Market trend
The overall cryptocurrency market is currently showing signs of consolidation and pullback. Bitcoin (BTC) is fluctuating in the range of $115,000 to $116,000, while Ethereum (ETH) has dropped to around $4,200 due to ETF fund outflows and a wave of unstaking. Solana (SOL) has pulled back to around $180. Market sentiment is cautious, with institutions continuously increasing their BTC holdings (e.g., MicroStrategy purchasing 430 coins in a week), but short-term pressure is coming from expectations of Federal Reserve policies and geopolitical influences. The expansion of stablecoins (e.g., USDe surpassing $10 billion) and sectors like RWA are gaining attention. Analysts generally believe this is a mid-cycle adjustment in a bull market, and monitoring September's macro data and ETF approval progress is essential.
Mainstream coins
$BTC
Recently, frequent large transfers indicate active whales. ETF fund outflows continue, but institutions are still increasing their holdings, leading to potential short-term fluctuations. If the key support at 108.5k holds, a rebound may occur. Long-term, VanEck maintains a target of 180,000, with opportunities to accumulate on dips still present. Monitor on-chain data and institutional movements.
$ETH
Recently facing pressure from ETF fund outflows, but large on-chain transfers and institutional holdings show potential accumulation signals. The technical analysis of a double descending wedge suggests possible rebounds, with key support at 4249. If the resistance at 4800 is broken, a new round of increases may begin. Caution in the short term, bullish in the medium term.
$SOL
Recently strong performance, with the mainnet stress test surpassing 100,000 TPS, showing clear technical advantages. The on-chain ecosystem is active, with multiple new projects like $LIGHT and $JAKPOT bringing capital inflow. Large whale positions with 745,000 SOL holdings indicate bullish expectations. Short-term may continue to strengthen, but attention should be paid to overall market volatility risks.
$BNB
Recent performance is strong with clear support, and indicators are healthy. BNC has increased its holdings to 325,000 coins, becoming the largest holder, with strong fundamentals. Short-term bullish outlook to $1000, but attention should be paid to the impact of BTC volatility. Competition among exchanges is intensifying, but Binance has significant ecological advantages.
Popular coins
Short-term pullback risks are increasing, with a drop below 21.7 potentially leading to further declines. However, the fundamentals are strong, and as a leader in cross-chain data, a market cap of 1.7 billion is undervalued compared to XRP. Institutions are continuously buying, with treasury repurchases reaching 2.8 million coins, looking bullish long-term. It may be wise to wait for panic selling to accumulate in batches.
Recently showing a clear divergence in trends, with the latest bearish signals (03:13 UTC) conflicting with local bottom reversal signals (08:06 UTC). If the key support level is broken, it may accelerate declines; if maintained, it may target $48. Fundamentals present risks related to opaque sources of liquidity, and caution is warranted regarding selling pressure from changes in the exchange competition landscape. Short-term trading opportunities are preferred over long holds.
Recently strong performance, with FDV stabilizing above $100 million, showing independent market trends against the current. Its upgrade to a "cross-chain multi-chain settlement layer" narrative (VisaNet) has great potential, especially suited for stablecoins and RWA for full-chain circulation. Technically, it uses ZKPs to ensure security, having processed over 3 million transactions and integrated with over 20 chains. Secured investment from Unicorn Verse and launched UnicornX (historical project average increase of 507.3%), may continue its upward trend in the short term, but caution is needed for market pullback risks. Looking long-term, if multi-chain settlement demand explodes, $CYC may become a core infrastructure.
$OKB
Frequent large transfers recently indicate increased capital activity. OKX has a clear strategic positioning, relying on wallets, OKX Pay, and the X Layer ecosystem, showing potential worth monitoring. However, actual application implementation needs to be observed. Short-term volatility may occur, but the medium to long-term outlook is bullish.
$XLAB
Recently, due to the surge in activity surrounding OKX, the entry threshold is low and the winning rate is high, with a bullish outlook in the short term. However, attention should be paid to selling pressure after TGE, and quick in-and-out is recommended. Boss Xu's entry may bring control opportunities, but liquidity risks should be monitored.
$SUI
Recently strong performance, with DEX trading volume surpassing $AVAX and $HYPE, indicating significant capital inflow. Mill City Ventures predicts it will surpass ETH and SOL, holding 81 million $SUI. Infinex is about to launch multiple updates that may further drive ecological development. After a short-term pullback of 2.97%, opportunities for accumulation are emerging.
$PENGU
Recently showing a divergence between bulls and bears, with the latest data showing its price fluctuating around 0.0314, needing to break the resistance at 0.0322 to confirm a rebound. Fundamentally, Pudgy Penguins, as a leading NFT project, may bring long-term value support through ecological expansion (e.g., Abstract chain integration) and potential dividends. Attention should be paid to the impact of ETH market fluctuations on altcoins.
$AVAX
Recent fundamentals are strong, with significant collaboration from major institutions like FIFA and Visa, as well as notable progress in RWA. However, the DEX trading volume being surpassed by SUI may trigger a short-term pullback. The technical outlook shows a 30% rebound opportunity, but attention must be paid to the risk of capital rotation. It is recommended to accumulate on dips, with stop-loss set below the support level.
$TON
Recently launched staking features on Ledger Live and partnered with Doodles to launch a MiniApp game, showing strong fundamentals. Short-term growth may be driven by staking incentives and ecological expansion, suggesting a focus on breakout opportunities. However, attention should be paid to overall market sentiment volatility risks.
$PENDLE
Recently worth noting, its yield splitting mechanism (PT/YT) and liquidity efficiency (0.69) demonstrate strong fundamentals. 37% of circulating supply locked and a 1.47 emission coverage ratio provide price support, but caution is needed for USDe dependency and ve concentration risks. If Boros successfully expands rate trading, it may further increase value. Short-term bullish, target price $7.5.
The above information is automatically generated by @xhunt_ai and does not constitute investment advice.