Overall market trend
The cryptocurrency market has recently shown a complex situation. Bitcoin and Ethereum spot ETFs are continuously seeing net inflows, indicating that institutional funds are actively allocating, but market volatility is at historically low levels, necessitating caution against sudden risks. The U.S. PPI data exceeded expectations, leading to a cooling of interest rate cut expectations and triggering a short-term pullback. The Ethereum ecosystem is active, with Solana stablecoin USD1 starting minting. Regulatory dynamics (such as new rules from the Hong Kong Securities and Futures Commission) and security incidents at exchanges (such as BtcTurk being hacked) also affect market sentiment. Overall, the process of institutionalization is accelerating, but high leverage and speculative behavior still pose risks.
Mainstream coins
$BTC
Currently fluctuating in the 115K-120K range, with significant liquidity accumulation. A weakening DXY and continuous institutional buying (such as MicroStrategy) provide support, but caution is needed regarding selling pressure from large transfers into exchanges. In the long term, the halving cycle and ETF demand continue to support the bull market, with short-term attention on breakout direction. It is recommended to accumulate on dips, and if a breakout above 120K occurs, increase positions.
$ETH
Recently performed strongly, with continuous inflows of ETF funds, evident whale accumulation, and technical breakthroughs of key resistance levels. However, caution is warranted regarding the selling pressure from 785,000 ETH waiting to be unlocked. If the previous high of 4800 dollars is broken, it could reach the 7000-9000 dollar range. Short-term pullbacks can be viewed as buying opportunities, but attention should be paid to the influence of BTC movements on ETH.
$BNB
Breaking new highs, the ecosystem closed loop + deflationary mechanism (annualized 3.5%) supports long-term value. Institutions continue to increase holdings (such as BNB Network acquiring 88,888 coins), combined with the opening of regulatory compliant U.S. stock channels, bullish outlook to $1000. In the short term, focus on the catalytic opportunities brought by the new high in TVL and the increase in DEX trading volume.
Popular coins
Recently, there has been strong capital inflow, with bridging funds reaching $5.2 billion, a historic high, and large purchases are frequent (such as Arthur Hayes and anonymous whales). However, caution is warranted regarding volatility risks, as Hayes had previously sold at high positions. The token mechanism is relatively harsh, and the team will buy back during liquidation. Short-term bullish, but long-term needs to observe the movements of large holders and the stability of the protocol.
Recently performed strongly, with rapid ecosystem development. The strategic cooperation between Momentum DEX and DeAgentAI will promote AI + DeFi innovation, enhancing ecosystem value. Grayscale Trust supports the entire Sui ecosystem, indicating institutional confidence. After a short-term pullback, if the 3.8U support is maintained, it is expected to rebound to 5U. Attention should be paid to airdrop opportunities for ecosystem projects.
Recently showed strong performance, with TVS reaching new highs and reserve mechanisms promoting deflation, institutions are accelerating adoption. Technically, with a 48% increase and high trading volume, a short-term pullback is possible but bullish in the medium to long term. Accumulate on dips, target price $100.
$PENGU
Recently launched a zero-fee trading activity on the MEXC platform, which may attract capital inflow in the short term. The technical aspect shows that 0.045 dollars is a key resistance level, and a breakout could accelerate the rise. However, caution is needed regarding the overall volatility risk in the NFT sector; if the market stabilizes, it is advisable to accumulate on dips.
$XRP
Recent performance has been stable, with a 7-day increase of 6.28%, currently priced at 3 dollars. The key support level is 2.74 dollars, with no resistance above, targeting 3.8-4.47 dollars. Ripple's CEO revealed that the XRP spot ETF may be approved in October, potentially serving as a breakthrough catalyst. As a leader in cross-border payments, compliance progress boosts market confidence. Short-term focus on ETF developments and 3 dollar support.
$AVAX
Recent volatility has been significant, rebounding from $23.1 to $25.6 (+10.6%), indicating short-term trading opportunities. In terms of ecosystem, Avalanche's strategic officer hinted at the launch of DATs (Decentralized Application Tokens), which may bring a new narrative. However, attention should be paid to the selling pressure from the unlocking of 1.67M tokens. Progress in RWA (such as Bowmore whiskey NFTs) is a long-term positive. Short-term support is at $23, and a breakout above $25.6 could see $27.
$TIME
As the settlement token of Bless Network, it has recently attracted market attention due to the approaching deadline for airdrop registration (8.19). Its DePIN + AI track positioning and the background of $8 million financing support the fundamentals, while short-term airdrop expectations may bring volatility opportunities. However, attention should be paid to the selling pressure risk after TGE when exchanging $TIME for $BLESS. Current market sentiment is slightly bullish, but caution is warranted regarding potential drops after the snapshot.
$TON
Recently performed strongly, with booming NFT sales and continuous expansion of the Telegram ecosystem. Technically, trading volume on the TON chain has doubled, and active users have surged, indicating strong demand. With the integration of USDT and compliance advantages, TON is expected to continue rising. Short-term focus on trading opportunities from the MEXC zero-fee activity, medium to long-term view on ecosystem development. It is recommended to accumulate on dips.
The above information is automatically generated by @xhunt_ai and does not constitute investment advice.