So what will happen to the market next?
The current situation is that the rebound has exceeded subjective expectations. The next observation point is the previous high of 66498. If it breaks through here, the next round of rising market will begin!
Let’s take a look at the current state of the pie at a macro level:
Weekly level: RSI indicator is neutral, MACD has completed the retracement to the 0 axis, and there is an expectation of a golden cross on the water. The weekly indicator is difficult to change unless there is a particularly big negative (black swan) because it represents the long-term trend.
3-day line level: MACD indicator has been underwater since early July and has gradually returned to the surface
Daily level: After completing the upward trend from 52550 to 66498, MACD fell back to the 0 axis and formed a golden cross at present.
The information from the above indicators is that in the absence of a black swan, the market is likely to rise.
The next focus should be on cottages
Three key indicators show that altcoins are entering the "rising season"
The inverted head and shoulders pattern is a bullish signal that the downtrend is easing and buyers are becoming more dominant in the market. This means that Bitcoin (BTC) dominance may be waning and altcoins may start to outperform Bitcoin, heralding the arrival of the altcoin season.
Meanwhile, the Stochastic RSI (a momentum oscillator that measures the relative position of the RSI within its range over a specific period) produced a bullish crossover on the three-week chart, which independent analyst Titan of Crypto claims is a signal that “a major rally in Alts could be around the corner.”
A bullish crossover occurs when the Stochastic RSI indicator crosses above its signal line, indicating a potential uptrend.
“Usually, when the 3-week Stochastic RSI forms a bullish crossover, a strong upside move is expected.
Altcoin market capitalization starts to rise
As the altcoin is still above the uptrend line, it is still following the uptrend. The RSI has increased from 45 to 53 in the past three days, which shows that the market conditions are favorable for the rise.
If TOTAL3 remains above the aforementioned major resistance zone, the altcoin may continue to rally, and a sustained rally could signal the start of the much-anticipated altcoin season
How to screen out dark horse coins with large gains in the current market?
Since it is a dark horse, it should have these characteristics:
1. The market value cannot be too large, it must be less than 100 million U.
2. At least it is listed on several second-tier exchanges for safety. Of course, there are also trading pairs listed on Binance, such as Myro Rats NEIRO.
3. The dealer must have been accumulating funds recently in preparation for pulling up the market later.
4. It is best to choose a new coin that was launched in 24 years or an airdropped coin such as PIZZA DOG.
5. Study the chip structure. The dealer has a high degree of control over the market, and retail investors have been almost washed out.
6. The dealer has money, strength and resources. It is best if he has successfully managed a project before. For example, the dealer of Dog is the Rune Stone project, the dealer of Pizza Sats is the Unisats project, and the dealer of Neiro Ordi is Binance.
Summary: Low market value + strong dealer with money + good background + good resources + high control + sufficient wash + new coin = dark horse potential coin
If you want to choose, basically it is the leaders in each track. The hot tracks are MEME, AI, and RWA, so the target is already very clear.
