According to the current liquidation map, market bearish forces are dominant. With Bitcoin's current price at about $105,500, if the price fluctuates by $2,000 and rises to $107,500, the expected liquidation amount for bears is about $1.19 billion; if it falls to $103,500, the expected liquidation amount for bulls is about $800 million. The market is mainly consolidating in the short term, with last Saturday and Sunday showing overall fluctuations on the 4H and 1D levels, and most altcoins showing minor volatility, as the market awaits a trend reversal signal, with sentiment skewing neutral.
Personally, I expect the market to remain volatile this week due to numerous news events, with strong wait-and-see sentiment. It is advisable to focus on trading Bitcoin and cautiously participate in altcoins, especially those with poor liquidity, as they are vulnerable to large sell-offs, resulting in significant declines.
The second wave of the bull market is about to explode! This week may be the last opportunity to buy the dip, with 4 major altcoins starting a 10x surge!
AAVE
AAVE/USDT has significantly retraced from $325 to the 20-day moving average ($269). If it rebounds from the moving average, bulls will push the price back to $325, targeting $380. A drop below the moving average may test the rising trend line, with buyers expected to defend actively. If it breaks above the moving average, the price could rise to $291 and $309, with sellers defending the $309-$325 range. The 4-hour chart shows bears in control, with support at $261; a break below may lead to further declines.
CFG
Centrifuge is a decentralized asset financing protocol that tokenizes real-world assets (such as invoices and real estate), connecting traditional finance with DeFi. The CFG token is used for governance, staking, and transaction fees, priced at $0.19, up 14.56% today and 6.91% over the past week. The platform has financed over $1 billion, demonstrating its strong appeal in the RWA sector and increased investor confidence.
IMX
IMX saw a surge in NFT sales of 156% to $41.7 million due to the launch of the 'Guardian Guild', but subsequently fell back to $24.7 million, with 24-hour trading volume down 17%. An RSI of 49.56 indicates a neutral market, high liquidity, and significant potential for price volatility. MEXC is set to support Immutable zkEVM transfers, simplifying the user experience and benefiting long-term application prospects.
AXL
Axelar's General Messaging Protocol (GMP) supports cross-chain interactions, empowering DeFi protocols like dYdX and Uniswap. AXL's price rose 30%-36% this week, rebounding from a low of $0.27, but has fallen over 40% year-to-date. Collaborating with Immutable zkEVM and JPMorgan, it is expanding Web3 gaming and asset tokenization, showcasing its infrastructure potential and restoring investor confidence.
