Current market situation:
1. Bitcoin market sentiment turned from bearish to neutral, and prices fluctuated around key support levels, showing signs of adjustment.
2. In August, CEX spot trading volume increased by 8.03% month-on-month, market activity increased, and traders were cautiously optimistic about market recovery.
3. The market is paying attention to the US non-farm payroll data and its impact on the Federal Reserve's interest rate decision, which will have an important impact on short-term market trends.
4 Cryptocurrencies to Watch Right Now
OM
The price of OM is currently hovering between $0.84 and $0.96, showing uncertainty in the market. The price has fallen below the 10-day and 100-day moving averages, which are around $0.96 and $0.93, respectively. The relative strength index (RSI) is 38.73 and the stochastic oscillator is 40.37, both suggesting that the market is somewhat bearish. If it breaks through $1, it may rise to $1.31, which is a whopping 48% increase.
UNI
UNI is currently oscillating between $5.54 and $6.53, with bulls and bears fighting fiercely. The key resistance level is $7.06, and the support level is $4.83. Bulls may get a boost if the price can stabilize above the 10-day and 100-day moving averages. The RSI shows moderate bullish momentum at 58.86, and the stochastic indicator is as high as 70.27, approaching the overbought area. If the buying is strong, UNI is expected to break through $7.06 and even challenge $8.31, with an increase of up to 38%.
FET
FET is currently trading between $0.96 and $1.40, and despite a 20% gain in a month, it has fallen nearly 14% in the past week and more than 57% in the past six months. The price is below the 100-day moving average at $1.14, with bears dominating the market. Resistance is at $1.65 and support is at $0.79. A break above $2.24 could usher in a significant rally of more than 60%.
PEPE
PEPE is currently facing challenges, with the price fluctuating between $0.96 and $1.40. Although the price has fallen by nearly 14% in the short term, the one-month gain of nearly 20% offers some hope. The price is below key moving averages, indicating a bearish trend. If the bulls regain strength, PEPE may rise to $1.80, with a potential gain of more than 28%. But if the bears continue to exert force, the price may fall to the support at $0.79. The RSI shows oversold, which may trigger some buying interest.
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.
If you want to know more about the secrets of wealth or have any questions, please follow the official account: Blockchain A Zheng
