The market is currently gaining momentum; consolidation may not be a bad thing, as it could be the calm before the storm. Bitcoin has been fluctuating between 96,000 and 100,000 in the past few days, and a 5% fluctuation in the crypto circle is quite normal. Currently, bulls and bears are at odds, neither wanting to give in easily. The good news is plentiful, and market confidence seems stable, likely building a base after the last surge.
Bitcoin is likely to bounce around this price range in the short term. But one must also be cautious; before the 'King of Understanding' takes office, the market might suddenly brake, flushing out the last of the weak hands.
$BNB is expected to hover between 680 and 740, also waiting for big brother Bitcoin to provide direction. Next, the bears are unlikely to be so impatient; let's be patient, as the best is yet to come.
$ETH is currently gaining momentum, moving steadily within the 3500 to 3800 range. It is leaning towards strength; if Bitcoin consolidates, Ethereum may still be able to make its own moves.
Looking back at today's daily $BTC technical analysis, on the candlestick chart, the 1-hour level shows an uptrend, the 4-hour level shows an uptrend, the 12-hour level shows an uptrend, and the daily level shows an uptrend. The intraday resistance level is 101200, while the support level is 96100.
The 4 cryptocurrencies to watch in the next bull market that could explode 100 times!!
Dogecoin ($DOGE): The original Meme coin
Due to its active community and ongoing mainstream adoption, Dogecoin remains a popular choice among cryptocurrency enthusiasts. With continued mentions by celebrities like Elon Musk and the emergence of new use cases, Dogecoin maintains its relevance in the cryptocurrency market. Why pay attention?
With Trump's election win, Elon Musk became a close friend of his and has been promoting Dogecoin. There are rumors that $DOGE will become the official payment method on X (Twitter), and due to Trump's influence, this could bring significant utility and create an environment favorable to crypto. Despite its interesting origins, $DOGE remains a formidable competitor in the altcoin market. Its accessibility and active development make it a strong choice for those seeking low-cost investments.
Shiba Inu ($SHIB): The 'Dogecoin Killer'
As a strong competitor to Dogecoin, Shiba Inu has made waves in the cryptocurrency space. $SHIB boasts a robust ecosystem, including ShibaSwap, NFTs, and its evolving Shibarium blockchain, making it more than just a meme coin. The project's commitment to community and innovation has made it a focal point of attention. Why pay attention?
Since Shiba Inu launched its own network and has maintained one of the largest hype in the meme coin world since 2021, $SHIB continues to generate buzz. Its strong community and ongoing development keep it at the forefront of the meme coin sector, providing significant growth potential.
Bonk ($BONK): The top Meme token on Solana
$BONK has become the leading meme coin on the Solana blockchain, known for its scalability and lightning-fast transaction speeds. With Solana's market cap exceeding $100 billion, $BONK is well-positioned to capture a significant portion of this ecosystem. Why pay attention?
If $BONK captures just 10% of Solana's market cap, its market cap could grow five times from its current level. As the Solana ecosystem expands, $BONK has the potential to become a leader in the meme coin category.
Brett ($BRETT): A new coin with big dreams
Brett ($BRETT) is a newer cryptocurrency gaining attention. It is often referred to as 'Pepe's best friend' and is one of the top meme coins on the Base chain. Brett has an interesting and relevant brand that appeals to the meme-loving cryptocurrency crowd. Why watch?
If the Base chain continues to grow and attract more users, interest in Brett could soar. As more people use the Base chain, Brett's popularity and value could significantly increase, making it a strong contender for $1.
