The current market sentiment seems to be sluggish, retail investors are generally cautious, and their responses to various market analyses and project evaluations tend to be conservative, with a quiet discussion atmosphere. However, it is in this context that new changes and opportunities are quietly brewing within the market.

The market value ratio between Bitcoin and altcoins is gradually approaching a key suppression area on the monthly chart. This position has repeatedly predicted a strong rebound in the altcoin market in the past bull market cycles. Based on this historical law, we have reason to speculate that the market is expected to usher in a new round of market launch in the coming July to November.

For the high-quality altcoins currently on the market, their price levels have shown the characteristics of the bottom area from a long-term perspective, providing investors with a potential layout window. It is worth noting that the funds of Ethereum ETF have not yet entered the market in full, which further suggests that the market still retains untapped upward potential and confidence foundation.

Of course, in the face of uncertainty, we have to prepare for the worst case scenario: if the market continues to decline, especially if there is no improvement from the second half of the year to the first quarter of next year, we need to rationally assess the risks and adjust the strategy in a timely manner to avoid unnecessary losses. At the same time, if the market leaders continue to adopt strategies to squeeze retail investors' profits, we also need to remain calm and realize that this is part of the market cycle, and let time and market laws verify everything.

But please remember that the market trough is often a breeding ground for hope and turnaround. Although the emotional fluctuations of retail investors and the market atmosphere can reflect the state of the moment, they cannot hide the brilliance of the long-term trend. At this stage, being patient, rationally analyzing, and responding flexibly may be the key to capturing future opportunities.

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1.TON

As market sentiment picks up, TON coin depicts a rising wedge pattern on the daily chart, indicating potential upward momentum. Notably, the altcoin has established itself firmly above the 50-day exponential moving average (EMA), demonstrating its strong momentum with a remarkable 53% gain over the past two months.

However, at the same time, we also observe that the supply pressure from above is gradually increasing, forming a clear resistance trend line, which, combined with the rising wedge pattern, poses a challenge that the market may face in the short term. However, the good news is that the MACD indicator and its signal line are about to form a golden cross, and this technical signal adds optimistic expectations for the further rise of TON coins.

If TON can successfully break through the current resistance area, especially the important psychological price of $10, its upward momentum is expected to accelerate further, and the target price is expected to reach $13.26. Of course, the market is always full of variables. If TON fails to withstand the pressure and falls below the 50-day EMA support line, it may retreat to around $6 to find support, which may be a worthwhile entry point for investors seeking low-level buying opportunities.

2.TRX

TRX price has recently shown strong upward momentum, thanks to a bullish breakout from the triangle consolidation pattern. This breakout not only confirms the continuation of the upward trend, but also marks the successful completion of a rounding bottom reversal pattern by TRX, effectively avoiding a possible death cross between the 50-day and 200-day EMAs, further consolidating the market's optimistic sentiment.

Currently, TRX is trading around $0.12 and has achieved a 1.16% increase in the overnight session, showing good market activity. Looking back over the past 35 days, TRX prices have risen by 15% in total, which is directly reflected in the MACD indicator, which has formed a positive crossover with the signal line and crossed the zero line, providing technical support for the future rise.

With the successful breakthrough of the bottom area, TRX price is steadily moving towards the 61.80% Fibonacci retracement level. The successful test of this key position indicates that TRX's bull market is expected to expand further, with the target directly at the important psychological level of $0.14. However, market fluctuations are difficult to predict. If the overall cryptocurrency market pulls back, TRX may temporarily retreat to the support area of ​​$0.12 or $0.10 for consolidation, but it is expected that this is only a short-term adjustment in the bull market process, and then it will resume its upward trend and continue its new bull market journey.

3.CFX

CFX's price dynamics are similar to some other altcoins. It is currently experiencing a descending wedge consolidation phase, and the market sentiment is slightly pessimistic in the short term. However, it is worth noting that as the bull cycle of the entire cryptocurrency market gradually strengthens, CFX is also ready to welcome a breakthrough rebound.

However, the road to this rebound is not smooth, and CFX will face multiple key resistance tests, including the technical resistance levels of the 50-day EMA and 200-day EMA, as well as the psychological price of $0.20 and the resistance of the 23.60% Fibonacci retracement level. These factors may cause CFX to experience a period of sideways fluctuations or consolidation in the process of breaking through the upper supply zone.

However, from the technical indicators, the bullish crossover momentum of MACD and signal line is gradually increasing, which provides a positive signal for the further rise of CFX price. Under the optimistic expectation, CFX is expected to successfully break through and reach the 50% Fibonacci retracement level, that is, the target price of $0.28, opening up new upside space.

4.INJ

Injective, as a cutting-edge blockchain platform, is leading innovation in the financial field with its unique layer 1 infrastructure. Recently, with the spring breeze of market recovery, INJ currency price has experienced a significant bullish reversal based on the solid support formed by $18.6 and the 100-week EMA.

This reversal not only pushed INJ's price up 20%, making it trade above $20, but also pushed its market value to a new high of $2.077 billion. If this round of upward momentum continues, optimistic buyers in the market are expected to challenge the upper trend line resistance near $27, further expanding INJ's upside space.

It is worth noting that once INJ can successfully break through the above key resistance, it may become a strong trend reversal signal, encouraging more buyers of layer 1 altcoins to actively enter the market and jointly pursue the INJ price towards the more ambitious goal of $53. Such a prospect not only highlights the potential and value of INJ, but also indicates that it will continue to write a brilliant chapter in the field of blockchain finance.

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