui blockchain network, has seen a significant price increase following recent gains. SUI has fallen 4.9% in 24 hours and is trading at $4.11. Its total value locked (TVL) just hit a record $1.835 billion, indicating widespread use of its decentralized finance (DeFi) protocols such as Suilend and NAVI.
The breakout of the double bottom pattern and strong technical indicators support the bullish outlook for SU1. Analysts predict that the currency will break through $5, and the Fibonacci retracement model suggests that the currency may rise further to $6.12, $6.75, and even $7.66. If the positive momentum continues, the currency may reach $10 in a few weeks. Sui's alliances, such as its latest integration with Backpack, have greatly enhanced its ecosystem.
2.THERE IS
Cardano (ADA) is currently in an upward trend. The price has increased by 8.86% in the past week. The increase in the past month is 47.30%. In the long term, ADA has increased by as much as 183.90% in the past six months. These figures show that the interest of investors has increased significantly and is growing.
Based on this data, the price of ADA may continue to rise. The current price range is between $0.94 and $1.22, which is above the 10-day and 100-day simple moving averages ($1.09 and $1.08, respectively). The RSI is 53.92, indicating a neutral condition and room for further price increases.
3.HBAR
Hedera (HBAR) has gained 506% in the past 30 days and has performed quite well in the current market cycle. Currently trading at $0.25, HBAR is showing a positive attitude while remaining above the Ichimoku Cloud. Despite the consolidation, experts expect HBAR to hit the $0.40 resistance level with further upside targets at $0.45 and $0.50.
Hedera’s rapid adoption in enterprise blockchain solutions and DeFi applications supports its bullish thesis. If $500 was invested at $0.39, achieving $0.50 would generate a return of $641. HBAR’s combination of technological prowess and real-world utility makes it an attractive investment for those eager to capitalize on this momentum.
