In the early hours of today, the Federal Reserve announced a 25 basis point rate cut. Last night, the Fed first cut rates, but almost all other statements and actions were hawkish.
Looking back at the strengthening economy, rate cuts slowing down, and the dollar appreciating, gold, Bitcoin, and the stock market have all plummeted. The key is that the closing lines look quite bad. This news is neither good nor bad, but it's always better than not cutting rates, yet there was still a significant drop. This was anticipated last night and communicated in the internal group. As long as it’s not a crash, a few points of decline are actually beneficial for the long-term development of the entire market, after all, some profit-taking is necessary. If you are still facing liquidation after a few points of decline, you really need to rethink your trading strategy.
There hasn't been much significant news on Bitcoin fundamentals. Yesterday, the understanding king even shouted good news, and institutions continue to increase their holdings. It is expected to consolidate around 100,000, and in the long term, it should continue to rise. Continuous decline without volume can be seen as continued consolidation in this range. All rises will definitely need to solidify before moving to the next step. On this basis, if it can dip below 100,000, then one can gradually enter the market with spot purchases, having remained at 85,000.
Buy the dip in 3 cryptocurrencies with 100x returns!
1.SUI
SU1 is the native cryptocurrency of the first layer Sui blockchain network, and after recent increases, its price has seen a significant rise. 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 that its decentralized finance (DeFi) protocols (such as Suilend and NAVI) are widely used.
The breakout of the double bottom pattern and strong technical indicators support the bullish outlook for SU1. Analysts predict that the currency will break through $5, and the Fibonacci retracement model indicates that it may further rise 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) significantly enhance its ecosystem.
2.ADA
Cardano (ADA) is currently in an upward trend. The price has risen by 8.86% over the past week. In the past month, it has increased by 47.30%, and in the long term, ADA has risen by as much as 183.90% over the past six months. These numbers indicate a significant and growing interest from 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 with room for further price increases.
3.HBAR
In the past 30 days, Hedera (HBAR) has risen by 506%, performing quite well in the current market cycle. HBAR is currently trading at $0.25, showing a positive attitude while staying above the Ichimoku Cloud. Despite some consolidation, experts expect HBAR to reach the 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 argument. Investing $500 at a price of $0.39 to achieve $0.50 would yield a return of $641. HBAR combines technical strength and practical utility, making it an attractive investment for those eager to capitalize on this momentum.
