This round of the bull market cycle has four main upward waves.
The first wave lasted from January to April 2023, lasting for four months, completely exiting the bear market cycle.
The second wave lasts from mid-October 2023 to mid-March 2024, continuing for five months, initiating a small bull market.
A small number of people have captured many airdrops in BRC20 and inscriptions, with gains of dozens or even hundreds of times, seizing opportunities with little investment.
In February and March, there will be another wave of Depin and Almeme trends on Solana, which is the first wave in this cycle that has a profit-making effect.
The third wave, from mid-October 2024 to now, may last until February to April next year, focusing on new opportunities in the sector.
Recently, in conversations with studio friends, many people have been losing money over the past few months, mainly for three reasons:
1. BTC has been shorted all the way, leading to liquidation or severe resistance to orders.
2. Full exposure in trash altcoins, getting burned multiple times by switching strategies, with several stop losses.
3. Heavily invested in meme coins, especially some new meme coins, with multiple waves resulting in 70% losses.
Warren Buffett once said, if you are not willing to hold a stock for ten years, then do not hold it for even a day. If a coin does not have a long-term holding logic, participating in short-term speculation and getting 'cut' is highly probable. For long-term investments, these coins are far inferior to Bitcoin and Ethereum, and also lag behind leading coins in various sectors, thus some trash altcoins hold little investment or trading value, making it the best choice to avoid them in the long term, or there is a risk of missing out on a bull market.
SOL
Solana is trading between $198 and $240, showing signs of consolidation after recent pullbacks. Despite weekly declines of over 7% and monthly declines of over 12%, Solana has risen by over 56% in the past six months. The recent resistance level is around $255; breaking this resistance could pave the way for the next target near $290. The relative strength index is slightly below neutral, indicating upward potential. As the simple moving averages converge, momentum may shift in favor of buyers. As the market prepares for the anticipated altcoin season and global cryptocurrency bull market, Solana may rebound and potentially achieve substantial percentage gains from current prices.
TON
The trading price of Toncoin is between $5.26 and $7.17, showing signs of potential growth. The recent resistance level is at $7.94; breaking this resistance could push the price to $9.85. The 10-day moving average is around $5.44, while the 100-day moving average is near $5.98, suggesting a bullish crossover. The RSI is slightly below 41, indicating room for upward movement. Despite a recent drop of about 14% in the past week and 2% in the last month, the anticipated altcoin season may drive Toncoin to rise significantly.
AVAX
Avalanche (AVAX) is trading between $42.59 and $57.15. Despite a 12.18% drop over the past week, it has risen by 20.03% in the past month and 55.03% over the last six months. The relative strength index (RSI) is at 35.85, indicating it is close to the oversold region, implying potential for upward movement. The recent resistance level is at $63; breaking this resistance could allow AVAX to reach $78, resulting in significant gains from current levels. With the upcoming altcoin season and expectations of a global cryptocurrency bull market, AVAX shows strong growth potential.
DOT
Polkadot (DOT) shows strong growth potential. Despite a 15.78% decline over the past week, it has risen by 25.91% this month and 35.12% over the last three months. The current price is between $7.48 and $10.47. If DOT can break through the recent resistance at $11.93, it may climb to the next target of $14.92. This move could represent a significant percentage increase. The relative strength index is at 34.56, indicating there is room for growth before reaching overbought levels. With the cryptocurrency market heating up, Polkadot may be poised for a substantial rebound.