The interest rate decision has been revealed, with a rate cut of 25 basis points. However, the market reaction was unexpected, declining significantly instead of rising as usual. This sudden reversal is mainly attributed to a statement from Powell. In a context where the rate cut should have created a favorable atmosphere, the liquidation lines for long contracts are densely distributed between $98,000 and $104,000, while the Bitcoin price quickly approaches the $98,500 mark.
This drastic fluctuation conveys a clear message from the market: the initial expectation of four rate cuts in 2025 has now been adjusted to only two rate cuts next year. Although the Federal Reserve Chairman has explicitly stated that individuals and institutions should not hold Bitcoin and has no intention of pushing for legal changes, he also acknowledged that monetary policy formulation is not arbitrary but must be based on detailed data analysis. Implicitly, the future path of rate cuts will still need guidance from various economic data.
In this scenario, I firmly believe the bull market has just begun. Bitcoin is expected to climb to $150,000, Ethereum will reach $8,000, Dogecoin will equal $1, and PEPE coin will achieve a fivefold increase. Along this journey, market fluctuations will ruthlessly eliminate numerous participants, with only steadfast holders able to smile in the end. In the face of such trends, all we can do is rationally allocate assets and patiently wait, for true wealth will ultimately belong to those investors who remain resolute and unaffected by market fluctuations.
Buying these cryptocurrencies in 2024 could yield 100% returns!
1.ADA
The activity of whale-level investors on the Cardano network has significantly increased recently, indicating a strong resurgence of confidence among investors in the project. The latest data shows that in the past 48 hours, large investors have increased their holdings by approximately 80 million ADA tokens, totaling a value of up to $85.6 million. This large-scale accumulation demonstrates major investors' keen interest in ADA and suggests an optimistic outlook for ADA's long-term performance.
The Cardano network has maintained a strong commitment to peer-reviewed research, ensuring that every technological development is robust, reliable, and rigorously tested. As the entire ecosystem continues to advance and improve, the increase in whale investors further reflects the market's strong expectations for future price increases of ADA.
According to forecasts, the value of ADA is expected to gradually rise to $1.46, $1.76, and may even reach a high of $2.04. Currently, ADA's trading price is stable at around $0.97, having increased by 2.12% over the past seven days, and has achieved a significant growth of 38.41% over the past month. This sustained upward trend has not only captured the close attention of many investors but has also further strengthened market confidence in the Cardano network.
The frequent increase in whale activity not only highlights growing institutional investors' interest in Cardano but also intensifies market speculation and expectations regarding ADA's price trends. As the Cardano ecosystem continues to develop and investor participation increases, Cardano undoubtedly emerges as an important role worthy of close attention in the current cryptocurrency market.
2.LINK
Chainlink has partnered with Hedera, aiming to accelerate the development of decentralized finance (DeFi) by integrating Chainlink's decentralized oracle solutions and promoting the tokenization of real-world assets (RWA). The core of this collaboration is to incorporate Chainlink's data feeds and proof of reserves into the Hedera ecosystem, providing developers with a secure, transparent, and decentralized data infrastructure.
Through this integration, developers on the Hedera network will be able to utilize Chainlink's data sources to obtain accurate and tamper-proof market information. This will greatly enhance the reliability and security of DeFi platforms and applications, especially those focused on asset tokenization. This collaboration aims to support the development of innovative financial products in the decentralized space by providing precise data access and injecting new vitality into financial innovation.
The market has reacted enthusiastically to this collaboration, with the price of Chainlink tokens (LINK) significantly rising to $27.78, an increase of 22.05%. The price of LINK has far exceeded its 200-day simple moving average (SMA) of $15.14, showcasing a strong upward momentum. In the past 30 days, LINK has had 17 trading days of increases, accounting for 57%.
Market indicators further reflect investors' strong interest in LINK. The Fear and Greed Index currently stands at 81, indicating extreme greed, while the 14-day Relative Strength Index (RSI) is at 60.54, suggesting a neutral market trend. These indicators imply that LINK may experience some sideways trading in the short term, but due to its large market capitalization, LINK will still maintain high liquidity.
3.RENDER
Render (RNDR) tokens are currently displaying strong upward momentum, with multiple technical indicators suggesting a possible price breakout. A significant bullish signal is that RNDR has formed a bullish flag pattern, which is often a precursor to price increases. Currently, RNDR's trading price is about $8.48, and it is expected to launch an assault on the $10 price level.
The market dynamics of the past week have further reinforced this optimistic expectation. RNDR's price has increased by 11.90%, while the number of open contracts has significantly grown, reflecting active trading and increased investor participation. Despite the upward price trend, market sentiment remains neutral, with the Fear and Greed Index reaching 81, revealing extreme optimism in the market.
From a technical perspective, RNDR's performance is also noteworthy. Compared to its 200-day simple moving average (SMA) of $6.72, RNDR is currently trading 25.78% higher, showcasing a strong upward trend. Additionally, over the past 30 days, RNDR has shown an increase on 15 trading days, accounting for 50%.
As RNDR gradually approaches the critical $10 price level, investors are closely monitoring the confirmation of breakout signals. Although the market outlook remains optimistic, closely watching liquidity conditions, trading patterns, and external market conditions is crucial for assessing RNDR's short-term growth potential.
4.ENS
ENS Labs, the creator of the Ethereum Name Service (ENS), is actively deploying significant strategies aimed at greatly enhancing ENS's scalability and user accessibility. They ambitiously plan to launch Namechain by the end of 2025, an innovative second-layer aggregation network intended to enable lower-cost, higher-availability applications of ENS in the second-layer ecosystem. This initiative profoundly reflects ENS Labs' relentless pursuit of advancing decentralized naming systems that cleverly associate human-understandable names with cryptocurrency addresses.
ENS has consistently attracted industry attention with its forward-looking vision. Although this year the ENS token encountered some obstacles in breaking key resistance levels, a series of recent developments suggests that it may be on the verge of a breakthrough. If the current trend continues, the price of ENS is expected to quickly regain upward momentum and achieve significant increases once again.
5.WIF
Currently, WIF's EMA (Exponential Moving Average) shows a bearish arrangement, with the short-term EMA positioned below the long-term EMA. This technical formation suggests that WIF is facing ongoing downward pressure and may test the support area of $2.19. If this support level cannot be effectively held, WIF's price may continue to decline, with the next key support point potentially falling to $1.85.
However, if the price of WIF can successfully reverse the current downtrend and regain upward momentum, it could challenge the resistance level of $2.91. Once this level is successfully breached, it may open up space for subsequent increases, with potential upward targets including $3.47, and if the upward trend is further solidified, it may even reach a high of $4.
If you cannot filter strong coins, then I suggest you follow me. Whether in spot trading or with derivatives, a slight move might be your limit; opportunities are short and must be seized! Success is not about luck; choice is greater than effort, and the circle determines fate. In the crypto space, besides having discernment for timing, you also need to follow a good team and a good guide. By following me, you are already halfway to success in the crypto world.
Lastly, there are many aspects that have not been written down, such as specific opportunities, specific decisions, and preemptive layouts; these things are often not covered in a single article. Follow me, and I will share more bull market strategies and cutting-edge insights from the crypto world for free.#美联储放鹰 #加密市场回调 #市场调整後的机会？