Since Trump's return, major economic data has surprisingly exceeded expectations, which is a bit surreal.
But don't forget, extremes must revert. A strong economy may be bearish for the crypto space in the short term, but it could also lay the groundwork for a reversal later. The Federal Reserve is unlikely to cut rates in July, so the market will have to endure a bit longer...
Family, I’ve really searched through dozens of coins and finally caught a whiff of the 'wealth secret'!
Many institutions are already quietly positioning themselves; listen to me explain how important this market move is—next Tuesday, the crypto space may welcome an epic reversal!
The whales have already acted in advance, and now is the window for ordinary people to get on board. So the question is, which coins are worth watching?
I’ve compiled the TVL data of mainstream public chains and found that the standout performers are $SOL and $HYPE, both maintaining double-digit growth over the past month, and this is not a short-term spike, but stable growth.
In contrast, Ethereum has clearly been on a downhill path. In the last bull market, it exploded due to DeFi, building on-chain finance and earning ecosystems, but this round is primarily pushing Layer 2, resulting in TVL and trading volume being distributed to second-layer networks like Arbitrum, Base, and OP, while itself has seen a significant drop in data and price.
Besides SOL, I personally have high hopes for $SUI; the on-chain data and development momentum are promising, definitely a potential stock!
Why am I optimistic? Look at its on-chain data—isn’t it reminiscent of $SOL in 21?
There’s actually an interesting ‘generational inheritance’ law in the crypto space, which isn’t written in textbooks, but looking back at history, it really is a chain reaction.
Take the current SUI and $SOL for example; they are somewhat reminiscent of the BTC and ETH of years past.
BTC experienced a surge during the bull market of 10-13, a crash in 14, and the real explosion happened in 17;
ETH emerged in 16-17, nearly went to zero in the 18 bear market, dropping 95%, and then directly surged 50 times in 21;
SOL is on the same rhythm, booming in the bull market of 21, crashing 95% in the bear market of 22, and now it’s its time again in 24-25.
So what about $SUI ? It is the new star in this cycle, with faster technological updates and likely to create its own major market trend in the next halving cycle.
So don’t rush; if SUI drops 90%-95% in the bear market next year, that would be a normal opening move. Many coins that can rise 50 times or even 100 times have done so because they once fell to a price that nobody dared to buy. This is the true wealth secret of the crypto space.
Looking at it this way, the real profits are actually made in bear markets; coming into a bull market is just picking up the pieces.
Alright, let’s take a look at a few altcoin situations:
#SUI: Let’s first look at the short-term opportunities for SUI. Currently, from a technical perspective, SUI's recent trend has clearly strengthened, with increased trading volume and successfully breaking through a key resistance zone. On the 4-hour chart, it has firmly stood above the middle band of the 20-day Bollinger Bands, leaving a significant gap from the lower band, indicating strong bullish momentum in the short term.
Currently, the price is testing the key range of 3.20-3.30 USD, having been pressed down here before. Whether it can break through this time depends on whether the bulls can sustain the volume. If it breaks through, reaching a new high would be a natural outcome.
For support below, first watch around 2.98 USD, as this is not only a position on the middle band of the Bollinger Bands but also has psychological support significance; further down is 2.84 USD, which is historical strong support that has held up against pullbacks multiple times.
Overall, SUI has entered a key breakthrough window, and whether it can achieve new heights depends on whether this wave can push volume up and over 3.3 USD.
Now let’s take a look at #DOGE.
Previously, Little Meow mentioned that Musk originally wanted to create a 'stock and crypto trading' feature on X, which led the market to treat DOGE as a core expectation. However, it seems this is mostly off the table now. The SEC’s recent ETF announcement did not include DOGE, and related approvals have been delayed, with the news starting to lean bearish, increasing short-term uncertainty.
From a technical perspective, DOGE recently broke below the key support level of 0.165-0.17, dropping to a low of 0.143. However, the support here is strong, bouncing back to around 0.175 after the third retest, returning to the demand zone prior to the major rebound in May.
Currently, DOGE is oscillating in the range of 0.143-0.26, with 0.143 already forming a solid bottom. The upward pressure is concentrated at the 0.20 level, and only if it breaks through and stabilizes above that can we expect a push towards 0.26.
From a technical indicator perspective, the momentum is slightly warm, with RSI returning above 50 and continuing to rise, and MACD just moving out of a golden cross. Overall, the situation is bullish, but the news is a drag. Those who prefer stability might consider waiting for it to stabilize above 0.20 before increasing positions.
Recently, there hasn’t been much speculation in the crypto space. A few days ago, there were reports that PENGU is going to launch an ETF, and now #BONK is coming to join the excitement.
The recent surge in BONK can be summed up as catching the 'right time, right place, right people.' Tuttle Capital just proposed a BONK leveraged ETF, which could launch as soon as July 16, attracting speculative funds into the market.
And BONK has just broken through a key resistance level technically, with a 315% surge in trading volume over the last 24 hours, perfectly timed! Don’t forget, it’s backed by Solana, with token distribution nearing completion, and the fundamentals are solid. Heat + themes + funds are all coming in; this 20% rise is definitely not just a coincidence.
As for how far it can go? You’ll have to gauge that yourself.
That’s all for the article! If you’re confused in the crypto space, consider joining me to position yourself and profit from the market makers!