The wash is over, don’t be confused, the bull market is still here. Five potential coins will help you soar in the next bull market! !
The market has fallen sharply recently, and many people asked me whether the bull market has left.
Today, we will not analyze this issue from a complex data or macroeconomic perspective, but will explain my views in the simplest and most straightforward way.
Take the global asset management giant BlackRock as an example. Together with other wealth management companies, it just received approval for a Bitcoin ETF at the beginning of the year, and then began active purchases. BlackRock alone has invested $20 billion in Bitcoin in just six months, while other companies such as Fidelity have also purchased about $30 billion in Bitcoin in total. This means that these companies alone have brought $50 billion in capital inflows to the Bitcoin market in six months.
Faced with such data, if you are still questioning the existence of the bull market, or worrying that the bull market has gone, then you may be ignoring the powerful driving force behind the market. Some people in the market may follow the views of others and believe that the bull market is over, but this view may be too short-sighted.
My view is that the bull market is not over, but we are now in a stage of the bull market, a stage of washing out. The key is that investors need to have enough patience and confidence to hold on until the day when the bull market starts again. As many people know, the dawn of the market often comes after the darkest hour. Hang in there and keep your faith, the second half of the bull market is still worth looking forward to.
In short, don't be fooled by short-term market fluctuations, and don't be swayed by other people's opinions. Be firm in your investment philosophy, analyze market trends rationally, and believe in the market's potential and long-term value. The story of the bull market is far from over.
Take advantage of the current favorable market conditions to quickly buy the following five potential coins
PEOPLE
PEOPLE Coin is a digital currency based on blockchain technology, which aims to build a decentralized, fair and transparent social financial system. Through PEOPLE Coin, users can conduct safe, fast and low-cost transactions around the world, while enjoying more convenient social financial services.
The market is generally optimistic about the future development of PEOPLE Coin. As the digital currency market continues to mature and people's understanding of blockchain technology deepens, PEOPLE Coin is expected to become an important force in the market in the future. At the same time, the PEOPLE Coin team is also working hard to lay a solid foundation for the long-term development of the currency through technological innovation and business expansion.
SUN
As the market turned bearish, SOL's price action formed an ominous evening star pattern after hitting $190, followed by a sequence of eight consecutive red candlesticks falling, indicating strong selling pressure. This series of declines not only reversed the previous rebound trend, but also caused SOL prices to fall below the key 200-day exponential moving average (EMA), exacerbating the market's pessimism.
Currently, SOL has found a temporary respite at the key support level of $120, but the intraday decline has reached 12.53%, and there is still a risk of further decline to 35%. It is worth noting that the relative strength index (RSI) at the daily level has reached the oversold area, which is often regarded as a signal that the market may be about to reverse.
In this context, Solana has become a buying opportunity that cannot be ignored in the current market adjustment due to its potential rebound momentum in the oversold state, its inherent value potential, and the market's optimistic expectations for its long-term development. From an optimistic perspective, with the gradual recovery of market sentiment and further improvement of market fundamentals, the price of SOL is expected to recover strongly before the end of the year, aiming directly at the $300 mark.
TON
The price of Telegram-backed Toncoin (TON) has fallen by 17%+ in the past month. However, on-chain data shows that this is a good buying opportunity. ON's market value to realized value (MVRV) ratio readings show that the fake coin is currently undervalued and new purchase numbers are issued, and whales have taken notice
The coin’s MVRV ratios on different moving averages are all negative, with 30-day and 90-day moving average MVRV ratios of -6.39% and -6.87% respectively.
The indicator is negative, which means that the current market value is lower than the price at which most investors acquire assets, and it is a good time to enter the market. In addition, the number of whales has increased by 2% in the past month, and the number of holding addresses has continued to hit new highs.
SATS
On the daily chart of SATS, the heavy pace of Ba Lianyin is particularly eye-catching. The day before yesterday, it fell below the key support level of MA30 with a sharp blow. Although the trading volume did not increase significantly significantly, it followed Bitcoin's decline very significantly. In the next three days, if SATS cannot return above MA30, the adjustment cycle may be extended, short-term downward pressure will still exist, and the 1111-1500 range will become a key support line of defense.
BONK
Currently, the market sentiment for BONK remains bullish. The Fear & Greed Index is 70 (Greed), indicating that greed is the dominant sentiment in the market. With 16 of the past 30 trading days closing positive, these positive indicators reflect the optimism of investors. Technical analysis further supports this view, suggesting that there could be more growth ahead, especially if leading cryptocurrencies such as Bitcoin and Ethereum regain momentum.
BONK has recently experienced a 130% surge in price, showing a clear shift in investor sentiment towards high-risk assets. This outstanding performance not only surpassed well-known meme coins such as Dogecoin and Shiba Inu, but also showed that investors' confidence in the entire meme coin field is growing. This trend, combined with current market sentiment and technical analysis, indicates that BONK is expected to continue to maintain a strong upward momentum in the future.
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