Bitcoin has not yet broken through $110,000 and is fluctuating at a historical high, which is a typical bull market accumulation stage. Some people are worried that while Bitcoin has not fallen, Ethereum and altcoins have fallen sharply. Once Bitcoin pulls back, will other coins collapse directly?
This is a low-probability event. Trading should be done with high probability, not driven by fear. Otherwise, nothing can be done. Today, the market has been clearly divided, and it is no longer the era of "all coins rising together". Some coins have peaked, some are still rising, and some have not even started. Whether you can understand the trend and choose the right coin determines whether you can benefit from this round of bull market.
At present, Bitcoin is increasingly weak in sideways trading at high levels. Is the wind direction changing suddenly? The shorts are ready to move, and the 100,000 mark may be difficult to defend! Looking forward to a wave, waiting for the next surge!
The short-term key range of Ethereum is 2430-2460, which has initial support. If the rebound is blocked at 2560, it may fall back again; if it breaks through, the upward trend will continue. If it falls below 2430, the support below will be 2250-2300, which is the key position for bulls to go long; if even this range is lost, it may enter a deep correction, with the target dropping to 1800-1900.
Well, our encryption story continues!
In the early hours of this morning, Musk changed his nickname back to "Elon Musk", and then changed it to "Kekius Maximus", and simultaneously changed the relevant MEME picture avatar, which directly triggered market sentiment. The meme coin of the same name $KEKIUS (deployed on Ethereum) soared rapidly, from $0.0027 to $0.06638 in just two hours, an increase of 146%, and the market value exceeded $66.38 million.
In fact, this is not the first time that "Kekius Maximus" has appeared. As early as the end of last year, Musk used this name to repost a meme with PEPE and interacted with it on social platforms. This change of avatar is seen as the fuse of a new round of craze in the meme sector.
Currently, the SUI ecosystem is becoming a key support target of Binance Alpha, the overall sector is gaining popularity, and $SUI itself is gradually becoming stronger. Under this trend, the probability of related projects being listed on Binance contracts and spot has increased significantly, which deserves special attention.
Among them, the Alpha project $NAVX performed well and has multiple potential advantages:
Clear positioning: $NAVX is a liquidity protocol on the SUI network, integrating lending, LST, and DEX aggregator functions, and is committed to building a one-stop DeFi center;
Reasonable valuation: Currently, FDV is only 67 million and the circulating market value is about 38 million, which is much lower than $Cetus (FDV is nearly 200 million) in the same ecosystem, and has a high cost-effectiveness;
Strong TVL: The locked amount is as high as 750 million US dollars, which is nearly four times that of $Cetus and far exceeds its FDV. The TVL/FDV ratio is over 11 times, which is a rare project with strong fundamentals.
The exchange is progressing rapidly: it has completed the layout of mainstream second-tier exchanges and joined Binance Alpha. Next, it may impact Binance spot and contracts, and even have the opportunity to enter the Korean market.
Overall, $NAVX has Alpha potential in terms of popularity, fundamentals, and expected benefits. Currently, it is also a good window period for scoring and layout.
The current market sentiment is still bearish, but I think there are still opportunities in the short term! The current market is more suitable for swing trading.
EOS
Driven by WLFI's sudden $3 million purchase, $EOS rose nearly 7% in 24 hours. This operation has sparked heated discussions in the market, especially in the context of WLFI's suspected loss of $125 million due to the recent sale of ETH at a low price, making the transaction motivation even more mysterious.
Although there is no definite evidence pointing to market manipulation, the acquisition has indeed revived attention to the dormant EOS project. The price of EOS briefly soared by more than 9%, approaching the resistance level of $0.88. If buying continues, it is expected to challenge the $1 mark.
However, if the sentiment reverses, EOS may retrace to test the $0.663 support. If it fails, the currency may fall further to the $0.58 area. Be vigilant about the short-term volatility risk.
OK
The tokenization of RWA (real world assets) continues to heat up, with the overall market value reaching a new high of US$22.5 billion, an increase of 5.87% in the past 30 days. Among them, private credit accounts for US$13.1 billion, indicating that institutions are accelerating the layout of on-chain financial infrastructure.
As one of the leaders of the RWA sector, $ONDO has fallen more than 3% in the past 24 hours, but its monthly increase is still 16.2%, reflecting that the market has not lost confidence in its fundamentals. If market sentiment improves, ONDO is expected to test the resistance level of $1.04, and the target may be $1.20 after breaking through.
On the contrary, if the adjustment continues, the short-term support level is $0.86 and $0.819, and a deep correction may reach $0.73 or even $0.663. The future trend will be highly dependent on the popularity of the RWA narrative and whether the concept of "American Made Coin" continues to ferment.
WHAT
In the past seven days, it has risen by 18.5%, and the monthly increase has reached 56.7%, with the market value climbing to US$3.17 billion. Although the 24-hour trading volume fell by 20% to US$99.38 million, the EMA indicator showed a potential "golden cross" signal, indicating that it may continue to rise in the future.
If the upward momentum continues, $KAS is expected to test the key resistance of $0.155. If it breaks through, it will have a chance to hit $0.188, becoming one of the most noteworthy tokens in the US manufacturing concept over the weekend.
On the contrary, if the momentum weakens, we need to pay attention to the two support levels of $0.114 and $0.103. If they fail, it may trigger a deeper adjustment, and the pullback target may be as low as $0.082.
This is the end of the article! If you are confused in the cryptocurrency circle, you might consider joining me in making plans and harvesting dealers!