Bitcoin continues to oscillate and adjust at the 4-hour level, and is expected to rise further. By the end of this week, the adjustment should be coming to an end; Ethereum was just shy of $4000, but then began to retrace. After rising for so long, a pullback is quite normal, but altcoins suffered; when the market adjusts, altcoins immediately plummet.
Currently, altcoins have not reached a stage of large-scale explosion; priority should be given to some high-quality leaders that are continuously being bought by off-market funds. The remaining altcoins will only see a price surge when the market fully FOMO's; on-chain #meme, apart from vine these past few days, really doesn't have many good targets, so let's continue to observe and patiently wait. Innovation and narratives will definitely come, and we can keep an eye on BRC2.0, RGB, etc.
ADA
ADA still has the opportunity to continue challenging $1, and even the higher $1.2 area (which is a key area of concentrated chips on a larger scale).
On-chain data shows that addresses holding between 10 million to 100 million ADA have been continuously accumulating since the beginning of the year; while addresses holding between 100 million to 1 billion began accelerating their accumulation since October last year, and have remained stable this year without any significant selling actions. Considering both technical aspects and on-chain data, the overall trend still looks upward, with no large-scale chip selling occurring.
$OMNI
OMNI recently broke through a long-term downward trend, with the first green K-line appearing on the monthly chart, and an increase of up to 93.75% within the month, with trading volume reaching 123.9 million on Binance. Additionally, the price has broken through key resistance levels and flipped to support levels, so go long on $omni at the current price of 2.63! Set a stop loss at 2.3 and target 3.2! The family has also gone long! Waiting for a big surge!
ETH
There are signs of a bottoming out in the lower timeframes. Besides the appearance of a doji, a descending wedge has formed, and the price has retraced to the MA120 support line. Therefore, I decisively suggested going long near the low of 3730, and currently have made a profit of fifty to sixty points. Continue to hold, looking for a short-term rebound.
USD1
CCTV reported on the stablecoin USD1, and some have mentioned that USD1 will soon go on Solana. I want to say that it doesn't feel like pure payment; it's a stablecoin + speculation moving forward simultaneously. The two advisors of WLFI also have quite obvious backgrounds, one issuing coins on Ethereum and the other supporting Solana projects, issuing coins with one hand and leveraging narratives with the other, while casually opening up some ecological projects. If the rumors are true, USD1 is not just about building payment infrastructure; it's about packaging speculation tools + trading channels. Coupled with Trump's endorsement and CCTV reports, the speculative space for this theme may far exceed traditional stablecoins.
In other words, this is not the kind of safety and stability like USDC; this is a dollar proxy + on-chain harvesting + political halo. As soon as WLFI opens up, a bunch of DeFi and GameFi on Solana may start revolving around it. Whether to speculate or not is another matter, but this narrative is taking shape, so we need to pay attention to who gains momentum first.
