In the early hours of today, the Federal Reserve announced a 25 basis point rate cut. Last night, the Fed first cut rates, but aside from the rate cut, almost all other statements and actions were hawkish.
In light of the strong economy, the rate cut has slowed, and the dollar has appreciated, leading to a sharp decline in gold, Bitcoin, and the stock market. The key is that the closing lines look quite poor. This news is neither good nor bad, but it's always better than no cut, yet there was still a significant drop. This was anticipated last night and communicated within the internal group. As long as there is no crash, a drop of a few points is beneficial for the overall long bull development, as some profit-taking is necessary. If you are still getting liquidated with this small drop, you really need to reconsider your trading strategy.
There are no significant fundamentals on the Bitcoin front. Yesterday, the knowledgeable parties were still calling for positives, and institutions are continuously increasing their holdings. It is expected to consolidate around 100,000, and in the long term, it should continue to rise. The ongoing decline is also lacking in volume, which can be seen as continued consolidation within this range. All increases must solidify before moving to the next step. Based on this, if it can dip below 100,000, it would be a good opportunity to enter the market in batches, having reached 85,000 continuously.
Buy the dip with these 3 cryptocurrencies that offer 100x returns!
1.SUI
SUI is the native cryptocurrency of the first layer Sui blockchain network, and after a recent surge, its price has seen a significant increase. SUI has fallen by 4.9% in the last 24 hours, trading at $4.11. Its total locked value (TVL) has just reached a record $1.835 billion, indicating widespread use of its decentralized finance (DeFi) protocols such as Suilend and NAVI.
The breakout of the double bottom pattern and strong technical indicators support a bullish outlook for SU1. Analysts predict that the currency will break through $5, and the Fibonacci retracement model suggests that it may rise further to $6.12, $6.75, or even $7.66. If the positive momentum continues, this currency could reach $10 within weeks. Sui's alliances (such as its recent integration with Backpack) greatly enhance its ecosystem.
2.ADA
Cardano (ADA) is currently in an upward trend. The price has increased by 8.86% over the past week. In the past month, it has risen by 47.30%, and over the long term, ADA has seen a surge of up to 183.90% in the past six months. These figures indicate a significant and growing interest among investors.
Based on this data, the price of ADA may continue to rise. The current price range is between $0.94 and $1.22, above the 10-day and 100-day simple moving averages (which are $1.09 and $1.08, respectively). The RSI is 53.92, indicating a neutral condition and room for further price increases.
3.HBAR
In the past 30 days, Hedera (HBAR) has surged by 506%, performing quite well in the current market cycle. HBAR is currently trading at $0.25, showing a positive attitude while maintaining above the Ichimoku Cloud. Despite some consolidation, experts expect HBAR to touch a resistance level of $0.40, with further upward targets of $0.45 and $0.50.
Hedera's rapid adoption in enterprise blockchain solutions and DeFi applications supports its optimistic stance. Investing $500 at a price of $0.39 to achieve $0.50 would yield a return of $641. HBAR combines technological strength and practical utility, making it an attractive investment for those eager to capitalize on this momentum.
