1. The number of fat penguins (Pengu) is increasing

PENGU was once the leading meme coin on Solana, reaching a peak market cap of $2.9 billion on January 6. However, after its explosive growth, the token entered a long correction phase, with its market cap falling below the $1 billion mark by January 29. Since then, PENGU has struggled to regain its previous momentum, reflecting a general cooling of interest in meme coins during this period.

Despite the pullback, recent price action suggests that sentiment around PENGU could be shifting again. In the past seven days, PENGU has surged 107%, including more than 16% in the past 24 hours alone. If this strong momentum continues, PENGU could soon test the $0.011 resistance level. A break above this resistance could open the way to $0.0126. If bullish pressure remains strong, further targets of $0.0171 and even $0.0223 are possible – which would be the first break above the $0.020 mark since January 27.

2. Major breakthrough of SUI

SUI has been one of the brightest performers among altcoins over the past week, surging 70% and trailing only Cardano, Solana, and XRP in market cap among major U.S.-made cryptocurrencies. With such strong momentum, SUI is approaching key technical levels that could determine whether its rally can continue or face a pullback.

Recently, SUI tested the $3.73 resistance level but failed to break through. If it tests this level again and successfully breaks through, the next target will be $4.25, which will also be the first time SUI has exceeded $4 since January 31. However, if the bullish momentum fades, SUI may retreat to test the $3.25 support level. Losing this support level may lead to a further correction to $2.92 or even $2.51, so future price action will be particularly important to assess whether SUI's rally can continue further.

3. RENDER performs poorly in a competitive market

RENDER has been underperforming the broader market, gaining just 2% over the past seven days, far less than most other major U.S.-made tokens. It has also underperformed leading AI tokens such as TAO, FET, and VIRTUAL, which have seen much stronger momentum. This lackluster performance suggests that while the buzz around AI continues to heat up, RENDER has struggled to capture the same enthusiasm, raising concerns about its short-term prospects, making it look bleak compared to its peers.

From a technical perspective, RENDER's EMA lines indicate potential weakness and may soon form a death cross. If the downtrend becomes a reality, RENDER may first test the $4.25 support level; a break below this level may lead it to fall further to $3.82, $3.55, or even $3.14. However, if RENDER can regain its upward momentum, a rebound to $4.63 is still possible.

in conclusion

In summary, PENGU, SUI, and RENDER had very different trends in the cryptocurrency market last week. PENGU's strong rebound and SUI's strong breakthrough indicate strong bullish sentiment in the market, while RENDER faces potential challenges that may constrain its short-term performance.

Market participants should pay close attention to key resistance and support levels of these assets to effectively navigate the ongoing volatility.

I have been trading in cryptocurrencies for more than ten years. From my margin call to achieving financial freedom till now, I support my family by trading cryptocurrencies. In 2024, my funds have increased 50 times. If I had not withdrawn funds twice to buy a house, it would have increased 85 times.

The steps of rolling warehouse:

1. Choose a target: Choose a cryptocurrency that you think will rise in the future

2. First Buy: Use all your funds to buy the cryptocurrency

3. Set a stop loss: Set a stop loss below the buy price to limit your losses

4. Monitor the market: Continuously monitor market trends 5. When prices rise: If the price rises to the preset target, use part of the profit to increase the position and buy more

6. Repeat steps 4 and 5: Continue to monitor the market and add to your position as the price rises

The art of rolling a position is not something that can be mastered on a whim. It requires the right time, right place, and right people to increase your chances of success. Here are four golden opportunities for rolling a position:

(I) Breakthrough after a long period of sideways trading: When the market is in a sideways state for a long time and the volatility drops to a new low, once the market chooses a breakthrough direction, you can consider using rolling positions.

(II) Buying at the bottom of a bull market: In the bull market, the market experienced a strong rise and then suddenly fell. At this time, you can consider using a rolling strategy to capture the opportunity to buy at the bottom.

(III) Weekly level breakthrough: When the market breaks through the key resistance or support level on the weekly chart, it is like breaking through a solid line of defense. At this time, rolling positions can seize this breakthrough opportunity.

(iv) Market sentiment and news events: When market sentiment is as changeable as the weather, or when there are major news events and policy changes that may shake the market, rolling positions can be a powerful weapon in your hands.

If the pattern determines your life, then what determines the pattern?

Many retail investors often find that many people have good strategic plans and analysis, but cannot execute them.

In life, we call it lack of self-discipline, but in trading, it is mostly related to mentality and confidence. The reasons for the planned strategy are not sufficient, and the long and short ideas and point selection are too random, so you are likely to hesitate when the market drops sharply or rises quickly to your entry point; another is being too conservative, which is actually a lack of flexibility and strength, using the name of stability as an excuse.

An excellent trader is cultivated on the battlefield rather than in theoretical books; if he has a wrong mentality, is afraid of stop loss, cannot look at gains and losses normally, and exaggerates stop loss and is timid, he will hesitate to act.

It takes time for a three-foot-thick ice to freeze, and it takes time for a dripping water to wear away a stone. Everything needs to be accumulated slowly and cannot be achieved overnight, and the same is true for investment. If you enter the investment market with the hope of getting rich overnight, the profit may be farther and farther away from you.

Qingtian often tells his friends: getting rich overnight is not as good as making steady profits, and big ups and downs are not as good as the peace of mind of steady profits.

A few tips for digital currency investment:

When the price of the currency does not move, don't rush. This is a simple principle, but it is difficult to do. Many people can't help themselves at this time, and end up losing a lot of money.

If the price of a currency lingers at a high or low point for a long time, it may be time for a change. At this time, you need to be patient and wise and wait for the best time to make a move.

When building a position, you have to proceed steadily, layer by layer, so that you can feel at ease.

If the price of the currency goes up or down like crazy, you have to adjust your strategy quickly. Don't sell heavily at high prices, and don't buy heavily at low prices. The market changes quickly, and you have to follow its pace to succeed in the digital currency industry.

In the bull market of the cryptocurrency circle, the reasons why novices lose money are:

First: You don’t dare to buy at the end of a bear market or the beginning of a bull market. You have just experienced the baptism of a bear market and your mind is still full of bear market thoughts, so you miss the best time to get on board.

Second: In the middle of a bull market, people are afraid to buy when the trend starts to pick up, always thinking that they will get lower prices if they wait. If they get on the train at this time, they will be trapped, and it may be the top of the mountain, making it impossible to get on the train.

Third: Unable to hold on to profits, frequent short-term operations, and selling at small profits.

Fourth: Abuse of leverage leads to margin calls.

Fifth: At the end of the bull market, the market is crazy. Under the impact of interests, unable to resist the huge temptation, frequently increase positions to chase the rise, leaving yourself standing guard on the top of the mountain.

The simplest strategy to determine whether the bull market is still there is to keep an eye on the movement of Bitcoin. As long as there is no large-scale cashing out, it means that the bull market is still there!





Follow Su Ge closely, use precise strategic analysis, spend millions of dollars on AI big data selection, and make yourself invincible? The market never misses opportunities. The question is whether you can seize them. Only by following experienced people and the right people can we make more!

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