Recently, the market has been fluctuating a bit too fast; even I have to refresh the candlestick chart repeatedly to confirm that I’m not mistaken: Bitcoin is starting to move sideways at a high level, while Ethereum takes over the leading role, surging straight up to the 3100 magnesium barrier! This wave of ETH is too strong, it feels a bit like 'micro-strategy 2.0', funds are starting to flow towards Ethereum in large amounts, and E-Guardian is finally going to shine!
At the same time, the bearish impact from whale sell-offs is quickly digested by the market. As long as this ancient OG doesn't continue to dump, there is still something to watch in the upcoming market. The significance of ETH standing above 3100 is not just that Ethereum is strong, but it has opened the floodgates for altcoins to launch.
Altcoins are starting to stir, where are the opportunities?
Let's take a look at the Altcoin Season Index, the latest value is 39, which has rebounded more than twice from the low point of 15 at the end of June.
What does this indicate? In the past 90 days, over 30% of mainstream coins have increased more than Bitcoin, and altcoins are quietly gaining strength!
Especially after the leading altcoins have surged, market attention will rotate to those 'high-quality potential stocks' that have not yet risen. What you need to do now is: don't follow the crowd to chase high prices, focus on projects that haven’t been overly speculated but have strong fundamentals.
The market has now entered a phase of competition in research and foresight; whoever discovers the treasure project earlier has the chance to take the biggest bite.
Recent new projects and opportunities worth paying attention to:
Plasma: The stablecoin version of 'Ethereum'?
The new public chain Plasma, co-invested by Tether's parent company Bitfinex, Peter Thiel, and Framework, has secured $27.5 million in financing in just two months, with a valuation skyrocketing to $500 million. This project focuses on a global stablecoin settlement system and has just launched its testnet; the upcoming TGE is worth watching.
New hot coins like WLFI, Pumpfun, #JTO are coming in one after another, with public sales and perpetual plays taking turns on stage. Don’t forget, these types of projects can take off easily in a bull market.
The Sol chain has been frequently in the spotlight; even projects with 'zero value' have recently become relatively 'stable', such as #Useless, #Kungfu, and #旺柴, all performing brightly. Some funds have shifted from mainstream coins to here; don’t underestimate the short-term elasticity of small coin chains.
Today I took a look at altcoins, and these three altcoins' trends can be worth paying attention to:
#LUNC : Currently forming a bull flag pattern on the 4-hour chart, the price is still above the middle line, close to the upper resistance area; if it breaks through, it could usher in a wave of bullish momentum, and there may also be opportunities to enter long positions on a pullback to the middle line.
#render : It is oscillating within an ascending wedge, having rebounded from the lower boundary and is close to the upper boundary. This position will either break through and strengthen, or fall below, signaling a shorting opportunity; keep a close watch.
#hype : The daily chart shows a steadily rising bullish channel, with each pullback to the middle line or lower boundary being quickly bought up. It is currently oscillating at the upper boundary of the channel; as long as it stays above the 9-day moving average, the trend still holds potential, and once it breaks above, it may accelerate directly.
This round of market has shifted from a 'main rising wave' to 'structural rotation'.
Bitcoin is oscillating at high levels, Ethereum is taking the lead, and altcoins are igniting one after another; the market is currently in the true mid-stage of a bull market.
Now is the time to compete in rhythm, vision, and research—
It's not about chasing whoever is rising fast, but about quietly ambushing when no one is paying attention, waiting for the wind to come, as a wave of surge is the most rewarding.
Don't wait until Ethereum flies to 3500, SHIB is trending again, or the Plasma airdrop list is announced to think 'should I get in?', in a bull market, seizing the opportunity first is the biggest victory.
That's all for the article! If you're feeling lost in the crypto world, consider joining me to strategize and reap profits from the market makers!
