Overall market trend
The current cryptocurrency market is overall showing a trend of oscillation and adjustment. Bitcoin oscillates in the range of $112,000 to $117,000, and Ethereum's support is at $4,100 to $4,300. The market is focused on the Federal Reserve's policy direction, with a 92.1% expectation of interest rate cuts in September. The DeFi sector is performing strongly, with tokens like LINK rising against the trend. Institutional funds continue to flow in, but leverage accumulation increases market fragility. Short-term attention should be on Powell's speech at Jackson Hole, which could become a key catalyst for directional breakthroughs in the market.
Mainstream coins
$BTC
Short-term pressure, 4H level bears dominate, attention needed on the 108.8K-110K support range. However, institutions continue to increase holdings (Metaplanet repurchased 775 BTC), and the potential price of 124K will liquidate $6 billion in short positions, still looking optimistic for the medium term. If support holds, a rebound can be positioned; a break may pull back to 105K.
$ETH
Short-term bearish pressure is evident, targeting the range of 4200-3939. However, institutional short accumulation may trigger a short squeeze rebound. The fundamentals are strong, with L2 ecosystem and AI data protocols (such as Sapien) continuously expanding, looking bullish in the long term. Current volatility is suitable for swing trading, and a break below 4300 can be used for gradual accumulation.
$SOL
Short-term pressure, Bitget suspending PYUSD-SOL withdrawals has raised liquidity concerns, but institutional holdings account for 1.03%, showing long-term confidence. If the trendline support holds, a rebound to $200 can be expected. Pay attention to the volatility opportunities brought by SOL ecosystem incentives and futures launch.
$BNB
Recently performed strongly, with significant institutional accumulation, BNB Network Company has purchased 288,000 BNB (approximately $239 million). From a technical perspective, breaking through $864 may lead to a challenge of $1,000. On-chain activity is high, and the Maxwell upgrade promotes ecological development, highlighting the value of long-term holding. Short-term pullbacks are buying opportunities; pay attention to the $900 support level.
Popular coins
$LINK
Recently performed strongly, daily line retraced without breaking half of the large bullish candle, ascending channel intact. If the overall market stabilizes, it is expected to challenge the previous high of 27. A leader in the DeFi sector, receiving high attention from funds, can be positioned on dips. Short-term volatility is large, but the medium to long-term trend is upward.
As a fat penguin ecosystem token, it has recently gained attention due to IP licensing and physical toy collaborations. NFT holders can earn royalties, enhancing the token's utility. However, caution is needed for overly optimistic expectations reaching $1 by December. In the short term, it may rebound with the recovery of the NFT market, but long-term observation of IP commercialization progress is required. It is advised to position on dips, targeting a 2-3x space.
Recently performed steadily, 24H increase of 0.23%, price at $3.5. On-chain transaction volume exceeded 11.5 billion times, TVL over $2 billion, DeFi ecosystem active. Technical outlook is bullish, target price is $13. It is recommended to pay attention to the SUI-USDC high-yield pool for positioning on dips.
Recently performed strongly, with whale fund inflows leading in the last 24 hours, and it has been mentioned multiple times as 'bullish'. The latest tweet suggests the price may break $1, with short-term trading opportunities leaning towards the upside. However, be cautious of high volatility risks, and it is advised to operate cautiously in conjunction with fund flows and community sentiment.
$MNT
Recently surged strongly due to deep integration with Bybit, doubling in value after the new leadership took office. The key point is that Bybit may use $MNT for transaction fee discounts and VIP benefits, with annual demand expected to reach $500 million to $2 billion, which will significantly boost valuation if realized. Currently close to historical highs, a breakthrough may accelerate the rise. Fundamentals are strong, but caution is needed for pullback risks after good news materializes.
$HYPE
Significant volatility recently, whales have increased their long positions in the $40-44 range, but the EMA20 support at $44 still needs to be validated. Hyperbeat, as the liquidity hub of the HyperEVM ecosystem, integrates multi-strategy returns and democratizes market making, which may drive long-term value. Short-term attention on the $44 support; a break may pull back to $40.
$XRP
Recently consolidated in the range of 2.72-3.31, super whales accelerated accumulation, possibly brewing a breakout. However, caution is needed for team selling and Flare protocol risks. Coinbase's launch of XRP futures may bring short-term liquidity. Pay attention to the $3 support level; if it holds, it can be positioned.
$ADA
Recently experienced extreme volatility, bulls showed a rebound signal after being liquidated at $0.93. The technical aspect shows potential for a second upward opportunity, but caution is needed for high leverage risks. As Ethereum in Europe, its ecosystem integration (such as $SOL/$ETH cross-chain) may bring fundamental support. Short-term attention on rebound opportunities at the $0.9 support level, while mid to long-term needs to observe if it can break the key resistance at $1.
$TAO
Recently, the trading volume reached $66.9M, market capitalization at $3.6B, price at $360.94 (-0.5%). Fundamentally, its ecosystem is active, @inspectxyz launched Substrike permissionless mining, allowing users to earn $TAO through social interactions, which may drive demand. The technical aspect is under short-term pressure, but the bullish expectation for Q4 is strong, suggesting positioning on dips. Competing projects like Ambient have emerged, requiring attention to the ecological moat.
The above information is automatically generated by @xhunt_ai and does not constitute investment advice.
