Friends in the cryptocurrency circle! The crypto market has been exceptionally lively lately, from the new hit on #solana to the traditional classic Stellar #XLM , and then to the technology-driven #sui . These three main lines are igniting investors' passion simultaneously 🔥. Today we will discuss the latest trends and the exciting key data behind these coins to help you seize opportunities without getting lost. #美国加密周
Dogwifhat (WIF) is surging fiercely, with a market cap exceeding $1 billion. Can it continue to rise? 🐶🎩
Let's first talk about the recently trending Dogwifhat, abbreviated as WIF. This is a memecoin based on the Solana chain, with its price recently soaring about 10% daily, reaching $1.05, and its market capitalization surpassing an astonishing $1.05 billion. Yes, it's that 'dogecoin' relative with a hat, suddenly becoming the market's 'dark horse'.
Why is WIF so popular?
On the one hand, overall market sentiment is good, especially as the coin price broke through key resistance levels, quickly activating investor interest. CoinMarketCap data shows that WIF's 24-hour trading volume surged by 83.89%, reaching nearly $600 million. This explosive trading volume indicates that a large amount of capital is flowing in and out.
Not only that, but the derivatives market is also heating up.
CoinGlass data indicates that WIF's open interest has surged by 8.42%, approaching $500 million, with buying and selling power slightly favoring bulls (long/short ratio 1.014), indicating bullish sentiment among investors.
Interestingly, liquidation data reveals a clear advantage for bulls — the long liquidation amount reached $18.17 million, while the short liquidation was only $2.64 million, indicating strong confidence among bulls and caution among shorts.
How does the technical aspect look?
According to AMBCrypto's analysis, WIF has broken through the downtrend line and successfully turned this former resistance into new support. More importantly, its daily closing price is firmly above the 200-day exponential moving average (EMA), which is a 'golden signal' in technical terms, indicating a potential explosive rise ahead.
The chart on TradingView gives an optimistic forecast:
WIF is expected to rise 30% in the upcoming market, with the next important resistance level set around $1.40. The relative strength index (RSI) is currently at 62, indicating that there is still room for price increases and it is far from being 'overbought'.
To summarize
All trading volume, open interest, long and short liquidations, and technical indicators point to WIF having another wave of strong upward momentum, but the premise is to hold the EMA support level and not let investors start to take profits on a large scale.
After a strong rebound in Stellar (XLM), are the bulls getting a bit tired and needing a breather? 🌟
After discussing the 'hot' WIF, we turn to the more 'established' altcoin — Stellar (XLM). Over the past week, XLM's price has more than doubled, with a gain of 109.7%, challenging the early 2025 high of $0.515. To be honest, this surge feels like riding a rocket, making many bulls earn a lot.
The leader of the altcoin market, Ethereum [ETH], is also expected to rise further. AMBCrypto reports that structural divergence may lead ETH to climb to its all-time high by the end of the year.
However, after such a sharp rise, buying enthusiasm is gradually waning, and the bulls seem a bit 'exhausted', making a slight price pullback inevitable.
XLM's structure still looks robust
From TradingView's weekly chart, XLM has maintained a healthy upward trend overall. The first bullish breakout in May and the higher low support in June indicate that buying pressure has not weakened.
From the recent rise from $0.216 to $0.516, we conducted a technical analysis using Fibonacci retracement levels. Even if a pullback occurs, as long as it does not break the key support at $0.28, the weekly bullish structure remains solid. The actual drop is unlikely to be that deep, and the demand area around $0.364 is likely to become a good buying opportunity.
How do the technical indicators and market sentiment perform?
The A/D ratio (accumulation/distribution) on the daily chart has hit a new high, with strong capital inflows; the CMF indicator also remains above +0.05, indicating active inflow of bullish funds and limited short-term pullback pressure.
However, CoinGlass's liquidation heatmap shows that liquidity is concentrated in the southern market (between $0.395-$0.445), which easily triggers long liquidations, while there is also liquidity clustering at $0.51 to the north, meaning prices are likely to fluctuate near these two 'magnetic zones'. Investors should be cautious when entering and manage risks well.
Sui's price surged 10%, boosted by the dual good news of tBTC launch and ETF updates ⛓️💎
Finally, let's talk about the Layer 1 newcomer — Sui. On July 14, SUI's price once surged over 10%, skyrocketing from $3.44 to $3.99, then slightly retraced, currently stabilizing at $3.84. The trading volume within 24 hours broke through $2.3 billion, showing extremely strong market attention.
The key catalysts behind this recent surge are twofold:
tBTC officially launched on the Sui chain. Sui is the first non-EVM chain that can directly mint Bitcoin assets (non-wrapped tokens), and this technological breakthrough significantly enhances Bitcoin's efficiency and liquidity in the DeFi ecosystem. In just a few days since launch, about $500 million of Bitcoin liquidity has entered Sui's native protocols, such as Bluefin and AlphaLend, accounting for 10% of its total locked value (TVL).
Progress in the approval of SUI-related ETFs in the U.S. The spot SUI ETF application submitted by 21Shares to NASDAQ is under review by the U.S. SEC. Although it has not yet been finally approved, this already shows a high level of recognition for Sui from institutions. This year, European ETP products based on SUI have seen inflows of over $300 million, indicating that international capital is paying attention to the Sui ecosystem.
Sui's technological advantages and market performance
Sui's parallel execution engine can process nearly 300,000 transactions per second and can distinguish between simple transfers and complex smart contracts, achieving near-instant settlement through a 'fast path'. This means that Bitcoin holders can use Sui for lending and leveraged returns, avoiding congestion on the Ethereum network and sporadic performance issues on Solana.
From the TVL data, Sui has grown over 200% this year, reaching $12.29 billion, with May's stablecoin trading volume reaching $110 billion, indicating that its infrastructure has withstood the test of real payment demands.
Although the current price is still 28% lower than the historical high of $5.35 at the beginning of the year, considering its supply dynamics — only 33% of the 1 billion tokens are in circulation, with the rest locked until 2030 — Sui's potential remains substantial.
In summary: the bullish rhythm is clear, there are plenty of investment opportunities, but risks should not be ignored ⚖️
Dogwifhat (WIF) is expected to continue rising sharply in the short term, aiming for a price target of around $1.40, and investors need to pay attention to the EMA support level, being wary of profit-taking risks.
Stellar (XLM) has experienced a significant rebound, but bulls seem a bit fatigued and may face a slight pullback in the short term, with an ideal buying point around $0.36, while maintaining the weekly bullish structure is key.
Sui benefits from a dual push of technological innovation and institutional capital, with confidence stemming from the launch of tBTC and ETF approvals driving prices to new highs, and its long-term prospects are generally optimistic.
Overall, the 'bull market rhythm' in the crypto market is gradually unfolding, with hotspots constantly emerging and liquidity strong. Opportunities and risks coexist, so while chasing profits, don't forget to manage your positions and risks reasonably; don't blindly chase highs, and don't miss potential breakout points! 🚀🐾✨
✍️ DYOR, manage risks well, and may everyone set sail in the crypto world! 🌊
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