The data and news in September are frequent, the market is volatile, and the opportunity for a second bottom is high. Especially after the non-agricultural data is released, it may be a good time to deploy spot stocks. According to experience, there may be a wave of rise in October. BTC’s market share has peaked, and funds are flowing to altcoins. When this wave of adjustments is over, the fourth quarter may become an explosion period for small altcoins.
ADA
It is currently down 61.03% from the year's high, and needs to rise more than 206% to return to $1. Although the price is down about 20% in the past two weeks, it is still holding above key support, showing that this level is a strong buying point. ADA formed a falling wedge pattern on the 1D time frame and has been trading within this range since mid-April, indicating a bearish long-term market. However, technical indicators RSI and MACD suggest bearish sentiment is waning. As volatility increases, ADA has the potential to stage a strong bullish reversal. It is expected that in the fourth quarter, with the completion of the largest upgrade in Cardano’s history, the price of its native token ADA will increase significantly. If it holds above key support, ADA will test resistance at $0.50.
AAVE
After the trading price reached $130, huge investors flocked in. The Aave founder sold $6 million worth of tokens, while two whales ignored market fluctuations and purchased $2.2 million worth of AAVE tokens and withdrew 50,605 AAVE tokens worth $6.8 million respectively.
Another whale “0xa92” currently holds 125,605 AAVE tokens worth $16.7 million. Driven by the bullish trend, the cryptocurrency price may break through the $142 resistance and further challenge the psychological $150 mark. The next target of the Fibonacci level is $182.
WIF
meme tokens, whales are actively buying. The largest holder purchased 800,556 WIF tokens for $1.54 million USDC and currently holds 28 million WIF tokens worth a total of $53.23 million, with a profit of more than $77 million.
Another whale also purchased 9.57 million WIF tokens worth $13.59 million. WIF price traded at $1.59 after rising 9.95% yesterday, but fell 2.5% intraday as bullish sentiment faded. A death cross appears between the 50-day and 200-day EMA. Based on the Fibonacci levels, the next resistance is $2.00, while the 61.80% Fibonacci level targets 3.$31.
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