At present, the overall market has seen the end of the German government's selling pressure, and Mt.Gox has paid more than half of its compensation. The compensation funds have begun to be distributed to retail investors. The last major selling pressure is expected to come in late July. Unlike government behavior, retail investors' collective large-scale selling pressure will not continue. Therefore, this article believes that Bitcoin will continue to strengthen in a bullish pattern in the future. It is worth noting that Bitcoin has become a hot topic in the US election. Trump's clear support will attract a large amount of traffic to Bitcoin, thereby pushing up Bitcoin's surge.

In addition, the Federal Reserve has a dovish stance on the macro level, and the market expects the Fed to cut interest rates in September, which will also provide a favorable macro environment for Bitcoin.

The rise of Bitcoin is also a positive for Ethereum, but with the approval of the Ethereum ETF, Grayscale's ETHE is expected to see short-term profit-taking selling pressure. In addition, the amount of institutional funds flowing into Ethereum before October was relatively limited, which had a relatively limited impact on the rise of Ethereum. With the end of the US election and the upcoming Pectra upgrade, Ethereum's technical strength will attract more and more institutional investors, and its capital inflow will also increase significantly. Ethereum is expected to gradually explode in the fourth quarter.

4 Best Cryptocurrencies That Helped Surge 100x in This Bull Run!

1.ICP

Although ICP has broken above the downtrend line at $9, it is still struggling to conquer the $10 area, where the 100-day and 200-day EMAs are located. Before it breaks above this critical level, significant resistance may hold it back, leading to potential price consolidation.

The RSI curve has hit overbought territory, suggesting a possible decline. But don’t give up on ICP just yet — the trend reversal is still ongoing and new highs have been made. On-chain indicators paint a bullish picture, with a 4% surge in weighted sentiment and a 3% increase in social dominance, suggesting good upside.

Total liquidations showed long positions at $284,000 and short positions at $10,000, highlighting investors’ rush to lock in gains, which could change the market dynamics. ICP’s immediate support levels are $9.20 and $8.80, while key overhead resistance levels are $10.20 and $11.80.

ICP has climbed above the 20-day and 50-day EMAs and is touching the crucial 200-day EMA. Short-term indicators are showing a positive crossover, suggesting a trend reversal. If ICP can break above the $10 barrier, a massive short-covering rally could propel it to $12, setting the stage for an exciting rally.

The anticipation is thrilling. Will the bulls win and push ICP to new highs, or will the bears seize control? Investors are anxiously watching ICP approach this pivotal moment.

2. SMOKE 

DYM token price staged a bearish reversal from the $8.20 peak after an initial price surge of over 1000%. The 50D EMA formed a bearish wedge which acted as a dynamic resistance for the altcoin’s price decline.

However, the recent reversal from the supporting trendline surpassed the 50D EMA and challenged the upper trendline. Moreover, the altcoin has seen a 103% price increase in two weeks and has recaptured the psychological mark of $2.

Following last night’s 23% surge, DYM shares are now trading at $2.05, forming a Doji candlestick intraday. This signals another bear cycle within a falling wedge pattern. However, a broader market recovery could force a breakout rally for Dymension.

3.WIF

With the descending channel in a downtrend, the WIF price trend shows a pullback phase. However, the bullish cycle within the bearish channel foreshadows a breakout rally for a trend reversal.

With a possible bullish crossover of the MACD and signal lines, the chances of a trend reversal breakout increase. WIF prices rose 15% overnight and 4.89% intraday, challenging the upper trendline and the $2 mark.

If the bulls maintain their momentum, the price of WIF coin will surpass the $3 mark and reach a peak of $4.50 in July.

If the Dogwifhat (WIF) project releases impactful updates and announces major collaborations, the price of the WIF token could surge up to as high as $10.

4.TON

As TON price continues to maintain a bullish trend, an ascending support trendline can be seen on the daily chart. Moreover, the uptrend respects the 50D EMA to extend the higher low formation. Currently, TON price is approaching the $8 mark and is expected to breakout and rebound.

After Toncoin price breaks above the 50% Fibonacci level, it is expected to surpass $8 and set a new all-time high at the psychological barrier of $10.

According to the trend-based Fibonacci levels, Toncoin’s uptrend can reach the 1.618 Fibonacci level, which is $13.25.

If the Ethereum-based project releases a major update or announces a major investment like Pantera Capital or partnerships, the price of the TON cryptocurrency could surge and could reach a maximum price of $14.20 by the end of 2024.