The Solana indicator is a bit impressive! Will it rise to 180u next week? Come and take a look.
The inflation data that the whole world is watching is about to come out, and this data is explosive; a market reversal is imminent!
Let's see what the latest news is on XRP and Pepe together with Shuqin~
First is the huge benefit for Solana and XRP; everyone look at the chart.
Solana's stablecoin has once again broken its historical high, reaching a terrifying 12.8 billion USD. You have to know that when Sol's price was two hundred or even three hundred, its stablecoin was less than half of what it is now, and now the stablecoin has doubled, yet the coin price hasn't doubled, and has actually dropped significantly due to the larger environment. This shows a strong bullish divergence; the fundamentals are improving, but the price hasn't fully reflected that yet.
In fact, Sol's performance has already been very strong, this rebound from 95 to 154 has increased by more than 60%. You could say that as long as there is a slightly positive market, its performance greatly outperforms Bitcoin. I plan to re-enter above 143, at least to bet on a rebound; actually, it has a certain probability of reaching 180.
So the question arises, will the upcoming market improve? Everyone look at the chart.
The S&P 500, closely related to the crypto market, has reached a critical position; a slight upward movement would break the consolidation zone of nearly a month, and it may also break the low of the last retracement wave, with significant upward space, and Bitcoin could therefore rise to 100,000 or even more.
What we need to do is wait for it to break through, and then go all-in on the crypto market. However, before it breaks through, there's no need to enter with high leverage to gamble on its breakthrough; if it unfortunately turns down, you'll have bought at the peak.
However, to be fair, I think the probability of it breaking through is quite high because it is clearly raising the bottom, just a bit more on the top to confirm the reversal of the situation, really just a step away.
In fact, if you look at Bitcoin's data, it's also unusually tense. Bitcoin has rebounded to the average holding price of short-term holders, which presents certain resistance; there have been several instances where it didn't break through before, only to be pushed back again. However, once it breaks through, the increase will really not be small.
Interestingly, the Spoofy whale that has been selling continuously during the previous upward trend has temporarily stopped selling, indicating that it believes there will be higher selling prices in the future, which is why it has stopped selling now.
Now that we've talked about the market, let's look at the good news for XRP. CME announced it will launch XRP futures trading on May 19, which means Wall Street can legally enter the XRP market.
And more importantly, the launch of futures trading is actually preparing for the upcoming futures and spot ETF, so after XRP goes live with futures in May, it is very likely to formally apply for an ETF in the second half of the year, and the prospects are still quite good.
Therefore, in the short term, you should find a low point to enter in the next week or two, and then hold until May 17, which should yield a small high point.
To be fair, this XRP is actually a bit crazy; it usually doesn't rise, but when it does, it skyrockets, and it's all quite inexplicable. There aren't many people in Asia trading this coin, but it's very popular in Europe and America.
However, its only criticism is its lack of specific applications; can you see anyone using XRP for payments? So I prefer Sol, which has a similar market cap, because whether it's on-chain data or daily use, Sol is exceptionally strong.
Besides that, there's Ethereum. I think it can maintain a good momentum before the Prague upgrade. If there are low points, one can buy in. If according to the Fibonacci sequence, if Ethereum rebounds by 0.382, it would reach 2400.
Bitcoin has dropped from around 100,000 to now 95,000, leaving very little rebound space, and because it has risen so much, the risk of a retracement is increasing.
Pepe is similar, with a very large room for catch-up; from a big picture perspective, its W bottom has basically formed. We've already entered safely at 0.093; being a bit greedy, we can re-enter at 0.09 and 0.088, then take profits at 0.104. These operation points are released in real-time by Shuqin every day; if interested, come and take a look.
Alright, let's continue. In 5 days, the capital market will迎来 a huge positive news, that is next Wednesday's PCE inflation data, which looks very bullish this time, with the market expecting PCE to plummet 0.3% to 2.2%, and core PCE to also drop 0.2% to 2.6%, both returning to normal levels.
This likely indicates the success of the Federal Reserve's fight against inflation and the beginning of interest rate cuts, a large part of which is actually due to the crisis caused by tariff declines that led to a crash in various commodities like crude oil, causing inflation data to also drop, greatly increasing the probability of interest rate cuts by the Federal Reserve, which can be considered a blessing in disguise.
The Federal Reserve's first interest rate cut is crucial; it signals the start of a bull market. Hopefully everything goes smoothly.
Finally, everyone, don't forget to follow along; let's strive together for a better future!