5.20 Morning Market Update:
Yesterday afternoon's pullback was quickly recovered during the evening, indicating that the trend's continuity still exists, and the overall structure has not reversed. Short-term fluctuations cannot determine the direction of the major trend, but are often dominated by larger cycles. Meanwhile, changes in smaller cycles may gradually evolve into a new round of major trends.
Just like yesterday's candlestick with a long lower shadow, which superficially appears to be a high-level oscillation 'hanging man', but when viewed in conjunction with the overall trend, it reflects strong support and a bullish advantage—K-line high and low points are rising, and prices have broken through previous highs, indicating that the upward trend is still continuing.
🔥 Market Highlights:
1. In terms of airdrop news, BN Alpha announced that soon and Xterio will issue airdrops, with the former being an SVM Rollup project and the latter a blockchain gaming platform, having limited significance in the short term.
2. The RWA sector is performing actively, with Collat surging to a new high after adjustments, planning to build an on-chain capital market on Solana.
3. The stock Dino has increased over a hundredfold since the beginning of the year, with market rumors suggesting there is capital operation behind it.
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