Some low-market-cap coins with monitoring tags are surging rapidly!
According to my assessment, the market is currently trading on low volumes, so after the sweeping long and short story is over, it will enter a panic buying (fomo) phase that pushes small-cap currencies to attract those seeking high and quick returns.
It is very common to abandon holding Bitcoin and trade when the market is boring, and abandon holding Bitcoin to buy small-cap coins in the hope of realizing quick profits. Market Makers (MM) always torture us in the accumulation stage, and their ultimate goal is still just to snatch our assets and kick us out of the game as early as possible.
If we do not consciously hold on to the currencies we hold, we may be sucked into this vortex for the sake of a little immediate profit. However, once we are trapped, it will be very difficult to get out of it, and the risk of being delisted from the exchange is also very high.
Reducing risk at this stage and staying calm and holding your coins is the only way to survive and gain a firm foothold when the market enters a bull run.
Bonfida is known as a top infrastructure developer on Solana.
Bonfida offers a suite of products powered by the Serum transaction protocol, with multiple products designed to meet the needs of the Solana blockchain ecosystem. The ecosystem includes the Solana Name Service, which allows users to personalize their wallet addresses. FIDA tokens serve as the ecosystem's mainnet asset, with a significant impact on user experience and governance. A significant portion of FIDA tokens are locked for the long term, creating scarcity and potential appreciation in value.
Since the monthly high of $0.38 on June 7, FIDA has bottomed out on the chart and reached the bottom support of $0.22 on June 21, showing an upward trend in the foreseeable future.
The price retested the resistance lines at $0.30 and $0.33 respectively, corresponding to the “weekly time frame”.
As of now, the daily trading volume is still as high as $8M, and the buy-sell ratio is 79:21, indicating that there may be more upside potential in the future. Technical indicators (oscillators/moving averages) indicate that there are "buy" opportunities on both the daily time frame and the monthly time frame respectively.
Despite slight decline, Celestia outlook remains positive
Celestia (TIA) is a data availability project with a unique focus on simplifying the process of launching a blockchain. The project pioneered the use of blockchain modularity, a design concept that enables specialized blockchains by separating blockchain functionality.
Regarding price performance, TIA has been growing steadily since its launch in October 2023. Celestia (TIA) hit an all-time high of $20 within five months of its debut, but has since stabilized around $6.33. Despite the recent decline, Celestia (TIA) is still more than 200% above its all-time low of $2.08.
The future of Celestia (TIA) depends on the continued growth of the blockchain industry and the increasing emphasis on data availability solutions. As more organizations explore the concept of blockchain modularity, a secure and user-centric approach to data management will become increasingly important. As this happens, bullish investors expect TIA to revisit its January highs.
$SOL vs $TIA
One of the rare coins that has yet to break out of its previous bottom is $VANRY.
The market cap of the Vanar chain is currently around $200 million. Considering the increase in circulating supply, a 20x increase would bring the price to around $3 and a market cap of $4-5 billion. This seems possible, as Vanar is a solid project that continues to improve and secure important partnerships, including with NVIDIA, which recently became the company with the highest market cap.
The Vanar community is one of the most active communities on Crypto Twitter.
The team is very capable and the project’s story is fascinating, including Gaming, AI, and RWA initiatives, as well as the recent launch of the mainnet.
It is showing strength on the chart. Confirming its major support level is near $0.135, demand is quite strong; as long as it holds in this area, my target is $0.5.
$DOGE
Dogecoin (DOGE) is based on the popular “doge” internet meme and features a Shiba Inu on its logo.
It was forked from Litecoin in December 2013. Dogecoin's creators envisioned it as a fun, lighthearted cryptocurrency that would have wider appeal beyond the Bitcoin Core audience since it was based on a dog meme.
Tesla CEO Elon Musk has posted multiple tweets on social media, calling Dogecoin his favorite currency.
Why did it rebound so sharply?
Quite simply, whales are still accumulating in large quantities despite the recent price drop
Looks bullish here and ready for the uptrend to continue, a solid bullish wave is expected in the coming days. Start accumulating $DOGE with a target of $0.5.
