PNUT Status PNUT has recently experienced a sharp decline, with the current price at $1.0634, down 2.61% for the day. It previously found support and rebounded at $0.9533. The current price is attempting to break through short-term moving average resistance, with increased trading volume and intense competition between buyers and sellers.
Technical Indicators
RSI has risen to 38, indicating initial signs of a rebound, but MACD remains in negative territory, suggesting that short-term price fluctuations are still significant.
Long Strategy Entry point can be considered at $1.05, and if the price drops to $1 or $0.95, additional positions can be added. The stop-loss is set at $0.92, with take-profit levels at $1.1, $1.15, and $1.3. The initial position size is 30%, gradually increasing to full position.
Short Strategy A short position can be taken when the price rises to $1.1, with the possibility of adding positions if it reaches $1.15 or $1.3. The stop-loss is set at $1.35, with take-profit levels at $1.05, $1, and $0.95. The initial position size is 20%, gradually increasing to full position.
If the resistance level of $1.1 is broken, the rebound momentum will strengthen, potentially pushing the price to higher levels; if the support level of $1 is lost, it may decline again to $0.95 or lower.
From the daily chart perspective, it has just retraced to the bottom's level resistance area and has achieved a resistance-to-support conversion, which has been completed very perfectly.
Combined with the previous trend, this indicates a positive and improving trend. This trend may suggest that there is potential for a certain degree of increase that can be focused on for the DA family.
Shanzhai coins are likely to show volatile trends with diverging movements, primarily focusing on bottom building.
For old mainstream coins like ZEC (Zcash) and LTC (Litecoin), it is advisable not to hold too much 'faith'; if you have already made a profit, taking profits would be more appropriate, meaning to take the gains and run. Currently, more attention can be directed towards this round of new concept coins, such as RWA, AI, and meme-related coins.
Suggestions for averaging down on some declining coins For ONDO, ZRX, and MAJOR, which have currently fallen significantly, if you want to average down, you can do so by widening the average price. Be careful not to set the average down price too close to reduce costs and control risks.
Dogecoin (DOGE) is relatively okay as long as it does not drop below the price level of 0.34, so there is no need to worry too much.
Pixel and Pyth have performed well; you can continue to hold them.
The Bitcoin market has experienced severe fluctuations recently, with over 240,000 people liquidated in a single day, reflecting the mindset of some investors attempting to get rich overnight.
Last night, Bitcoin plummeted nearly $4,000 in just 3 hours, dipping to the support level of $94,000.
It then began to rebound at 2 AM, showing three consecutive hourly gains, with the price rising back to around $97,000. However, this upward momentum is noticeably weaker than the previous downward trend. This morning, there has been a pattern of slight declines followed by sharp increases, encountering pressure around $98,000.
This market situation warns investors that investment strategies are crucial. One must not harbor the delusion of seeking overnight wealth, as this is often an investment trap.
True rational investment should abandon the obsession with massive profits, and even prepare mentally for small losses, but it is essential to avoid falling into a situation of significant losses. The primary principle in the investment market is to "stay alive."
koma: Performed well after being listed on Binance contracts, rising instead of falling, with subsequent bybit contracts and bitget spot also launched, and officially announced cooperation with DWF, development is going smoothly.
aicell: Benefiting from koma's popularity, currently has a market capitalization of 21 million, AI agent has been launched, its "bnbchain + ai + meme" narrative is good, attracting a lot of inquiries about holding positions, although it claims to be a small investor, it is still receiving attention.
Evan: Maintained steady performance while other coins were falling, currently working with a group of builders, experiencing a good environment.
move: Experienced a decline due to market influence, as it has not yet launched its mainnet, there may still be room for future development, requiring thorough research.
me: Opened high but retail investors have no holdings, already listed on Binance, Coinbase, and Korean exchanges, current price is 6.4, fully diluted valuation (fdv) is around 6.4 billion.
BounceBit (bb): Received investment from Hong Kong listed company BoYa Interactive, and has a partnership with Ondo, with a circulating market capitalization of 170 million USD, total market capitalization around 760 million USD, its Cedefi staking yield is good.
In the past 24 hours, the altcoin market has been turbulent, and the value of many currencies has plunged sharply.
According to Santiment data, TRX, AVAX, DOT, ICP, POL, FIL, TIA, etc. have all been hit hard. However, there are signs and potential for recovery.
In terms of the decline, TRX plummeted 17.68%, AVAX fell 13.85%, DOT fell 16.47%, ICP was 14.89%, POL was 15.96%, FIL plummeted 17.97%, and TIA was as high as 18.35%. The large-scale and deep decline has attracted widespread attention in the market.
The root cause of this market adjustment is that the relative strength index (RSI) of major crypto assets such as Bitcoin has entered the overbought area. RSI overbought usually indicates that the market needs to adjust. Bitcoin RSI fell to 57.05 due to the sell-off and then returned to the rising zone, which in turn affected the trend of the entire crypto market.
Although altcoins have seen their biggest drop since September, XRP is expected to test prices by the end of the year, and altcoins are expected to rebound strongly after adjustments.
If Bitcoin can stabilize above 100,000, altcoins may take advantage of the trend to rise again. We still need to pay close attention to market dynamics and seize opportunities.
Recently, with the overall recovery of the crypto market, MOVE is experiencing a flourishing situation, with bulls crazily absorbing capital.
On one hand, MOVE's technical architecture has been optimized, injecting new vitality into its ecosystem. At the same time, the support from exchanges has significantly increased, driving up trading volume and enhancing market liquidity. Additionally, the 'Move to Earn' projects are experiencing explosive growth, attracting increasing attention from investors.
Multiple benefits for MOVE Technical upgrades: The optimized technical structure strengthens its ecosystem's competitiveness, improves user experience, and continuously enhances the project's attractiveness.
Liquidity recovery: The acceleration of capital flow in exchanges has led to a noticeable increase in trading depth and market activity, solidifying price support.
Concept popularity: The innovative 'Move to Earn' model combines exercise with earnings, precisely hitting user interest points and igniting market enthusiasm.
Currently, MOVE has demonstrated strong upward potential, with favorable conditions from both technical and fundamental perspectives, indicating that it is likely to experience a new round of value re-evaluation in the short term, and it may even exceed market expectations.
However, it remains uncertain whether this wave of MOVE's market trend can become the next 'phenomenal case.' What will be the future development trend of MOVE? #市场回调抄底还是观望? #加密市场回调 #币安HODLer空投MOVE
Yitai: This month’s Ethereum online meeting, March upgrade, positive news may double the price. Enter between 3650 - 3700.
SOL: Altcoin season is approaching, demand for on-chain coins is rising, its price may increase. Enter around 210.
PEPE: Although it has retraced after breaking the previous high, it still has the potential to double, showing strong momentum. Enter between 0.21 - 0.22.
DOGE: The market heat is high, and there is still an upward trend after Musk took office. Can layout between 0.39 - 0.40.
Could deep pullbacks become the best entry opportunities?
This year's mainstream trend seems to be mirroring 2023, starting to rise in October, with consolidation upwards in November and December, and a peak in January due to ETFs.
This year also started in October and is currently in a consolidation and upward phase. Given that Trump will take office in January and Musk will join DOGE, there is hope for a repeat of the 2023 trend.
Additionally, Bitcoin has the positive news of a Microsoft meeting; if Microsoft decides to purchase Bitcoin and it gets approved, Bitcoin may surge strongly, and altcoins will benefit as well.
From a broader perspective, mainstream and popular altcoins may reach their peaks in January next year.
Short-term operations can wait for the results of the Microsoft meeting; those already holding positions should hold firm and not get tangled up in whether the altcoin bull market is coming; perhaps we are already in a bull market now.
Market capitalization: According to BlockBeats, on December 10, the total market capitalization of cryptocurrencies fell below $3.7 trillion, currently at $3.657 trillion, and has dropped 5.7% in the past 24 hours.
Liquidation situation: Also on December 10, Coinglass data shows that in the past 24 hours, 572,395 people across the network were liquidated, far exceeding the approximately 100,000 people liquidated on March 12, 2020 (when Bitcoin plummeted 50% that day).
Lookonchain reports that trading company Cumberland sold 9,895,520 UNI tokens worth 16.73 million dollars, with the sell-off beginning after a 10% drop in UNI price, leading to a bearish sentiment.
Currently, the trading price of UNI is nearly 16 dollars, having fallen 24% in the past 14 hours, while the trading volume has increased by 15%, indicating that future prices may continue to decline.
UNI has reached the 16 dollar breakout point and will retest it,
Experts analyze that if it stays above 14.90 dollars, it is likely to rise 20% to 19.75 dollars in the coming days;
If the daily chart closes below 14.90 dollars, it could drop 24% to 11.30 dollars.
According to the rules of previous years, there are usually market fluctuations on Christmas Eve. However, this year's situation is rather special, and the market came early and suddenly. Given that overseas will enter the New Year in 15 days, a large amount of liquidity will be withdrawn from the market in advance.
This loss of liquidity is equivalent to market-crashing behavior to a certain extent. Coupled with the malicious operation of the dog dealer, the market has suffered two heavy blows, and the trend is quite ugly.
For short-term investors, it is not advisable to enter the market rashly at present, and it is necessary to wait for the market to stabilize before considering it.
For spot investors, there is no need to rush to act. They should wait patiently for the market to stop falling, and then adopt a strategy of entering the market in batches to reduce risks and seize opportunities that may come.
The Bitcoin ecosystem has been sluggish recently. After a brief period of popularity, it quickly faded away. The current market uncertainty is high.
It is recommended to wait and see first, and consider entering the market after the trading volume is significantly increased and the price forms an effective breakthrough.
Although the overall ecosystem is sluggish, ORDI, SATS, and STX are worth paying attention to. They may show potential when the Bitcoin ecosystem recovers and become a key force leading the trend.
Today's effective information in the cryptocurrency circle
1. MicroStrategy related Michael Saylor once again hinted that MSTR continued to increase its holdings of BTC last week, and the announcement can be waited for. Logically, MicroStrategy may purchase a batch of BTC every week. The relationship between MSTR's issuance of convertible bonds and the purchase of BTC can be studied, which can explain the logic of buying more BTC as it rises (it previously said that the company is a company that earns volatility).
2. New data Starting today, CME Ethereum futures position data will be added. The data source is the Coinglass official website. Interested parties can track it by themselves.
3. Key points Last Friday's non-agricultural data was higher than expected, and the employment situation was strong. This week, focus on the Microsoft shareholders' meeting at 0:30 am on December 11 (related to investment expectations in Bitcoin) and the US CPI data at 9:30 pm on December 11.
In the current context of ai-Agent becoming a hot sector, the Hook project is particularly eye-catching. Hook is undoubtedly the first educational project to start working on ai agent, and this feature makes it have the potential to become a big benefit.
In the future, we can focus on Hook, especially the edu.hook segment. Compared with edu, which belongs to the same education sector, its performance is stronger.
In the currency circle, news often causes price fluctuations, and fluctuations will give rise to market changes. In fact, there is no absolute distinction between good and bad coins themselves. The key lies in their market position. Therefore, it is worth paying close attention to the subsequent changes in the market position of the Hook project and the resulting market trends.
Every pullback is an opportunity to enter the market, which is very suitable for UNI now. Although UNI has not risen explosively, it has been very stable in the past half month, rising from $10 on the 26th of last month to $18, an increase of 80%.
UNI has several positive factors:
First, as the leader of the DeFi ecosystem, it is easy to be empowered by positive factors;
Second, the SEC has changed its leadership, and the previous SEC suppression has improved;
Third, it is the currency with the largest investment in Grayscale Fund; Fourth, it is about to release its own chain, which can arouse market sentiment.
After Trump's victory, the market rose for a month, and the market may diverge in the future. Not all coins are worth ambushing and building positions. Whether UNI can break the record of $45 is worth our attention.
About 18.53 million tokens will be unlocked at 8:00 am on December 11th, Beijing time. The ratio of this unlocking amount to the current circulation is 0.05%, worth about 22.24 million US dollars.
At present, ADA has started a downward trend. From the trend of one-hour, four-hour and daily K-line, it shows downward indicators. In view of this situation, it is possible to consider entering a short order near the current price of 1.15.