Isn't the recent market a bit interesting?🔥#币安八周年
Many crypto enthusiasts have started focusing on three potential coins: PENGU#pengu , Cardano (#ADA ) and Solana (#sol ).#SECETF审批
These three players each have their own stories and bullish signs. Today, let's take a look at what they've been up to lately and whether there are short-term entry opportunities👇.

🐧 PENGU: After a strong breakout, is the target aimed at 0.044 USD?

Let's first talk about Pudgy Penguins [PENGU], this 'penguin' has been quite active recently!
In terms of technicals, it just successfully broke through an ascending triangle pattern and has stabilized above the key support level—this is a typical display of strong structure!

Here comes the key point👇

  • After multiple rebounds on the trend line, it still remains stable, indicating strong bullish intent💪.

  • The technical target is aimed at 0.044 USD; as long as the structure is maintained, the market is expected to continue rising!

More importantly, the funding situation is also cooperating well:

🔹 Over 1.08 million USD flowed into the spot market, indicating that large funds have entered the market!

🔹 Social discussions have also warmed up, increasing from 0.18% to 0.30%, the heat is back🔥.

🔹 According to the trading volume bubble chart, the spot trading volume has entered the 'warming' phase, indicating increased participation.

The only thing to note is: although the long/short ratio is relatively healthy (1.03), the funding rate is still negative, indicating that the long position's cost is slightly higher, making it a bit challenging in the short term.

However, this usually also means a large rebound potential, after all, we've seen too many stories of 'turning the tide'!

🧠 ADA: Cardano is preparing to challenge 1 USD; the key lies at these two positions!

Let's take a look at an old friend, Cardano (ADA), this coin has been quite interesting recently.

Currently, the price is around 0.59 USD. Although it's still short of the 1 USD peak in March, it has increased by 6.6% over the past week, and sentiment is gradually recovering📈.

Technical highlights:

A descending wedge is forming, which is usually a reversal signal;

MACD and RSI are both in an upward trend, and bullish sentiment is gradually strengthening; if it breaks above 0.605 USD, the next target is 0.73 USD.

Moreover, a piece of news from July 8 could become a small explosion point:
The Cardano Foundation launched an enterprise-level financial reporting platform, Reeve, allowing institutions to publish tamper-proof financial data on-chain. This 'practical' implementation is quite attractive to institutional investors📊.

⚠️ Things to note: Whales recently sold over 170 million ADA, indicating general lack of confidence among large holders. If ADA cannot hold the 0.54 USD support level, it may pull back to 0.50 or 0.44 USD in the short term.

⚡ SOL: Is a triangle breakout imminent? Is 160 USD just the beginning?

Finally, let's take a look at Solana (SOL), which is also an old acquaintance. This coin has recently been quite 'pent-up'—just on the edge of breaking through!

The news aspect also has a boosting effect:
🔹 Recently, the Solana staking ETF (launched by Rex Shares) was just released.
🔹 Technical support is also clear, with 147 USD being a key support level; holding this level could be promising.
🔹 Analysts generally believe that as long as BTC doesn't falter, SOL reaching 200 USD is just a matter of time⏳.

✅ Summary: The market is showing signs of improvement, but it should be viewed rationally📌.

Three popular coins are currently each at a 'breakthrough critical point':

  • 🐧 PENGU's technical structure is stable + funds are entering, clear short-term bullish signals.

  • 🧠 ADA's trend is slowly recovering, with corporate benefits + technical reversal; key support must be held.

  • ⚡ SOL is poised for takeoff, the key is whether the triangle can break out with volume.

However, as usual: the market is never a one-sided straight line. For short-term trades, remember to set stop-losses and don't chase highs too aggressively. Opportunities in the crypto world are abundant every day; staying alive is the most important thing😉.

✍️ DYOR, manage risk well, and may everyone set sail in the crypto world!🌊

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