According to the current liquidation map, the market has just rebounded and cleared a wave of shorts. Currently, the market is dominated by bulls. Based on the current Bitcoin price around $108,200, if the market fluctuates up or down by $2,000 and rises again to around $110,200, the estimated cumulative amount of liquidated shorts could reach about $1.07 billion. Conversely, if the market drops to around $106,200, the estimated cumulative amount of liquidated longs could be about $1.069 billion. Bitcoin spot ETF saw an outflow of $14.1 million yesterday, while Ethereum spot ETF had no fund flow yesterday.
The market direction is primarily focused on short-term fluctuations. From the current market trend, the daily chart level still shows a sideways consolidation, without a genuine trend change, and Ethereum and many altcoins are generally also in a sideways phase. Currently, the market is dominated by news, indicating that it is waiting for how the Americans will respond after the tax pause period ends tomorrow. Therefore, I personally believe that the short-term approach should focus on short-term trading.
Buy the dip on 3 altcoins that may increase tenfold!
1.DOGE
In recent months, Dogecoin has remained relatively calm, but recent on-chain data presents a different picture. While many retail investors are withdrawing, large holders are steadily increasing their positions, and strong support levels continue to hold. These signals suggest that a significant move for Dogecoin is brewing. Some analysts believe a breakout is imminent, and its scale may far exceed expectations, potentially making Dogecoin the next explosive cryptocurrency.
Santiment's on-chain data shows an increase in the number of wallets holding between 1 million and 100 million DOGE. This indicates that large whales are accumulating DOGE at discounted prices, a situation that typically occurs before significant price fluctuations. Additionally, the trading volume exceeding $100,000 and even $1 million has also increased during the same period.
From a technical perspective, Dogecoin recently broke through its 26-day moving average, a level that had been difficult to surpass during the decline in June. The coin has risen by 2.97% in the last 24 hours, and trading volume is also increasing. Its RSI is currently at 51, indicating that it has moved out of the oversold region into a more stable range. Key resistance levels are between $0.19 and $0.20, with the next round of resistance expected at the 50-day and 100-day moving averages.
Dogecoin is mimicking a long-term pattern that has been in place since 2014. In past cycles, Dogecoin formed bottoms in 2015, 2020, and 2023, then set higher lows before beginning to rise.
2.AAVE
Aave's price has consistently remained above the 50-day moving average and plays a key role in the DeFi sector, continuing to rise. Whale wallets are accumulating, and exchange reserves are rapidly declining. On Monday, July 7, AAVE was trading at $285.62, up 150% from its April low. This increase has brought its market cap to $4.33 billion, with daily trading volume exceeding $417 million, marking a significant rebound for Aave.
Whale holdings have increased by 3.4% in the past 30 days, totaling 198,535 AAVE tokens. This growth indicates bullish expectations from large investors. Santiment also shows that the supply of this token on exchanges has dropped to 2.9 million, the lowest level since February 2021. This number is below the high point of 4.53 million in November 2023, as investors continue to convert assets into self-custody.
Aave's leading position in the DeFi market remains its decisive advantage. According to DeFi Llama, its total locked value grew by 9% over the past month, exceeding $116 billion. Aave's total revenue surpassed $233 million, generating $3.5 million in profit in just one day, highlighting the strength of its profitable ecosystem.
These indicators support the view that AAVE could become the next explosive cryptocurrency, especially if whale accumulation and investor sentiment continue to rise as exchange reserves decline.
3.NEIRO
Unlike DeFi protocols or Layer-1 chains, Neiro does not aim to solve technical issues. Its real solution is community-focused, revitalizing meme-coin culture. After the early meme-coin crash, it has provided a trustworthy decentralized environment by eliminating centralized team control and reinvesting in NFT token placements, DAO products, charitable initiatives, and a plan focused on storytelling, user engagement, and even a mobile application ecosystem.
NEIRO combines the characteristics of meme coins with a strong community structure, making it one of the most noteworthy meme coins at present. These community structures include decentralized governance through DAOs, zero taxes, no developer liability, and engaging real-world elements such as charitable initiatives and merchandise sales. Although NEIRO's stock price has fallen by about 60% this year, it has risen an astonishing 185% since its initial coin offering (ICO), reflecting its tumultuous journey.
Despite the token's price being down over 86% from its historical high of $0.003 in November 2024, it has outperformed several other tokens in the past seven days, with an increase of about +11-14%. Its high volatility indicates frequent price fluctuations.
The Neiro team is working to transform itself from a 'meme' into a popular brand. They plan to deploy a complete ecosystem, including physical brand expansion, DAO improvements, and the release of mobile applications. In addition to enhancing liquidity and operational depth, collaboration with well-known Web3 market maker DWF Labs has also pushed Neiro's price up nearly 5%. Furthermore, the token's integration with CCIP and Chainlink Price Feeds has enabled secure data transmission and cross-chain data exchange.
Brothers, quickly gather in the chat room:
Click to join the chat room, with occasional giveaways of surrounding red packets! Red packets sent!