The bull market has not yet arrived, stories continue, and the crypto world is never short of drama. #加密市场回调
On the one hand, Shiba Inu #SHIB is working hard to get rid of the 'joke coin' label and trying to move towards a real 'practical economy'; on the other hand, Pump.fun (#pump ) made the shorts cry and run away with repurchases and rebounds; on the other hand, Bitcoin is accumulating power at a high level, while #xrp is quietly repairing the technical structure like a steady eldest son. As for #PEPE ? It recently gave a whale a suffocating slap in the face... directly losing millions of dollars.
Yes, the crypto market is still the casino you are familiar with, with emotions, technical aspects, narratives, whale behavior, and regulatory rumors intertwined. Today, let's take a 'multi-currency panoramic view' to see who is the real 'rebound king' and who is playing the script of ' Thanos-level destruction ' that is difficult to escape the quagmire.
Whether you are a 'diamond hand' holding coins waiting to rise, or a spectator who doesn't mind the excitement, don't blink, today's market may be the starting point for your next FOMO.
🐶 SHIB: Can the half-cent dream still be pursued? 🐶🔥
First, let's talk about old friend - Shiba Inu (SHIB).
Supported by countless 'millionaire dreams', Shiba Inu (SHIB) has always been one of the crypto totems in the hearts of retail investors. But the question is: is it really possible to rise to $0.005?
First, take out the calculator and see the cost of this dream. There are currently as many as 589 trillion SHIB tokens in circulation. If SHIB really rises to $0.005, its market value will be as high as $2.94 trillion - this value is not only more than the current total of Bitcoin and Ethereum, but also enough to compete with global technology/energy giants such as Apple, Microsoft, and Saudi Aramco.
In other words, if SHIB wants to achieve the 'half-cent freedom dream', it has to absorb the funds of the entire coin circle and half of the stock market.
Reality Obstacle: There are too many supplies, and no matter how much you burn, it is not enough 🔥
Although the SHIB community continues to destroy tokens (through the automatic destruction mechanism of transaction fees on the Shibarium network, as well as the community's voluntary manual destruction), facing the total amount of nearly 600 trillion, it is like taking a paper cup to scoop seawater.
As of now, approximately 410 trillion SHIB tokens have been burned by Vitalik Buterin, which is indeed an amazing number, but even so, it is still far from enough to support that 'half-cent fantasy'.
But SHIB is also evolving, not just a meme 🎯
The SHIB project is trying to transform into a multi-chain ecosystem, which not only includes:
Shibarium Layer 2 Network: Has 1.4 billion transactions, promising low fees and high efficiency;
ShibaSwap: Decentralized Exchange;
BONE and LEASH: Functional tokens, used for governance and ecological incentives respectively;
SHIB: The Metaverse: Metaverse space under development;
AI Project + Layer 3 Privacy Network: Future Planning.
Summary:
$0.005 dream? Not impossible, but in reality it is equivalent to a major change.
If you are not holding it for a long time, then you have to operate according to the technical aspects, don't blindly chase the high.
🧨 Bear Market Trap or Reversal Start? SHIB price shows the classic technique of 'false fall and true pull'
Don't rush to sing down on SHIB. Just when the shorts thought it was going to be completely 'halved', it suddenly made a 'return shot'.
Recently, SHIB has fallen below the key support level of $0.000012 and once fell below the 50-day moving average. The technical aspect shows a 'crash' trend. Many shorters smelled the opportunity and increased their short positions.
However, just a few minutes later, SHIB strongly pulled back, quickly recovered the support level, and re-stood on the 50-day moving average. This 'false breakthrough' behavior is called 'shakeout' or 'washing out weak hands' by the market.
Currently, SHIB's short-term resistance level is concentrated in the $0.00001339 – $0.00001350 range. Once broken through, bullish sentiment may further increase. The support level is still around $0.000012.
🎯 Technical Tips:
Volume recovery
Momentum indicator turns positive
The bulls are preparing for the next round of testing
So friends who are shorting SHIB, remember to wear your helmets.
🎈 Pump.fun: Resurrected from the edge of death, repurchase frenzy, whale entry, is the meme market really returning?
Let's talk about the recently 'reborn' meme star: Pump.fun (PUMP).
PUMP fell sharply from a high of $0.00689 in mid-July, once plummeting 66% to $0.0023. Many people thought it was over. Just when everyone thought it was going to bottom out, the price suddenly rebounded by 30%+, easily breaking through key resistance levels, and was accompanied by large whale purchases and platform repurchase increases. The technical aspect also showed a rare 'bullish structure'.
Let's briefly review this wave of 'PUMP horror story' first
On July 14, Pump.fun was officially launched.
Two days after launch, the price soared to a high of $0.00689, with an increase of +70%, triggering market speculation.
Then... the plunge began. In just ten days, the price fell all the way to $0.0022, a drop of 66.58%, and many early buyers were tragically 'trapped'.
The fuse that caused this sharp drop included:
Large holders quickly cash out;
PUMP airdrop delay;
Lack of fundamental support, causing retail investors' confidence to collapse.
But this is one of the 'classic preludes' of the coin circle: sell-off + cold reception + emotional trampling, and then, enter the 'rebound Easter'.
Strong rebound: PUMP tells the market 'I am still alive' with a 30% increase 🔥
Since the low point on July 29, PUMP has begun to rebound significantly.
Tested the $0.0024 - $0.0029 range multiple times within a week;
First breakthrough of the key short-term resistance of $0.003 on July 31;
Reached a high of $0.0032 in early August and stabilized above $0.003;
The technical aspect has formed a three-step structure of 'breakthrough + pullback confirmation + rise', and bullish sentiment is gradually strengthening.
🎯 Technical indicators are also on the side of the bulls:
OBV (On Balance Volume) hits new highs, meaning there is actual capital support behind the volume;
The RSI indicator remains at a high level, showing that the bullish power has not diminished;
If it breaks through the $0.0036 - $0.00378 resistance zone, the short-term target may point to $0.0040 or even higher.
The repurchase frenzy is here: the platform enters the market to 'make the market', and the whales 'sweep the goods' simultaneously 🐋💸
This rebound is not only the result of market sentiment fluctuations, but also supported by actual actions - Pump.fun platform's large-scale repurchase of tokens.
📌 Key data is as follows:
Since July 16, Pump.fun has started transferring funds from the fee wallet to the 'repurchase address';
As of the end of July, the platform had transferred a total of 187,770 SOL (approximately $30.53 million);
Actually repurchased 3.828 billion PUMP tokens, costing approximately $21.5 million;
On July 30, even directly used 98% of the platform's revenue for repurchases!
The community exclaimed after discovering it: 'This is the memecoin version of the Fed's 'unlimited QE'!'
🐋 Even more fierce, the whales are here too
According to on-chain data platform Lookonchain disclosure:
A large holder who had previously lost as much as $125,000 due to PUMP 'killed back to the battlefield' at the end of July and heavily bought $3.16 million worth of PUMP at a purchase price of approximately $0.00297.
This wave of operations obviously gave the market a 'shot in the arm'.
However, some community members also raised questions: 'The repurchase plan looks very strong, but it is not stable enough.'
💬 An X user commented:
'The first day was a $10 million repurchase, then it suddenly stopped, and then it resumed... this discontinuous rhythm looks like 'testing the market reaction' rather than a real long-term strategy.'
The synchronous recovery of Bitcoin and Ethereum is also the 'background music' 🎵 for PUMP's rise
It cannot be ignored that PUMP's rebound is not an isolated event.
Bitcoin (BTC) strongly rebounded from $115,800 to $118,900;
Ethereum (ETH) also rebounded 1.47% from the $3,700 support level;
The overall crypto market is recovering, and risk appetite for risk assets is rising.
In this context, PUMP, which had been forgotten by the market, took advantage of this easterly wind to complete a technical breakthrough.
Is now a buy point? Is PUMP worth FOMOing? 🤔
To answer this question, let's break it down from a trading logic perspective:
✅ Short-term view:
The current structure is clearly bullish;
The $0.0029 - $0.0030 area is a good pullback demand area;
The technical target position is $0.0036 - $0.00378 above;
After the breakthrough, it is expected to challenge the previous high of $0.0040.
❌ But risks should not be ignored:
The repurchase rhythm is uncontrollable, which can easily lead the market into a cycle of 'speculating on expectations and selling facts';
The airdrop plan has not yet been implemented, and there are insufficient bullish catalysts;
Meme coin sentiment is extremely easy to reverse, and whales can also pull the market and then smash it;
Fundamentals are weak and value support is limited.
📌 Summary in one sentence:
If you are a short-term trader, pay attention to the pullback opportunity near 0.003, you may get a wave of 'technical rebound dividends'. But if you are a medium and long-term investor and have no faith in the project's ecology, don't be swayed by emotions.
🌊 XRP's stable rebound may be worth watching
Although XRP has performed flat in the past few weeks, it has recently begun to show reversal signals.
Its price stopped falling and rebounded in the $3 area, with clear support from the 26-day EMA, showing a trend of forming higher lows.
📈 Key observation points:
If it can break through $3.3 – $3.4, it is expected to challenge the $3.7 high in the short term
If it falls back, the $2.6 – $2.3 area is the next support zone
Currently, the market has not panicked due to the pullback, and most traders are still in a wait-and-see state. As BTC's trend becomes clear, XRP may be the next beneficiary.
🐸 The cost of PEPE trading: Whales lose $1 million
Finally, let me tell you a 'heart-pounding' story.
Famous trader James Wynn lost more than $1 million due to a high-leverage long position on PEPE, which liquidated in a 6.31% drop in the token.
This 'old acquaintance' on the Hyperliquid platform bet on PEPE's surge, but was taught a lesson by the market. After the incident was exposed, he only had $14,850 in collateral left in his account.
💡 Lesson One: Leverage is a double-edged sword, use it well and it's a rocket, use it poorly and it's a guillotine.
💡 Lesson Two: Although memecoins are lively, don't entrust your fate to Twitter hot searches.
🟠 BTC pullback does not change the trend, will the shock break through soon?
Don't be attracted by memecoins and forget that the trend of the market leader - Bitcoin (BTC) is also brewing a big market.
Entering the first day of August, the overall sentiment in the crypto market has cooled down. The price of Bitcoin (BTC) is currently running near $115,600, a decrease of about 2.4% compared to the previous day, and has not continued its previous upward momentum. The intraday fluctuation range is between $114,791 - $118,891, showing a typical high-level consolidation trend, the fluctuation range is significantly narrowed, and the market has temporarily entered a 'wait-and-see mode'.
📉 Seasonal factors + macro disturbances: pullback meets expectations
Data shows that August has never been Bitcoin's strongest month. In the past 12 years, only 4 years have recorded positive returns. Historical patterns indicate that this month is more likely to see sideways or volatile trends.
In addition, the recent overall pressure on the US stock market and the impact of Trump's new round of trade tariff policies on market expectations have led to a synchronous adjustment of global risk assets. Although Bitcoin is a 'resistance to decline asset', it is inevitably affected.
🔍 Structural analysis: The upward structure remains, and the current is a healthy pullback
From a structural point of view, since BTC started rebounding from a low of $98,188, it has still maintained an overall large-cycle upward channel. Although this round of decline temporarily broke through the $118,000 support level, it does not constitute a trend reversal.
This situation is like a pressure cooker model: the price continues to accumulate energy within the range. An upward breakthrough will be very strong, but if the support is lost, it may also trigger a sharp decline.
Summary: The story of the coin circle, half depends on logic, half depends on magic 🧙♂️
Let's review this wonderful crypto drama:
SHIB's 'half-cent dream' seems out of reach, but the team and community are still working hard to advance it.
PUMP then staged a 'resurrection from the dead' with a wave of operations, but the risks behind it are still not small.
BTC/XRP is standing on the eve of a storm, the next step may be an outbreak or a retest.
PEPE gave all high-leverage players a vivid lesson.
So, how do you play in the coin circle?
Don't easily believe in 'doubling myths', especially for projects that already have a large market value;
Look at the structure before investing, don't be swayed by the emotions of social media;
High leverage is not courage, it is gambling;
Maintaining awe and doing a good job in position management is the secret to living long in the coin circle. ⛑️
Finally, whether you are a memecoin enthusiast or a DeFi researcher, don't forget this old saying:
'One day in the coin circle is one year in the world.' Stay calm and be cautious about FOMO.
May we all be not just spectators, but winners when the next bull market comes. 🚀💰
📢 If you think this content is valuable, welcome to share it with your friends in the coin circle, remind and encourage each other, and avoid pitfalls and harvest more on this crypto highway! 📲🔥
The coin circle changes quickly, and opportunities and risks coexist. Learning to enter and exit the market strategically and protecting your principal is the key to steady progress and harvesting wealth and growth. ✍️
Remember to DYOR, do a good job in risk control, and wish everyone a smooth sailing in the coin circle! 🌊
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