Good afternoon, brothers! Altcoins are rapidly rotating with the fluctuation of Bitcoin. Today, Binance's new coins ACT and PNUT have had a good rebound. Those who follow up will get at least 30% of the profit.
Has the cycle begun?
Judging from the K-line structure, there is a possibility of bottoming out at the 4-hour level. The upper pressure level of ACT is 0.49; the upper pressure level of PNUT is 1.3. The possibility of rebounding and reversing will increase only if the volume breaks through the pressure level. ACT and PNUT are "new assets on the chain" that appeared at the beginning of this bull market. They are at a stage when the overall market is upward, the BTCD indicator has just gone downward, and the altcoin season has just begun. According to the convention of the currency circle of speculating on new things but not old things, it is very likely to become the main storyline, and the main storyline will not die after a wave of pull online. This is the underlying logic of trading these two currencies.
In the current market, we should focus on two types of altcoins:
The pullback of altcoins that rose strongly in the early stage
Some altcoins that once had large gains may have entered an overbought state.
After experiencing a certain degree of pullback, we should pay attention to whether they have formed a bottom pattern and begun to accumulate strength to prepare for the second wave of rise.
Those projects that can successfully get out of the bottom are likely to experience explosive growth again in the future.
Can the newly emerging altcoins maintain their strength?
Some altcoins can still maintain a strong upward momentum even when the market falls and the market environment is unfavorable.
Such projects usually have strong financial support or are highly recognized by the market and have sufficient confidence, so they are potential stocks worthy of attention.
Invest in 3 types of altcoins to make 100 times profit in the bull market!
1.HBAR
Despite HARB’s larger market cap, the project remains undervalued. Despite a 1.8% weekly drop, it is still positive for the month.
It has applied for an ETF, and the founder’s background is related to the Trump team. HARB has a close partnership with large market makers such as ADA and XRP. Although the market has not fully paid attention to this, it is still seriously undervalued.
2.KSM
Buy KSM, stop loss 34.38. The old guard of the previous dynasty began to desperately pull up the price. KSM followed XRP XLM and pulled up the price by more than 110% in one day. The Polkadot system regained its glory. The key levels of KSM worth paying attention to are:
If KSM recovers from the current decline, it will have to recapture $45 and the daily rejection high of $53.5. If the price breaks above, $61.2 is the next resistance level to watch out for.
The key support is currently at $33.6. If it fails to bounce back, the lower supports on the decline are $26.8 and $22.7. If it falls further, the support is at $19.45.
3.DOT
After two days of short-term holding, DOT finally pulled up. Polkadot (DOT) has seen an astonishing rise recently, soaring more than 67% in a week and more than doubling in the past month.
If DOT breaks above the $13.37 resistance, it could target the next target of around $18.49, which would be a significant increase from current levels.
The upcoming altcoin season appears to be driving this bullish trend, indicating a promising outlook for Polkadot.
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