In terms of market trends, the two-day pullback is not surprising. The key support level of £66,700 has been tested twice without being broken, demonstrating market resilience. As long as this range remains intact, the short-term market can be considered stable. Ethereum is also holding steady at £2,560; as long as it doesn't drop below this level, the overall trend remains healthy. As for how to operate, risk-tolerant individuals can make their own judgments, but remember that any strategy is for reference only and does not constitute investment advice.
Whenever the market pulls back, negative news floods in, and various conspiracy theories and negative sentiments fill the market. However, it is important to remain rational and see the essence of the trend.
Regarding the conspiracy theory circulating in the market about the Federal Reserve 'cutting rates first and then suddenly raising them,' there is actually no need to be overly concerned. After all, this is a national strategic arrangement, not child's play. As a leader in the global economy, the Federal Reserve would not easily commit such a breach of trust with global capital.
I suggest everyone pay more attention to global financial giants like BlackRock and observe their market dynamics. Following the steps of these large funds often leads to good returns.
Promising altcoins to watch
1.TON
Toncoin (TON) is a decentralized open-source Layer-1 blockchain that uses a Proof of Stake (PoS) consensus mechanism, enhancing the network's scalability and stability. Its core goal is to provide fast and secure payment services with extremely low transaction fees. At the same time, Toncoin plans to expand into decentralized storage, services, domain name systems (DNS), anonymous networks, and efficient payment processing.
Currently, Toncoin's price is £5.24, with a weekly increase of 1.50%, and the trading price has risen above its 200-day simple moving average, indicating strong long-term growth potential. In the past 30 days, Toncoin has seen 15 up days (50%), reflecting relatively stable market performance. High liquidity ensures smooth trading while reducing the risk of significant price fluctuations.
Recently, Toncoin completed integration with Axelar's Mobius Development Stack (MDS) platform, which connects over 68 blockchains. This integration will help Toncoin improve scalability and promote broader cross-chain applications. Coupled with potential connections to Telegram's 950 million users, Toncoin is expected to accelerate the flow of developers, users, and liquidity across different blockchains.
Although Toncoin focuses on decentralized services and has made technological advances, its future success still depends on its ability to effectively meet user and market demands.
2.DOGS
Dogs coin is like a lively and cute community mascot. It originates from the mascot Spotty created by Telegram founder Pavel Durov, embodying a spirit of fun and socializing.
Dogs coin is not just a currency; it emphasizes community connections and shared experiences, showcasing community culture in the form of meme coins. If you wish to participate in Telegram's community culture, then Dogs coin is undoubtedly the best choice to represent this spirit.
3.APT
Aptos (APT) is currently priced at £10.89. Although it has seen a slight drop of 9.48% today, trading volume has surged by 125.94% in the last 24 hours, indicating strong investor interest in upcoming significant events. Due to growing demand, Aptos' price has surpassed all its simple moving averages, suggesting it may soon test the resistance level of £13.55.
In the current weak market environment, Aptos has shown a strong upward trend, similar to SUI. Since mid-September, Aptos' price has steadily risen from below £5 to its current level, with a continuous upward trend and higher highs and lows reflecting strong bullish momentum.
Aptos recently partnered with MEXC to launch an event centered around the APT token, allowing holders to participate in locked savings and futures trading for a chance to win a $1.5 million reward pool. Additionally, MEXC offers zero trading fees for APT transactions, further strengthening Aptos' bullish outlook.
