In recent days, Bitcoin has been consolidating at high levels, and most altcoins have increased several times over the past month. A pullback of 30%-50% is completely normal. My personal judgment on the upcoming market is as follows:
1. The first phase of the bull market is ending, and after the adjustment, it is about to enter the second phase;
2. Currently, there is still no large-scale inflow of off-market funds, and it is still in the stage where existing funds are competing. The rise of many coins is also driven by leverage within the market, so in the short term, institutional main forces will inevitably clear altcoin leverage;
3. The adjustment period for this round of Bitcoin will not be long, and there will not be a significant downward pullback in the short term;
4. The second phase is led by either SOL or ETH, which is my judgment on the overall market. SOL is simple, with a low entry threshold and a strong grassroots foundation; after waiting for ETH to complete its pullback, the altcoin market is highly likely to welcome a second wave of rises.
5. The clearing of leverage in the second phase (spike) will be more intense than in the first phase, but the overall upward direction remains unchanged. Therefore, buying at relatively low levels and holding spot positions is sufficient. Allocating high leverage during a bull market will only accelerate your demise.
Buy the dip for 3 altcoins with future value growth potential of 100 times! 1.BNB
The current price of BNB is $709, with a 24-hour trading volume of $2.48 billion and a market cap of $105.42 billion, holding a market share of 2.89%. In the past 24 hours, BNB has slightly declined by 0.46%, but the overall outlook remains optimistic.
The price prediction sentiment for BNB is bullish, with the Fear and Greed Index currently at 83, indicating 'extreme greed'. Additionally, BNB's trading price is 23.16% higher than its 200-day simple moving average (SMA) of $581.61, indicating strong upward momentum in the long term.
In terms of recent performance, BNB has had 16 days of increases in the past 30 days, reflecting sustained price stability and growth. However, the 14-day Relative Strength Index (RSI) is 61.80, indicating that the asset appears to be in a neutral zone, suggesting that prices may consolidate in the short term.
The price of BNB is also approaching a cyclical high, reflecting an increasing investor confidence. Its positive performance compared to the initial token sale price further enhances the credibility of its long-term value proposition.
2.TAO
The current stock price of Bittensor is $568.32, with a 24-hour trading volume of $304.14 million and a market cap of $4.19 billion. This gives it a market share of approximately 0.12%. In the past 24 hours, the price has slightly declined by 1.97%, reflecting the inherent volatility of the cryptocurrency market.
The price prediction sentiment for Bittensor remains bearish, indicating a cautious attitude among investors. However, the Fear and Greed Index shows a score of 83 (extreme greed), indicating an increase in investor interest and optimism towards the overall market.
From a technical perspective, Bittensor's trading price is far above its 200-day simple moving average (SMA) of $122.07, with an increase of up to 364.62%. This indicates a strong upward momentum in the long term. Additionally, Bittensor has recorded 18 up days in the past 30 days, equivalent to a 60% positive trading trend.
The 14-day Relative Strength Index (RSI) is 56.85, placing the token in a neutral range. This indicates that Bittensor is neither overbought nor oversold and may soon continue to consolidate.
Moreover, the asset has high liquidity relative to its market cap, enhancing its ability to accommodate large transactions without significant price fluctuations. Bittensor's strong technical indicators and liquidity levels make it worth watching, although the short-term price trend remains uncertain.
3.XRP
The price of XRP is $2.43, with a 24-hour price increase of 2.81%. Its market cap is $138.84 billion, up 3.57%. The fully diluted valuation (FDV) reaches $242.75 billion, while the 24-hour trading volume climbs to $10.18 billion. This marks an 11.94% increase in trading activity. The trading volume to market cap ratio is 7.33%, indicating strong liquidity. The circulating supply of XRP is $99.98 billion, with a maximum supply cap of $100 billion.
The price movement of XRP initially showed a slight decline but quickly reversed. It rose above $2.50, reaching an intraday high. After peaking, it slightly retraced and stabilized around $2.43. This indicates solid support at the current level.
Trading volume has increased by nearly 12%, reflecting a rise in investor interest and market activity. The steady growth in volume and price consolidation indicate a cautiously optimistic market.
The market cap of XRP is $138.84 billion, making it one of the top crypto assets. In addition, its trading volume to market cap ratio is 7.33%, highlighting good liquidity. XRP's supply structure is transparent, with a maximum supply of $100 billion, adding stability for investors. Recent price increases and rising trading volumes indicate a positive market momentum.
