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Market research report:
In market analysis, it is common for good news to become bad news. Whether in the financial market or other fields, the emergence of good news is often accompanied by profit taking.
Although there may be negative conditions in the short term, for assets like BTCETF, their potential value in the long run cannot be ignored, especially when the market cycle is extended, its 40,000 yuan pie has great potential, and it is recommended to pay more attention to it.
1. When choosing a trading product, the first thing to consider is the space and profit and loss ratio. Therefore, after 4.5, we focus on altcoins and Ethereum.
2. The weekly line closed negative for the first time since October. It was supported at 4.2 yesterday, and 4.35 showed strength. The analysis of this range is still valid. It is recommended to wait for the right side to stabilize before entering the market. 4.05 is still an effective support. If it falls below, you need to consider losses. These analyses are all based on the short-term perspective and gradually extended to the long-term.
3. Ethereum is suppressed at the Fibonacci 0.5 position when rebounding, so we need to pay attention to the intraday position of 2450. If it falls below, we can consider the support level of 2350. It is recommended to go long at the intraday position of 2450. Considering that the daily support level is at 2350, we can wait for a rebound at this position. The intraday target is 2630.
In the next market rally, expect to see altcoins double in value!
ATOM#ATOM
As of now, the price of Cosmos (ATOM) is ranging between $8.99 and $12.39. The 10-day moving average is $10.10, while the 100-day moving average is $9.12. The key support levels are $3.98 and $7.38, while the resistance levels are between $14.19 and $17.59.
If Cosmos (ATOM) succeeds in achieving zero inflation, this could be a game-changer for the market. Once the plan is approved, the value of Cosmos (ATOM) is expected to rise as its availability increases. However, despite the optimism surrounding Cosmos (ATOM)'s potential growth, the actual impact of these changes on the market is as uncertain as a coin toss. Holders should be prepared for peaks and troughs in the market.
Hashflow（HFT）#hft
Currently, Hashflow (HFT) is trading in the range of $0.301 to $0.440. The 10-day moving average is $0.356, while the 100-day moving average is $0.316. The key support levels are located at $0.091 and $0.231, while the resistance levels are between $0.509 and $0.648.
If Hashflow 2.0 is successfully launched, it will significantly enhance the status and value of Hashflow (HFT) in the market. However, as with all crypto-assets, the future price movement of Hashflow (HFT) will be affected by multiple factors, including market adoption, technological advancements and overall market conditions. Holders should always remain vigilant and thoroughly understand the situation to prepare for the fluctuations that Hashflow (HFT) may experience in the market.
Solana（SOL）#Solanan
The monthly chart shows a significant rebound for Solana, which is currently trading around $23.24. The chart shows that after the sharp decline, the price has reached a certain level of stability. The pivot point for this recovery is suggested at $34.40, while Fibonacci levels suggest potential resistance at $65.10, $99.43, and $127.17 (in ascending order).
The 50-day moving average appears to be providing dynamic support, which could strengthen the bullish case for Solana.
Moreover, the RSI showed strengthening momentum with a reading of 51.62, which is above the midline, suggesting growing bullish sentiment among investors.
This technical setup, coupled with price action above the $34.40 level, sets the stage for a potential push towards the first Fibonacci resistance level.
As for Solana’s long-term prospects, we are cautiously optimistic. As long as the cryptocurrency market maintains its current trajectory and investor sentiment continues to be positive, we expect Solana to test higher resistance levels.
