Last night, all three major U.S. stock indices fell, with the Dow down 0.54%, the S&P 500 down 0.61%, and the Nasdaq down 0.62%. As a result, cryptocurrency-related stocks also experienced a significant drop, with MicroStrategy (MSTR.O) down 7.5% and Coinbase (COIN.O) down over 9%. These factors may be one of the important reasons for the decline in the Bitcoin market.
In the past 24 hours, a large-scale liquidation event occurred in the crypto market, with a total of 582,486 people being liquidated, amounting to $1.751 billion, setting a recent record. This once again warns investors that contract trading carries extremely high risks during bull market cycles, with frequent surges and drops.
Regarding Bitcoin, the 4-hour level adjustment has arrived as expected. Last night, driven by panic selling in the U.S. stock market, Bitcoin fell to around $9,400. Although it has gained support in the short term, it still requires repeated validation. It is expected that the market may continue to be in an adjustment and fluctuation state in the next 1-2 weeks.
For the altcoin market, it is important to focus on currencies that are performing strongly. Every significant drop is often a potential accumulation opportunity, but caution is still needed to control risks.
The entire network has seen 530,000 liquidations again! After the spike, which altcoins can still be focused on?
PEPE
PEPE's performance in the cryptocurrency market is noteworthy, further solidifying its position as a leading meme coin. According to CoinMarketCap data, PEPE's price surged 27.97% in the past week, with a market capitalization of $10.91 billion, reflecting the market's growing interest and confidence in the token.
The technical side also supports its bullish sentiment. According to TradingView data, PEPE's current trading price is above its 10-day EMA ($0.0000092) and 30-day EMA ($0.0000093), indicating strong upward momentum. In addition, momentum indicators suggest that the token is in the buying zone, signaling that its bullish trend may continue. As the price approaches previous resistance levels, market expectations for a breakout are growing.
Currently, the price of PEPE is stable at $0.00002325, with a daily increase of 2.93%. Nevertheless, its trading range shows some volatility, with a daily low of $0.00002455 and a high of $0.00002463.
In addition, the significant increase in whale activity has added more highlights to the market. In the past week, there have been over 244 large transactions involving amounts exceeding $100,000, which is directly linked to the surge in PEPE's price. The increase in these high-value transactions indicates strong interest from large investors in the token and may also drive further market volatility. Meanwhile, the increase in trading volume may attract more funds, boosting market sentiment further.
DOGS
In the past week, the DOGS (DOGS) token built on the TON Network has performed strongly, with its price soaring over 25%, attracting the attention of many traders and investors. This remarkable increase is mainly due to strong buying momentum and bullish sentiment in the market. Currently, DOGS has a market capitalization of $449 million, indicating further upside potential.
From a technical analysis perspective, DOGS's market performance is quite optimistic. The current trading price is above the key 0.618 Fibonacci retracement level, providing strong support for the market. Traders are focused on the target price of $0.0011343, which corresponds to the 1.618 Fibonacci extension. If this level is broken, DOGS is expected to rise further to the next target price of $0.0015458.
Unlike many meme coins that rely solely on hype, DOGS stands out for its utility and innovation. Its deep integration with the Telegram platform is aimed at rewarding active and loyal users, enhancing ecological value. In addition, 81.5% of the total supply of 550 billion tokens is specifically reserved for the community, with 73% allocated to the most active members, showcasing a strong community orientation.
Currently, DOGS is trading at $0.000673, with a weekly increase of 25.35%. This performance not only reflects its increasingly expanding utility but also highlights the investment confidence brought by potential partnerships. At the same time, technical analysis indicates that DOGS has broken through important resistance levels, laying the foundation for further increases in the future.
For investors looking for entry opportunities, the support level around $0.0006565 is a key area worth noting. If DOGS can break through the current resistance level, it will create favorable conditions for continued upward movement in the short term.
LINK
Chainlink (LINK) is considered one of the most noteworthy cryptocurrencies to watch in 2025. From a technical perspective, its weekly chart shows that the price has broken through the key resistance level of $22.85, which was the high on March 11 of this year. Meanwhile, LINK has successfully retraced to the 50% Fibonacci retracement level and received strong support from the 50-week moving average.
Based on the current market trend, LINK is likely to rise further, with a target increase of 115%, looking to retest the historical high of $52.95. If this level is successfully broken, it will lay the foundation for greater upward potential, further confirming its upward trend.
Market analysts are also optimistic about LINK's long-term potential. As pointed out in last week's analysis, with the continued accumulation by whales, the demand for LINK is expected to rise further, and some experts predict that its price may rise significantly in the future, with an increase of up to 500%.
