The cryptocurrency market enters the new month with a steady posture, and its resilience is noteworthy after a strong start at the beginning of the month. Although short-term fluctuations and pullbacks cannot be ruled out, this precisely provides astute investors with a rare opportunity to position themselves, waiting for the next round of explosions.
Recently, several altcoins have quietly embarked on a journey of value recovery. Although some currencies are still in a correction range from a monthly perspective, market analysis generally believes that their upward potential should not be underestimated. A key indicator is Bitcoin's market dominance—if signs of loosening appear, it may very well ignite the 'altcoin carnival season'.
Leading the charge: Value return and technical breakthroughs
01 Ethereum (ETH): The path of the king's return becomes clearer
As the market leader, ETH is steadily marching towards a key psychological price level. I remember when it hovered around $1,700 in April, the market had high hopes for it to hit $3,300. Now, months later, this target is within reach, and its steady ascent has injected strong confidence into the entire altcoin camp.
02 Sui (SUI): Strong breakout, pattern initially established
SUI has recently performed brilliantly, successfully breaking through the key resistance area around $3. The market is closely watching whether this area can effectively transform into a solid support platform. Its price trend is stable, consolidating above key technical levels, with upward potential worth looking forward to.
03 Sonic (SONIC): Form building up, waiting for an explosion
SONIC is outlining a classic ascending triangle pattern on the chart, which is typically a signal for bulls to gather strength and prepare for a breakout. If it can successfully hold the support line at $0.35, its price is expected to achieve a leap forward, targeting the $0.50 mark, with a potential increase of an astonishing 40%.
Dormant forces: Value gaps and late-blooming potential
04 Toncoin (TON) & Avalanche (AVAX): Temporary laggards?
Currently, TON is striving to return to the symbolic $3 threshold. The market consensus believes that only by successfully breaking through this level can confidence be restored and new funds be attracted. Before this, its pace has seemed somewhat sluggish.
05 AVAX has recorded a significant increase of about 129% from last year's low.
However, its price still hovers in a relatively low range. Analysts point out that this 'low profile' may be nurturing great elasticity, and its subsequent rebound potential should not be overlooked.
06 Render (RNDR) & Fetch.ai (FET): Technical indicators send a strong signal
RNDR has recently shown strong resilience, rebounding strongly from the key support area, aiming for annual highs. If it can successfully break through, it means its price may achieve an astonishing leap of up to 80% from the current base.
At the same time, FET's technical chart is also sending positive signals—its price is attempting to break through an important descending wedge pattern. Once a valid breakout is confirmed with accompanying volume, its potential upward space will be even broader, with increases possibly exceeding 170%.
Market focus: Key data and expectation game
Investors are holding their breath for tomorrow's release of the US CPI and core CPI data, which is widely expected to show a downward trend. The release of such key macro data has historically been a catalyst for sharp market fluctuations and provides a potential stage backdrop for altcoin performances.
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