The market is fluctuating and washing. Friends who hold spot stocks don’t need to worry. Just believe that the bull market is coming soon. There are five reasons:
1. After the BTC halving, the amount of mining has decreased, the amount of bitcoins in circulation has also decreased, and the market demand is high.
2. Before the halving, Bitcoin had adjusted by 20%, and many Altcoin adjusted by more than 50%.
3. Europe is expected to start cutting interest rates in June, and the US balance sheet reduction is also decreasing. This is all in preparation for the US interest rate cut.
4. BTC spot ETFs are still being bought, and large institutions such as BlackRock and Fidelity are also buying.
5. Many people think that the bull market is coming soon, and those large institutions must know it better. But the bull market will not come overnight, we need to be patient!
Pay attention to the 3 meme coins that are about to explode
BONK
The activity of BONK holders has increased again, which may further push the price of Meme Coin higher. On April 19, Bonk DAO revealed a proposal to destroy about 280 billion BONK tokens from its treasury, which is equal to the total amount of Bonk sent to the DAO by BonkBot since its inception. BONK has surged 71.73% in a week and is trading at $0.0000238. There are signs of volatility in the price of Bonk, with its RSI at 60.91, showing strong upward momentum, indicating a neutral position.
Going forward, Bonk may face resistance at $0.0000299 and even stronger resistance at $0.0000315, while support is at $0.0000186. In terms of moving averages, it is currently above the 10-day Simple Moving Average (SMA) at $0.0000195. This leads to optimistic predictions that expect BONK to reach around $0.000021 by the end of April.
PEPE
Pepcoin has been attracting increasing attention recently, especially after the Bitcoin BTC network completed its fourth halving. This event caused the price of PEPE to rise by 53.32% in just seven days, reaching a trading level of $0.0000073, injecting new confidence into the broader market. In six months, PEPE has surged an impressive 1401%, showing strong momentum. Pepcoin's recent movement indicates an impulsive pattern, as evidenced by the sharp rise in the short term. The Relative Strength Index (RSI) value of 56.70 indicates that PEPE is in a neutral market position.
According to the classic pivot levels, Pepe Coin has support levels of $0.000006863 and $0.00005829, and resistance levels of $0.000007897 and $0.00000931. Technical indicators suggest that Pepe Coin’s 200-day SMA will rise over the next month, reaching $0.000004840 by May 25. In addition, Pepe Coin’s short-term 50-day SMA is expected to reach $0.00001118 by the same date.
WIF
Dogwifhat is a new Solana-based memecoin that has attracted a lot of attention since its launch in November 2023. Since then, WIF has witnessed an extraordinary surge of more than 10,000x, and its price trajectory is still trending upward. Currently, Dogwifhat is experiencing a significant uptrend, trading between $2.28 and $3.54 at the time of writing. It has grown by 26% in the past week and 6.74% on a monthly basis. Dogwifhat's 14-day RSI is hovering at 51.30, and the market sentiment is currently neutral.
Looking ahead, if the upward momentum continues, potential resistance for WIF might be encountered near $3.44 and possibly even at $4. On the downside, support could be found around $2.89, with additional support at $1.50 in case of a larger pullback. Dogwifhat’s price prediction suggests that by the end of 2025, the price could reach $4.50, with the potential to surge to $6.78 if the crypto bull run experiences significant strength.
EOS surged 10% today. Is it still worth investing now?
Driven by the new token economy of the EOS network, trading volume also surged by nearly 300%. The CEO proposed a new token economic model that will consume 80% of the total future supply. The proposal aims to solve the key problems of the EOS network token economy. First, a large number of inactive users' EOS are dormant in centralized exchanges (CEX), while the truly active users and new users on the blockchain are not effectively incentivized.
It also aims to address concerns about the lack of a positive flywheel in the bull market, and help ecological projects with low circulation and low market value absorb EOS inflation. Finally, high liquidity plus inflation expectations increase the difficulty of market making, and EOS market value ranking continues to decline.
Suggested Solutions
Leverage EOS to incentivize active and new users through new minted tokens, while activating inactive users.
EOS+RAM is a positive flywheel, constantly absorbing EOS inflation and activating ecological vitality.
Prevent inflation with a 2.1B token supply cap, destroying ~80% of total future supply.
EOS price is trapped at the lower boundary of the market range, but upside potential appears limited due to a surge in the amount of bearish activity. The relative strength index (RSI) remains below the “50” average, indicating that bearish sentiment is prevalent. This is further reinforced by the fact that the moving average convergence divergence (MACD) remains in negative territory.
Unless the bulls can pull EOS price above the 50% Fibonacci placeholder at $0.9999, a correction could occur in EOS price that could lead the Altcoin down to the $0.7798 support level. This is an area where there has been a lot of bullish activity. The massive spike in the bearish volume curve shows this in the chart below.
If this support area fails to hold, the Altcoin could fall to the gray area of the volume distribution, where bearish activity is high. Here, the momentum of sellers could exacerbate the decline, leading the Altcoin lower. In the worst case scenario, EOS price could drop all the way to $0.6361.
On the other hand, an increase in buyer momentum could lead to an increase in EOS price. A close of the key candlestick above $0.9999 on the daily timeframe would invalidate the bearish thesis. Intensification in buying pressure could see EOS price break above the $1.1000 level and even higher, towards the $1.2000 threshold. In a highly bullish scenario, EOS price could reclaim the range high of $1.3612, a level last tested on March 7. Such a move would represent an upside of around 55% from current levels.
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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