BTC short-term support is $65,000-66,000, and its short-term pressure is $67,500-68,500. The Federal Reserve is expected to cut interest rates near the end of the year. This may increase market certainty. BlackRock executives said that about 80% of Bitcoin ETF purchases may come from "self-directed investors" and financial advisors are more cautious. This shows that real professional investors have not yet entered the Bitcoin market. BTC has continuously drawn star lines. In the short term, the probability of $65,000-66,000 becoming a staged bottom has increased. Everyone can make small positions or open positions. The short-term stop loss is set at $65,000, and the medium-term stop loss is set at $64,000. Upward, BTC can only eliminate the risk of falling if it stands firmly at $68,500, and it will only really rise if it stands above $69,500. For the time being, it is still treated as a rebound.
Ethereum's short-term support is $3530-3580, and its short-term pressure is $3650-3750. Ethereum spot ETFs may be approved as early as the end of July. This has a great boost to Ethereum's rebound. I mentioned before that Ethereum has turned the corner, and it is obviously stronger than BTC in the short term. Pay attention to the two positions of $3500 and $3350. In terms of operation, continue to buy on dips.
The main focus of Altcoin is cel, trb, people, and pepe in the medium term. The strong sectors are still Ethereum ecological coins, ens, ssv, ldo, and elthfi. Let's see if they can form another profitable sector after the artificial intelligence sector? Secondly, artificial intelligence lpt.rndr.
Potential Altcoin worth watching now
AUDIO
Since March, AUDIO price has been declining due to the trendline resistance. The price formed a bottom at $0.150 and bounced back. In this bullish momentum, AUDIO price triggered a breakout of the 200-day EMA but failed to sustain. The false breakout of the 200-day EMA led to a strong selling pressure of 23%. The price has tried to break the trendline several times in the past few days but the sellers seem strong and are heading towards the main support of $0.150.
Will the AUDIO Price Rise to $0.500 After the Breakout?
On the daily timeframe, Audius price is declining due to trendline resistance. Currently, the AUDIO cryptocurrency price is at a critical level to break out of. If the price triggers a trendline breakout and sustains, then most buyers are likely to show interest. Assuming Audius price starts to break above the $0.300 mark, buyers are likely to focus on the $0.500 mark.
On the other hand, if the AUDIO cryptocurrency price fails to surpass the 200-day EMA, the previous momentum could continue. If the price breaks below the main support at $0.150, there will be strong selling pressure.
Turning to technical indicators, Audius price is trading below key moving averages, which suggests bears are in command. The MACD has formed a death cross with the signal line and formed a red histogram.
in conclusion
Based on the recent price action and technical indicators, Audius (AUDIO) price appears to be at a critical stage. If the price can break above the current resistance and trendline, we could see a potential upside move that could target the $0.300 and $0.500 levels. On the other hand, failure to break above the resistance and a break below the main $0.150 support could lead to further selling pressure.
techinque level
The price of Audius is expected to face resistance at the $0.235 and $0.350 levels. The price is likely to find support at the $0.150 and $0.125 levels.
SOL
Solana is one of the most powerful blockchains that competes with Ethereum with a better ecosystem. It improves scalability through its innovative consensus model and better Defi solutions for traders. Solana has a block time of 400 milliseconds, and as the hardware speed increases, its network will also increase. The protocol has a TPS of 2872, while the fees for developers and users are less than $0.0025.
Solana recently launched Bond, a platform for non-cryptocurrency businesses to interact efficiently with their customers. Solana Labs says this will create a seamless experience for users who won’t even realize it’s web3.
According to the data, the maximum supply of Solana (SOL) is 578,159,843.58, of which 79.9% is in circulation and the rest is non-circulating. At the same time, the top 10 holders own 6.58% of the total supply; the top 100 holders own more than 22.7% of the total supply. The holdings of the top 100 holders have not changed significantly in the past seven days.
Solana’s TVL is $4.26 billion, and according to data, the number has been declining slightly. Solana DeFi’s Meteora and Orca platforms are among the largest TVL holders. Meanwhile, Jupiter and Raydium’s AMM volumes have surged. Solana’s NFTs have also been gaining popularity recently. Stepen and Madlabs have attracted a large number of users, with a total of more than 14,000 holders.
The protocol’s overall transaction volume has been growing. It has reached a three-month high of 40 million. The surge in transaction volume has also increased liquidity on various Solana platforms.
Will SOL price reach a high of $250 in 2024?
Solana has a market cap of $66.6 billion and ranks fifth on CMC. The asset price has fallen 53% intraday on volume. SOL price has slightly declined in intraday trading and is currently down 44% from its all-time high. SOL is currently in a descending trend channel. It has formed a weak bearish candle on the daily chart below the 50 and 100 EMA. The uptrend of SOL is likely to stall near $180, while support is likely near $125. The RSI for SOL is close to 38, with a negative slope. The overall sentiment of the RSI is bearish.
in conclusion
Solana's overall volume surged while TVL remained stable. Protocol AMMs and NFT platforms are gaining momentum. SOL is currently in a bearish trend but could hit new highs in the near future.
TRU
The RWA sector is very strong this year! TRU belongs to the RWA concept with a small market value and a strong and invincible background. It is the currency that rebounds the fastest after falling, and now it has a chance to fall.
The daily line has been consolidating for more than 20 days, the market value is low, a16z is the boss of this project, and it is about to take off! Don't think that all vc coins will rise, find the hot coins, buy strong coins, so that the probability of making money will be much higher! Use horizontal fluctuations to wash the market, strong coins will always be strong coins, backed by big capital for strong support! You can buy the dips at the bottom when the price drops! Wait for violent pull-ups!
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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