The market is currently consolidating at a high level. The FOMC speech yesterday morning seemed hawkish in conclusion, but the reaction to the price of the currency was good. Therefore, it can be seen that the liquidation map has accumulated a lot of volume on both the long and short sides. Because it is a news week recently, the impact of liquidation volume on the current market is relatively small, and it mainly depends on the results of the news. Yesterday, the 19b-4 review of the ETH spot ETF was passed! The next step is to wait for the S-1 to be officially passed, so I think the probability of upward movement is very high during this waiting period.

Yesterday, Ethereum and Bitcoin slightly retested and the entire altcoin plunged again, but from the perspective of tariffs, it has eased a lot and is currently neutral. The United States has successively passed proposals that are friendly to cryptocurrencies, which also means that the current government is beginning to accept cryptocurrencies. In terms of results, it is friendly to us. Therefore, as long as the inflation data does not open too badly in the evening, the market should really come.

At present, the strong altcoins have shown signs of independent market trends. PEPE is still pulling up. You need to be careful not to chase these coins with large gains. Risk control should always be the first priority. Pay more attention to the coins in the market that are still pulling up at the bottom with a relatively small amplitude and a long bottom oscillation time. As long as these coins have had explosive pull-ups before, they will definitely not be lonely in this round of altcoin rotation. When the altcoins are stepping back, it is time for you to buy. Don't be afraid, get on board boldly, hold on firmly, and take advantage of this wave of rotation.


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4 potential cryptocurrencies that will surge 100 times after the Ethereum spot ETF is approved!

1. DOGE

Doge is the original meme and still one of the most promising. Dogecoin was originally created as a fun experimental project, but unexpectedly gained huge market attention and speculative enthusiasm.

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At the time of writing, bears appear to be winning the battle for DOGE at $0.17. The 20-day EMA is at $0.15 and as long as this level holds, an upside attempt is likely. If the price moves above $0.17, DOGE might test the $0.21 and $0.23 areas again. In the opposite scenario, the long-standing narrow range-bound movement is likely to continue in a more boring manner.


2. THERE IS

Cardano (ADA) is an open-source "Proof of Stake (PoS) blockchain network" based on multiple design components, including a dApp development platform, a multi-asset enabled ledger, and verifiable smart contracts. The founding and continued development of ADA is based on extensive academic research, chief among which is Ouroboros: A Secure and Reliable Proof of Stake Blockchain Protocol; this fact is often used to distinguish the project from other competing blockchain protocols.

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The price broke above the 50-day SMA ($0.49) and easily pulled back from $0.52. If the weakness persists, the ADA coin might fall towards lower support levels. Conversely, the target is $0.57. We often share our assessments of the ADA coin, and key areas have remained stable for a long time due to low volatility.

3. AVAX

Avalanche is a high-performance, interoperable ecosystem built for decentralized financial applications and enterprise blockchains. The Avalanche network supports a full set of Ethereum development tools and millions of network validators operating simultaneously through its sub-second transaction confirmation function.

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Following the good news on Monday, AVAX has moved up quickly. Reclaiming $40 is a very positive development. The uptick from the 20-day EMA ($36.62) has now enabled the price to continue finding buyers above the general resistance level of $40.

4. BABY

Pepe (PEPE) rode the memecoin culture wave, leveraging its iconic status in internet memes to foster a supportive community and drive speculative interest. As a prominent player in the memecoin market, Pepe benefited from its unique brand and meme-inspired imagery, which resonated with meme enthusiasts and investors. On May 22, PEPE's price surged 27%, hitting an all-time high of $0.00001422 within 24 hours, with a low and high of $0.00001235 and $0.00001422, respectively.

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According to data, Pepe (PEPE) is currently trading at $0.00001354, up 7% in the past 24 hours. The surge appears to be driven by positive regulatory news, which has raised hopes for the approval of a spot Ether ETF. Such approvals would make Ethereum investment opportunities more accessible to institutional investors. As PEPE continues its upward trend, it has attracted more individual investors. This pattern of increased retail participation is usually accompanied by a token reaching a new all-time high, leading to more interest and investment.

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