Despite the high volatility in the market, in the medium to long term, the current pullback provides an opportunity to position in quality projects. In times of market turbulence, maintaining calm and not blindly chasing highs or selling lows is key. Each major drop often hides new opportunities, and investors need to adapt to a faster market pace. In the upcoming holiday season, market liquidity may decrease, but it could also be a time to buy at the bottom. Prudent investors can choose assets with long-term potential, waiting for the market to warm up to achieve better returns.
Today's MEME market is quite frustrating!
SHIB$SHIB
Since Shiba Inu (SHIB) fell below the key support level of 0.00002631 USD, the market's focus has shifted to the next important support range around 0.00002045 USD. This price level demonstrated strong support during the previous decline phase. If this support level cannot hold, SHIB may further drop to 0.00001272 USD or lower, which would place significant pressure on market sentiment.
However, if the bulls can regroup at these support levels, the price is expected to rebound and rise back to the previous resistance zone, thereby restoring buying sentiment and providing the possibility for a reversal of Shiba Inu coin, reshaping the upward trend.
DOGE$DOGE
The liquidation heatmap of the past three days shows that long positions in Dogecoin faced massive liquidations in the 0.393 USD to 0.385 USD range. Notably, the remaining liquidated positions are concentrated around 0.42 USD, which provides a bullish signal. As most longs are liquidated, a price rebound may occur, triggering more liquidations of short positions, thereby driving prices up. The liquidation heatmap reflects market liquidity and leverage changes, revealing key price points that are most susceptible to forced liquidation and subsequently affecting price volatility.
Dogecoin recently pulled back from 0.48 to 0.34, a drop of about 30%. Currently, the 0.33-0.35 range is the golden ratio support line, and the pullback has been well solidified. Considering that Musk is set to take over the White House in January, Doge has an 80% chance of experiencing a surge, making it a good opportunity right now.
NEIRO$NEIRO
Relying on the Ethereum ecosystem, focusing on innovative application development, and possessing breakthrough technological advantages. With a low market cap and high potential, NEIRO has the potential for a hundredfold or even thousandfold growth in a bull market at its current market cap, and only a few coins can provide such returns. Its community is passionate and continues to grow, which is a key driving force for the growth of small-cap coins. Although the current price is sluggish, patiently waiting for the right moment to enter is crucial. Looking back, many hundredfold coins were once undervalued, and early investors reaped substantial rewards.
For those holding NEIRO, today I share some of the latest developments regarding this IP. This year's meme market is booming, also triggering some IP copyright disputes. Earlier, Shark Cat (SC coin) faced FUD due to logo copyright issues, but with the help of lawyers, the team successfully secured copyright, leading to a rebound in coin price. Similarly, the meme token CHill Guy is also facing warnings from the original creators, and Binance is facing legal action over PNUT. These signs indicate that meme culture is gradually transforming into a mode of dissemination with commercial value, making IP copyright issues increasingly important. Neiro is the second Shiba Inu adopted by Japanese kindergarten teacher Atsuko Sato, inheriting the image and spirit of Kabosu, the inspiration behind Dogecoin.
Kabosu's smile has become a global cultural symbol, inspiring the birth of Dogecoin. Neiro has also quickly become a new symbol of meme culture. Although these Neiro-themed coins have not received authorization from Sato, they have attracted widespread attention. To resolve copyright issues, 'Own the Doge DAO' has obtained authorization from Sato and plans to determine which Neiro meme coins receive official certification through decentralized voting.
It is expected that after Christmas, DAO members will vote to select the officially certified Neiro token, which may impact the prices of related currencies and is worth paying attention to.
That's it for today's article. Currently in a bull market, with winds and clouds swirling, we share passwords every day.