Many people have missed out on this wave of market, and now at this position, they dare not jump in, so they start shorting. Currently, many are shorting to gamble on a significant drop like 519, so when prices drop short-term, they are not in a hurry to take profits, instead greedily waiting for a bigger 'waterfall.' But the problem is, the market often fluctuates back and forth, not giving a clean drop, which can lead to a broken mindset — the direction is right, but profits are slow to realize.
Looking at Bitcoin's trend now, if it cannot break strongly in the coming weeks and instead maintains the current indecisive structure, it may hover sideways for three to five weeks. But don’t be too pessimistic; this is actually a period of energy accumulation — as long as it holds, it's building momentum for the next phase.
Looking at Ethereum, it actually signaled when that big bullish candlestick appeared. Those who entered then are now enjoying the rebound benefits. From the trend, the market's focus is gradually shifting from Bitcoin to Ethereum and other altcoins.
The recent rotation is very evident: when Bitcoin drops sharply, altcoins rebound immediately. Funds are slowly shifting, and risk appetite is beginning to spread. But this process will not be very smooth because market confidence has not yet recovered, and most people are still hesitant, watching, or trying small positions. Such sentiment is easily exploited by the main forces to wash the market, making you feel exhausted before the real rise begins.
If you were following the rhythm to bottom fish in early April, you should be in a relatively comfortable position now. Next, Ethereum may continue to move sideways for a while, mainly to digest the high-position chips and suppress confidence. As it stands, without major positive stimuli, the market is still in a brewing period. The most extreme situation might see a pullback to around 2100, where there is technical support. In summary: if you hold altcoins, just continue holding and don’t make rash moves; if you are in cash, don’t rush to chase highs, wait for a pullback first.
6 major cryptocurrencies are about to explode 100 times in the future! First, bottom-fish in a bull market!
SXT
SXT shows signs of breakthrough and is also a coin that hasn’t risen much, remaining in a volatile range. So you can buy at the current price of 0.158 USD to bet on a rebound. Once it starts to rise, it should at least break new highs. Charge ahead! The fundamentals are solid; it's the only crypto project invested in by Microsoft. Besides Microsoft, its solutions are also integrated into Google’s BigQuery, indicating its technology has some impressive aspects.
SXT's FDV is only 600 million, indicating a probability of being undervalued. Strong technology + undervaluation; as long as the market improves slightly, it will definitely be pulled up quickly, so everyone can pay attention to it.
FLOKI
Floki Inu has risen nearly 98% this month, with a weekly increase of 42.1%. Market sentiment is optimistic. Its collaboration with well-known companies like Rice Robotics in the X Spaces event has generated much discussion, boosting confidence in the Floki ecosystem.
Floki Inu offers practical features including the Valhalla Metaverse and FlokiFi DeFi, attracting both speculators and long-term investors. Floki Inu has high liquidity, listed on 81 exchanges, making it accessible, but it needs real use cases to support the speculation. This is a coin I've consistently held long-term and am optimistic about!
ENA
The logic of this coin is very simple: ENA's core is algorithmic stablecoin. In a bull market where prices are rising, if played well, it acts like a money printer, with USD annualized growth in the dozens of percentages.
You can refer to Luna, which saw hundreds of times increase. In a declining market, it’s a death spiral that can cause a bank run and crash. Whether to go all-in or stay away depends on your understanding and insight into the overall market trends. If you believe the bull market is still here, buying some ENA is not a problem.
LTC
Litecoin, check the LTC market cap chart, target 7.9 billion. As a coin that never misses a bull market, the real rise may still be ahead. Today, under favorable conditions, there’s a possibility of more than tripling, that is, returning to previous highs. 'Bitcoin gold, Litecoin silver' — this phrase is meme-worthy and enough to create hype.
vine
Vine has entered the BN perp meme, with liquidity just about sufficient, market cap at 68 million. The reason for choosing it is that it can effectively wash out traders, often likes to spike down to hit contract orders, and vine has reasons to transition to xine, with a possibility of a restart. Once the favorable news is substantial, tripling is not difficult.
cheems
Price is 0.0018, and the trend is very perfect. If BSC needs a 1 billion meme, it has to be cheems. In the past few months, with all memes dropping 90%, cheems has shown a triangular convergence, followed by a breakout in the BSC market, proving its high control. It is filled with large holders and diamond hands, and the image of the little dog is deeply ingrained in the crypto community.
Moreover, cheems appears frequently in many animated dubbing videos, making it one of the rare IPs with a profound impression on Generation Z. Additionally, with the BSC chain getting back on track and opening up the market, there’s a possibility of opportunity. Getting into BN spot makes accumulation more convenient.
