Yesterday, Bitcoin rebounded slightly, but it has not yet gotten out of the short-term delisting trend. The impact of the expected reduction in interest rate cuts still exists. It will take time for market confidence to recover. The 4-hour level still needs to be sorted out. There is no obvious bullish signal. It is estimated that it will remain in the range today. Pay attention to the resistance of 66,000. The rebound of Bitcoin is more obvious than BTC. There is good news on the fundamentals. The SEC is about to stop investigating the allegations against ETH, but in terms of the macro environment, we still need to pay attention to the speeches of Federal Reserve officials. The expectation is still not optimistic. Pay attention to the breakthrough of 3,680 above. If it can break through and stabilize, the market will improve. Pay attention to the breakthrough of resistance during the day. There was a partial rebound in the altcoins yesterday. Most altcoins have been oversold. The rebound of ETH and AI series of currencies is the most obvious. However, the current environment still needs to wait for clear signals. The rebound is not a reversal. We still need to wait for the market to stabilize. It is recommended to wait and see and wait for the opportunity to enter the market.


4 Cryptocurrencies Worth Buying in 2024 Bull Market with 100x Potential!


1. SMOKE

Dymension uses an L1 blockchain that uses Proof of Stake (PoS) technology. Traditional blockchains face scalability issues during peak activity, leading to congestion and high fees. Dymension solves these problems using a modular framework, decentralizing functionality across dedicated platforms.

The $DYM token is an integral part of the Dymension ecosystem. The token facilitates transaction processing, staking, and governance on the platform. It is also used as a medium for cross-chain value transfer.

Additionally, Dymension has partnered with Chromia. This partnership aims to enhance fan engagement. It does this through a platform that promises increased security, transparency, and seamless integration. This partnership aims to innovate the way fans interact and experience.

Despite occasional dips, Dymension’s current price indicates a 1.2% gain over the past 24 hours. The token is currently priced at $1.63. Investors are generally optimistic, with the Fear and Greed Index at 79, indicating extreme greed. This suggests that investors are optimistic about Dymension’s future trajectory, anticipating further growth and possible price increases.


SEK 2 million

Maker (MKR) prices showed weakness on Thursday after surging 11% the day before, and are likely to fall back to key support levels. On-chain data shows that buy-side liquidity cleared leveraged long positions and initiated new buying before MKR began to rise.

Prior to the breakout, a buy-side liquidity sweep had already occurred, with major market participants trading in large volumes to activate a batch of pending buy orders at a specific price level, allowing them to enter large positions with minimal slippage. As a result, many over-leveraged long positions were liquidated and new long positions were opened, signaling a bullish move.

OTC buyers looking for opportunities can accumulate MKR in the daily order block area, which ranges from $2,225 to $2,294. The bullish order block area is an area where market participants, such as institutional traders, have previously placed buy orders.

If the $2,225–$2,294 area holds, MKR could rise 15% from the $2,294 level to reach the 50% Fibonacci retracement level of the May 21 high of $3,221 to June 18 low of $2,071 at $2,646.

The Relative Strength Index (RSI) on the daily chart is rising from oversold conditions and is expected to break above the mean of 50. The Awesome Oscillator (AO) is below the mean zero level. If the bulls do make a comeback, both momentum indicators must remain above their means. This development will provide additional momentum to the ongoing recovery rally.

Moreover, if Maker’s price closes above $2,646, the rally could extend by another 22% to retest the May 21 high of $3,221.

3.BONK

BONK has shown surprising resilience amid the turbulent cryptocurrency markets. While other meme coins have plummeted in price, BONK has seen a relatively small drop of 2.71% to $0.000247. With a weekly drop of 7.46%, BONK continues to attract investor attention with a monthly gain of 34.32%. A sharp increase of 16.09% in 24-hour trading volume to $609.24 million points to a potential uptrend, though broader market sentiment and the upcoming release of US CPI data will play a key role in its movement.


4.Pendle

PENDLE price gains portray a strong uptrend, setting the stage for a bullish marathon. Pendle surged 9.12% overnight, breaking above the $5 mark, showing a massive surge in demand.

The protocol is heralding a new all-time high in terms of market capitalization approaching the $1 billion mark. If the overall market outlook remains positive, the altcoin could reach $10 soon. Let’s take a look at PENDLE’s price analysis for a deeper understanding.

PENDLE price action ended the correction phase with a bullish reversal from the $4.65 mark. The altcoin price gained 21% in a week and surpassed the $5 mark.

The uptrend surpassed the critical 50% line at $5.51 as per the trend-based Fibonacci levels. Moreover, with the overnight gain of 9.12% and the strengthening of the Morning Star pattern, PENDLE price is poised for a huge uptrend.

Following a breakout rally, Fibonacci levels show PENDLE’s optimistic target at $9.16 at the 1.618 level.