The bull market is far from over, and BTC, ETH, BNB, SOL, XRP, and others are likely to reach new historical highs again, at least until the end of this year when it may come to an end. So don't get off easily; you might regret it when the time comes.
Just like in July-August when I suggested some potential altcoins, you all said they were bad and not increasing in value! Now look back; was it not at a low point?
This wave of #Bitcoin has already broken the neckline and is preparing to start a new round of upward trend; #Ethereum is nurturing a large-scale pattern, and the price of 5000 is expected to be seen by the end of the year.
Currently, the strongest is #SOL, which is replicating ETH's trend (and the weekly level shows a W-bottom structure, indicating a clear bullish trend; 300 might be seen very soon). DOGE and PEPE have suddenly exploded, and the rhythm of altcoins has begun, with daily increases of 20% needed to make the list. Moreover, the old coins that were cold last year are reviving one by one, flying high with just a light position pull.
#BNB is just one step away from 1000. Today, the key is to watch the 928 level. As long as it doesn't fall below this level on the 4-hour chart, there is still a chance to push up after a pullback here, with resistance above in the 938-944 range. If it unexpectedly falls below 928, it may enter a correction, with support below at 922, 916, and 910.
AI, inscriptions, GameFi, Meme, DeFi, and even the 'BN delisting area' are all rotating and flourishing, with hot money dancing all around.
The SOL, RAY, PEPE, PENGU, and SUI in the little cat's hands are all rising sharply.
The recent rise of Dogecoin is backed by two major benefits: first, the actions of 'Doge version of MicroStrategy', and second, the expectations for the spot ETF decision in mid-October, coupled with favorable news from the treasury, which directly drove a group of small dog coins to rise together. In the short term, 0.32 and 0.35 are key resistances, but if they can break through, structurally, there is at least a chance to hit the 0.33~0.4 range, and in the long term, it is more likely to see above 0.5.
Referring to DOGE, the space for PEPE is equally huge. In the short term, 1470 and 1630 are two points to exit. If you can't hold it, you can take profits; if you can hold it, you can completely adjust your strategy.
This wave of SOL is even more ferocious. After repeatedly hitting 210 and clearing the selling pressure, it broke through 220 in one go, even skipping a pullback. It has now run outside the rising channel, showing obvious signs of acceleration. The short-term RSI is a bit overbought, so I plan to reduce a portion near 260, while the real major hurdle is still 296.
Unlike last time where it relied on on-chain Memes and the hot money from Trump, this time it’s Wall Street buying in hard, with ETF support, and the buying volume accounting for 2.1% of the circulation, providing stronger momentum. If it can break a new high, this round will be complete.
Let's take a look at how the situation of altcoins is, those who hold some tokens pay attention:
ENA
ENA is forming an ascending triangle on the daily level, with 0.80 dollars as the key resistance and the lower lows continuously rising. As long as the trendline support holds, it is expected to directly aim for 0.95~1 dollar after breaking 0.80; however, if it breaks below the trendline, it may pull back to around 0.68 to seek support.
NOT
Since NOT went online, there are a few points worth noting:
1. BN pays more attention to traffic rather than quality, while NOT, being an extremely minimalist meme coin, has daily active users reaching 5 million, directly entering the top five channels on Telegram, fulfilling the demand for traffic.
2. The market's aversion to high FDV, low circulation VC coins is rising, which instead highlights the value of NOT as a fully circulating community coin.
3. Last year, BN didn't dare to directly launch TON due to the background issues of TON, but instead launched the NOT from the TON ecosystem to occupy the position.
4. The special thing about TON is that it can bring a large number of Web2 users into Web3, rather than struggling to find people in Web3.
Overall, NOT is still worth paying some attention to.
Lastly, let me mention: $ADA and $XRP
Currently, a large number of users are flooding into CB, and among the spot supports, besides Meme, the only ones with trading volume are ADA and XRP. Coupled with the warming narrative of ETF compliance, it pushed the market. Actually, $HBAR can also be counted, but its stability is somewhat lacking. I have to say, if it weren't for the strong whales controlling the supply, these two wouldn't hold up in a bear market. Playing these two coins, the fundamental reference is not very significant; it’s more about the chip structure and user penetration.
In previous bull markets, they never missed the opportunity to rally; now that XRP has reached a new high, I am even more focused on the follow-up potential of ADA.
Of course, the biggest variable is still the interest rate cut on the 18th and Powell's speech. A 25 basis point cut has already been priced in; the key is the tone. If suddenly hawkish, there might be one last dip in the short term; but if it remains dovish or even hints at a larger cut, that would be a direct catalyst for the market, and the altcoin season would get crazier.
My next thought is very simple: continue to hold the spot, and avoid excessive leverage. If it dips, take the opportunity to add some positions; if it rises, continue to enjoy. Don't go to extremes; the market is always fluctuating.
The bull market has just begun, buy and hold, let fate decide!
The article stops here! If you are still unclear about your direction in the crypto world, it might be better to layout with me. I am waiting for you; otherwise, in the next wave of the market, you might find yourself on the opposite side.
