The market is pretty nice today, it has been green for the past 24 hours
The price has been rising for three consecutive weeks. The upper limit of altcoins may exceed 1.1T. Large and small platforms continue to announce updates and innovations.
+ Fed announces expected rate cut
+ We are about to enter the last quarter of this year
+ If history repeats itself
Bitcoin ETF inflows are accelerating at an alarming rate.
This week, inflows reached $250 million.
I expect this to continue over the next 4-5 weeks, with September likely to see new all-time highs.
Owners should prepare their guns and bullets to catch up with this wave of copycats
▪️The positive sentiment will continue as long as the price does not fall below the short-term support at $59.807. This will pave the way for a new resistance.
▪️Especially the $62,000 – $62,779 area is one of our top targets and if we win these areas and the 4h/8h candle closes and especially the daily close, the only thing I can say is; sail away!
▪️As we stay above the above zone, we are looking at the intermediate resistance ($64,937) which will turn into a short-term strong resistance, and if it breaks, the short liquidation zone ($66,200 - $67,000) peaks. Short sellers are liquidated and there may be a short-term decline (re-analyze as the case may be).
Powell's speech today will cause market volatility, but will stabilize in a few hours
$PDA
A falling wedge pattern has been formed and it is likely to break above the resistance trendline.
The price is at the absolute bottom of the range and a bullish rebound may be imminent.
Once the bullish rally begins, I expect the price to reach TOP1 at $0.0725 and TOP2 at $0.11 with a long-term target of $0.31.
The coin can be considered for accumulation between $0.038 and the current market price.
$SAGA
94% of the total supply is still to be released, indicating that there is still a long way to go before the token is unlocked
It is down nearly 90% from TGE and is starting to show signs of strength.
$SAGA reminds me of $JUP in January when it 3xed in a month. Many alts have the same structure.
Layer 1 will have a huge impact on the market.
Buy in the 1.34-1.23 range
$FIL
GSR has continued to hold 300,000 $FIL for more than 2 months.
FILECOIN is the number one project in decentralized storage, outperforming other projects in the same field in terms of storage capacity and price. There are many companies and organizations that still use Filecoin's storage capabilities on a regular basis.
Another good news is that they have recently collaborated with many AI parties, and as you know, the more AI develops, the more we need data storage solutions like Filecoin instead of AI projects spending time building their own data storage platforms.
In July, Grayscale, a well-known investment fund, announced the establishment of an artificial intelligence investment fund and its artificial intelligence project portfolio. The Filecoin project is also among them because it is the only project in the data storage field and accounts for the second largest proportion after $Near, exceeding 30%.
Filecoin is a well-resourced project with a strong internal team and a lot of great institutions behind it. The market cap is currently around 2.5B, and after a previous growth period of 4x ROI, the price of Filcoin is returning sideways to the entry level I originally purchased.
The price on Binance is around 4.x$. I continue to accumulate more $FIL in this price range and hold it for the long term. This is also a project that I think is quite safe and sustainable.
The strong chart and daily and weekly statistics all suggest that there could be more upside this week.
A final test of key resistance levels and a successful breakout would put Fil on track for new highs in the coming months
$OM
The MANTRA project (also known as OMniverse) is a vertically integrated blockchain ecosystem. The MANTRA chain is the protocol of the Cosmos ecosystem, providing interoperability with other blockchains and facilitating the development of secure decentralized applications and exchanges.
» Enhance Ethereum functionality and promote accessible financial services.
» There is growing interest in tokenizing real-world assets (RWAs).
» Introducing the 50,000,000 $OM GenDrop Season 2.
» dYdX adds $OM to its chain.
» Over $50 million in $OM staked
TOP1: 1,247
