In the past 24 hours, the cryptocurrency market has become active again, with Dogecoin (DOGE) surging over 6%, taking the lead among mainstream coins. At the same time, popular meme coins like Floki and BONK have also seen strong increases, and bullish sentiment is growing. What exactly has driven this rebound? Let's break it down one by one.
Macro support: Rising expectations for interest rate cuts + tariff delays, market risk appetite is back.
Behind this market trend, the easing of macro conditions is crucial. U.S. Treasury Secretary Janet Yellen recently stated that the new tariffs from Trump, originally scheduled to take effect on July 9, may be delayed until August 1, leaving more room for negotiation among countries. This news directly alleviated market concerns about escalating trade wars.
Meanwhile, traders generally bet that if the CPI data released this Wednesday is weak, the Federal Reserve will have more room to cut interest rates in September. This expectation has caused the dollar to rebound in the short term and has spurred risk assets, including Bitcoin, to strengthen, with Bitcoin returning to the $110,000 mark.
BTSE COO Jeff Mei pointed out: "If the CPI falls, the window for interest rate cuts may really open, and investors will naturally be willing to embrace crypto assets again."
Dogecoin leads with a 6% increase: retail enthusiasm returns, Musk adds fuel to the fire.
#DOGE This rise is also related to the return of retail enthusiasm, with 24-hour trading volume breaking through $1.5 billion, breaking the silence of the previous few days.
And just as Dogecoin rises, Musk announces the establishment of the 'American Party', reigniting social media heat. Although this is not a direct benefit to DOGE, it is well known that whenever Musk speaks, meme coins will not remain indifferent. This is also interpreted by the market as one of the catalysts for crypto sentiment.
HBAR shows strengthening trends: double bottom pattern + wedge breakout, target $0.229.
#HBAR. Although pressured in the near term, there has been a clear technical reversal signal recently. It has not only formed a double bottom at $0.1236 but has also just broken through the upper trendline of a descending wedge and is testing the 100-day ALMA moving average.
At the same time, the RSI is rising, and market momentum continues to strengthen. If it stabilizes, the target is set at the neckline of $0.2290. If it unfortunately breaks below the previous low of $0.1236, the short-term bullish structure will be damaged.
BONK has erupted again: an inclined double bottom has formed, with trading volume skyrocketing to over $1.3 billion.
The star meme coin of the Solana ecosystem, BONK, is also performing brilliantly, with the current price approaching the neckline of $0.00002568, forming an inclined double bottom structure and strongly breaking through the Fibonacci 23.6% retracement level on the daily chart.
It is even more noteworthy that $BONK has surged under high trading volume, with a 24-hour trading volume exceeding $1.3 billion, surpassing that of Dogecoin and Shiba Inu. If it successfully breaks through $0.00002568, the next target may challenge the 50% retracement level of $0.00003453.
Floki surges 16%: high volume combined with triangle breakout, potential upside exceeds 40%.
Floki has also brought surprises to the market, rising over 16% within 24 hours, with a trading volume close to $200 million. Technically, Floki is at the critical point of a symmetrical triangle, with the RSI breaking above the midline of 50, and the MACD about to turn bullish, possibly welcoming a breakout soon.
Currently, the key resistance is the psychological level of $0.00010. If successfully broken, the next target may be $0.0001238, with an upside potential exceeding 43%. Of course, if it unexpectedly breaks below $0.000059, the bullish structure will collapse.
Summary: This round of rebound is not a false fire; multiple coins resonate to release positive signals.
From macro expectations of interest rate cuts to the expansion of trading volume and strengthening of technical indicators within the crypto market, many signs indicate that this rebound is not a false fire and at least has the potential for continuation in the short term.
Dogecoin, Floki, BONK, and HBAR all demonstrate impressive momentum. Especially with the meme segment refocusing under Musk's statements, it may once again become a barometer for funds in the crypto world.
This Wednesday's CPI data will be a key checkpoint to verify the strength of the market trend. If it falls below expectations, this rebound may completely shift to a full-fledged market.
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