BTC is indeed quite strong, continuing to rise recklessly while other altcoins are falling. On-chain data yesterday showed that over 10,000 BTC flowed out from exchanges. The current situation is such that as long as you dare to sell, there are buyers ready to absorb. There is no such thing as a rise without reason; large capital bets on BTC's future replacement of gold.
Therefore, more companies are buying BTC, state finances in the US are buying BTC, sovereign nations are buying BTC, while retail investors are continuously selling BTC and changing hands. Looking at the gold trend over the past two years, it is very similar to BTC. No matter what day you look at the data, there are always more people shorting than going long. Retail investors keep shorting and selling, while central banks and institutions in various countries keep buying.
If BTC breaks 110,000 USD and stabilizes, altcoins are expected to rise again. The current situation in the crypto market is as follows: Despite a very poor macro environment (negative tariffs from the US, falling US stocks), large institutions and companies are optimistic about BTC's future and are continuously increasing their holdings. If BTC surges, altcoins will follow, but if BTC corrects, altcoins will drop again. According to the current liquidation map, the market is generally bullish. If Bitcoin's price falls to 103,800 USD, the estimated cumulative amount of long positions that could be liquidated is about 1.97 billion USD. Conversely, if it rises again to around 107,800 USD, the estimated amount of short positions that could be liquidated is about 1.25 billion USD.
Market direction: Remain bullish. From the current market trend, the market is still continuing to rebound, and the pullback is not significant. Ethereum is also keeping pace with the market, overall showing an upward trend, which also encourages most altcoins to continue rebounding. Regarding the current market situation, I personally believe there is still a chance to hit a new high this week, so there is no need to panic if the market pulls back; instead, it is a good opportunity to continue going long. Meanwhile, given the significant volatility in the market over the past few days, with back-and-forth liquidations, I suggest setting stop-loss orders further away to prevent sudden large pullbacks or waterfall events.
Buy the dip in 3 altcoins that could increase 100 times in the next bull market! 1. RNDR
Driven by the resurgence of Bitcoin and Ethereum, Render (RNDR) has recently shown strong growth momentum. Over the past month, RNDR has risen over 10%, with a market cap exceeding 2.27 billion USD. This upward trend is attributed to a significant increase of 52.69% in its daily trading volume, indicating that investor interest is heating up.
After breaking through the recent fluctuation range, the price briefly fell to retest the 4.20 USD area—a key support level. This level remains strong, and RNDR is currently rising again. The current price is around 4.40 USD, not far from the next major resistance level of 4.91 USD.
If the price can break through and hold above 4.91 USD, analysts believe the token may rebound to 6.18 USD, an increase of over 28% from the current level. Although there may be some selling pressure at this level, the overall trend remains bullish.
There is an optimistic outlook on RNDR's potential; some believe its price may soon reach 12.30 USD, with long-term forecasts going as high as 22 USD. In a more optimistic scenario, based on logarithmic price modeling, it is estimated that it could rise to 150 USD. Given this momentum, achieving a 250% increase by the end of the year does not seem out of reach. For anyone anticipating the next explosive growth in cryptocurrency, RNDR is definitely worth close attention.
2. AR
Arweave stands out with its unique 'block weaving' technology, which requires miners to store older data blocks. This approach helps preserve critical historical data and makes Arweave a reliable choice for developers building permanent applications and websites on its permanent network.
Recently, the network supporting Arweave cloud services, AR.IO, launched a feature that allows purchasing domain names with credit cards. This initiative aims to make Web3 more accessible through ArNS (Arweave's blockchain-based domain and hosting service).
Despite facing downward pressure since December last year, Arweave remains steadfast. The token experienced significant selling earlier this year, but is currently forming a potential bullish pattern on the charts. It is trading within a symmetrical triangle and testing support between 6.00 USD and 7.50 USD. If AR rebounds strongly from this area, it could trigger a new round of increases.
With the launch of new use cases and technical indicators suggesting a recovery, Arweave may be preparing for a recovery phase. AR combines technology with practical applications and is worth considering for investors seeking long-term cryptocurrency storage solutions.
3. FET
The Artificial Intelligence Superintelligence Alliance (AISuperIntelligence Alliance) is a collaborative project initiated by three top AI blockchain projects—Fetch.ai, SingularityNET, and Ocean Protocol. The three companies will jointly launch a unified token called $ASI, with the trading code FET.
FET is currently priced at 0.7188 USD, testing the upper limit of a descending triangle pattern that has formed for several weeks. Recently, the stock rebounded from a strong support level of 0.450 USD and has risen 34.79% over the past month. The MACD indicator has recently issued a bullish signal, indicating that buyer confidence is strengthening.
The next few trading days are crucial. If FET can break through the resistance level, it may enter a strong rebound. Target prices are set at 0.7637 USD, 1.30 USD, and could even reach 1.85 USD, which means an increase of over 150% from the current price.
Investor interest in FET is also on the rise, with more wallets beginning to accumulate tokens for long-term holding. A planned token burn also adds more vitality to FET and stimulates expectations for price increases. In addition, the newly launched ASI-1 Mini tool by Fetch.ai brings advanced AI capabilities to Web3.
This tool allows users to automate AI tasks, manage them through the ASI wallet, and participate in a more open AI ecosystem. This alliance demonstrates how artificial intelligence and blockchain can work together to shape the future.
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