Market trend
Currently, the cryptocurrency market is showing a divergent pattern. Mainstream coins like BTC and ETH remain relatively stable due to ETF inflows and favorable policies, while most altcoins are performing weakly.
The market has gone through three phases:
January ETF approvals drove BTC up;
In the middle of the year, rebounding due to expectations of Trump's policy;
Recently benefiting from relaxed SEC policies, ETH, SOL, etc.
Analysts believe the current pullback is a pause in the bull market rather than an end, but caution is needed regarding the impact of U.S. stock volatility and interest rate cut expectations. Overall, the market leans towards a 'non-typical bull market for compliant cryptocurrencies,' with funds concentrated in mainstream coins and a few altcoins with narrative support.
Mainstream coins
$BTC
Currently constrained by EMA21 resistance, it may test the 108K support in the short term. ETF inflows are slowing, but increased institutional holdings indicate long-term confidence. If it breaks through 112K, it may be bullish; otherwise, it may continue to fluctuate. Pay attention to the impact of U.S. stock trends and policy direction on BTC.
$ETH
Recently showing strong performance, with spot ETF inflows far exceeding $BTC, and noticeable institutional accumulation (e.g., SharpLink purchased 56,533 ETH). Technically, support at 4500 is effective, and if it stabilizes at an exchange rate of 0.065, it could challenge 5500. Short-term pullbacks may provide opportunities for long positions, but be cautious of risks from fluctuations in U.S. stocks.
$SOL
Recently presenting a consolidation pattern, it is expected to accelerate after breaking through the 200-day moving average resistance. Strategic reserve expectations and ecosystem activity (such as meme coins, DEGEN platforms) support its fundamentals, but be wary of high volatility risks.
$BNB
Recently showing strong performance, stabilizing above $850 after breaking through $900, indicating market confidence. The airdrop of the RWA track project Plume further enhances the holding value of BNB. Institutional accumulation (e.g., CEA Industries) and strategic reserve expectations support prices. Short-term pullbacks may provide entry opportunities, while the mid-to-long term bullish trend remains unchanged, targeting $1000+.
Popular coins
$HYPE
After breaking through the $50 resistance, it has entered a price discovery phase, with a short-term target of $55. Despite encountering an oracle attack incident, market consensus remains strong, and prices have rebounded quickly. In the long term, the Hyperliquid protocol's fee buyback mechanism (99% used to buy HYPE) and ecosystem expansion (such as HIP-3) form fundamental support. The current trend is bullish, but be cautious of on-chain risks.
$LINK
Recently gaining institutional attention due to Bitwise's submission of a spot ETF application, the technical outlook for breaking previous highs is highly probable. The fundamentals are strong, serving as a bridge between banks and on-chain data, combined with expectations for U.S. financial infrastructure cooperation, looking bullish in the mid-to-long term. In the short term, if it breaks through $25, it may accelerate upward, but caution is needed regarding SEC approval risks. It is recommended to build positions on dips.
$SUI
Recently showing strong performance, with a 24-hour increase of 3.77%, currently priced at $3.49. Technically, it has stabilized above the key support of $3.2, and breaking through $3.5 may see it rise to $4. Fundamentals are supported by Alibaba Cloud's AI coding assistant, and the ecosystem project DeepBook Margin is about to launch, with innovations in liquidity sharing mechanisms. However, be cautious of risks from VC unlocking and selling pressure. In the short term, build positions on dips with a stop loss at $3.2.
$PENGU
Recently gaining popularity due to cooperation with NASCAR and the issuance of physical cards in Japanese convenience stores, it may look bullish in the short term. However, be aware of the overall liquidity risks in the NFT market, and long-term observations on the actual application deployment situation are necessary. There may be trading opportunities near support levels.
$CRO
Recently spiked 26% due to news of cooperation with Trump's media group, with a $642 million treasury plan locking 19% of the supply in the short term, looking bullish. However, be wary of selling pressure after the positive news materializes, and mid-to-long term progress on ecosystem integration needs to be monitored.
$AAVE
Recently showing strong performance, breaking through resistance and testing the 0.236 Fibonacci retracement level, with a bullish technical outlook. The fundamentals are even brighter, with TVL reaching $41.1 billion, a historical high, occupying 50% of the DeFi lending market, with ample cash flow and buyback initiation. If market risk appetite increases, $AAVE is expected to challenge new cycle highs.
$TRX
Recently drawing attention due to proposals to reduce network fees, which may lower transaction costs and stimulate ecosystem activity. The technical outlook is strong on the monthly K-line, but controversy (centralization concerns) remains. It looks bullish in the short term, but caution is needed regarding market sentiment fluctuations.
$TON
Recently, due to the active NFT ecosystem and integration with Telegram, the floor price of Plush Pepe NFT has rebounded to 4k $TON, indicating strong demand. If Durov goes to the US, it may release positive news, which looks bullish in the short term. However, be wary of the risks of a market correction after overly heated sentiment, and it is recommended to build positions on dips.
$XRP
Recently showing strong performance, with CME futures contracts quickly breaking through $1 billion, and the Chinese supply chain financial platform adopting XRPL, which is a fundamental positive. Technically, it is consolidating near historical highs, similar to the 2017 trend, and a breakout may lead to significant increases. However, attention is needed regarding competition with $LINK and community sentiment divergence. In the short term, focus on ETF expectations, and mid-to-long term look at RWA developments.
The above information is automatically generated by @xhunt_ai and does not constitute investment advice.
