BTC has risen for 6 consecutive days!
Now, 65,000 is the key pressure point. We need to accumulate momentum and sprint several times before we can break through! Once we stand firm at this level, it means that the adjustment is over and the market will completely reverse! The bull market will set sail again!
The market always follows a cycle with four phases: accumulation, rise, distribution and decline . Now, we are about to enter an uptrend, and there are several important factors driving it:
The US election is approaching: political changes always cause market fluctuations!
Interest rate cut is coming: In a low interest rate environment, funds are active and an investment boom is about to break out!
Global ETF adoption: More and more investors choose ETFs, improving market liquidity and confidence!
FTX spending picks up: the industry is gradually recovering and capital inflows are accelerating!
China's Crypto Regulatory Changes: Potential New Policies May Inject New Vitality into the Market!
4 Cryptocurrencies to Watch Right Now
TAO
The entire AI field is rising, and the on-chain AI led by the TAO ecosystem is performing particularly strongly. TAO has risen 4.46% in the past 24 hours. The current TAO price fluctuates between $380 and $520. It has completely broken through the EMA20 and 100 days, leading the market rebound. It is currently testing its key resistance level of $500. Although it rose by more than 55% last week and 77% in the month, if it can break through the $500 mark, it may rise by 23% to $646 in the future!
FET
FET is trading between $1.3 and $1.7 and is currently breaking through the critical resistance level of $1.65. Although the price is up more than 50% from a month ago, it is still down about 40% from six months ago. The RSI of 60 shows that the upward momentum is slightly to the upside. If the bulls rebound, FET has a chance to challenge the resistance level of $2.01.
TRX
TRX price is stable at around $0.15, with a weekly increase of 2.75%, but overall weak. RSI is 55, showing potential upside opportunities. $0.16 is the current key resistance level, and if it breaks through, it may rise by 6% to retest $0.17. If the bears continue to dominate, the price may drop to $0.14 or even $0.11.
DOGE
DOGE price fluctuates between $0.95 and $0.11, with RSI hovering around 50 and slightly upward. It has risen by about 2.5% in the past week, but has fallen by more than 38% in six months. To consolidate the upward trend, DOGE needs to break through the key resistance level of $0.12. If successful, it is expected to rise by more than 20% to $0.145.
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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