Bitcoin has been sideways for nearly half a year, and the beginning of the big bull market in the fourth quarter that we are pinning our hopes on is getting closer and closer. Since it plunged below 50,000 on August 5, it has clearly reminded everyone that the adjustment is over and that we must bravely participate. Recently, it has repeatedly drawn the door near 60,000 to further wash out the uncertain chips. These trends are all in preparation for the main upward wave in the fourth quarter. There is still a chance to break through six figures before the end of the year. The reason is that global inflation will continue, and a part of the huge amount of profit-taking in U.S. stocks will always flow into the crypto market as a new asset allocation. The crypto market will become a new reservoir of US dollars. As the most inflation-resistant risk asset, Bitcoin will naturally be further favored by institutions. Visible wealth will definitely come, it's just a matter of sooner or later.
Ethereum has received relatively little attention recently and is relatively sluggish. It is expected to continue to be linked. We will not pay attention to it for the time being because it has not come up with anything new. Other public chains have begun to take action in the past two days because they have seen changes in the market. The trend is likely to change. At this moment, we must pay closer attention to the market and not miss the period when gold is everywhere. (The current Altcoin index is 22, which is at the bottom range relative to Bitcoin)
One more thing to add: the "artificial bull market" mentioned above refers to the fact that the tokens that have been greatly raised by the exchanges recently are all small-cap and illiquid tokens. These tokens have long had no liquidity chips, so their raising actually does not require any cost. This is a bull market created by the exchanges and project parties. It is just lively, but it is difficult for anyone to make money. False prosperity is also prosperity. It is enough to be the fuse for the market to strengthen, because the market has reached a sufficient freezing point, and only a little spark can ignite the capital sentiment in the market. From today, please pay more attention to the crypto, and the effect of getting twice the result with half the effort will follow in the bull market.
Ambush 5 Altcoin that are expected to surge 100 times!
1.HOT
Despite the bearish trend in the cryptocurrency market, Holo’s price has risen by more than 7% in the past day, with a trading volume of $26.935 million and a change of +256.39%. Moreover, it has risen by 5.62% in the past week and ranks 166th with a market cap of $265.73 million.
The technical indicator MACD recorded an upward trend in the green histogram, with a bullish convergence of its averages on the 1D timeframe. This highlights the increase in buying pressure on the price of Holo in the cryptocurrency market.
If the market continues to trade with the bullish sentiment, HOT price will drop towards the resistance at $0.002120 in the coming weeks.
2.MATIC
After trading under a brief period of bearish sentiment, Polygon price has seen a strong bullish rebound, gaining 7.51% in the past 24 hours and 14.43% in the past 7 days. Moreover, the Altcoin is on the verge of reclaiming the $0.5 mark, indicating an increase in buying pressure.
The Relative Strength Index (RSI) has broken above the midline and is rising towards the overbought zone. Moreover, the 50-day EMA is about to record a positive crossover. This suggests that the price of Polygon will continue to rise in the coming period.
Sustaining the price above the important support at $0.50 will set the stage for MATIC price to test its overhead resistance at $0.690.
3. BTT
As the price action intensified, BTT price surged by more than 25% in the past day, with a trading volume of $84.79 million. In addition, it has risen by 27.16% in the past week and 6.32% in the past month. With a market cap of $915.46 million, it has ranked 69th.
The technical indicator RSI shows that the indicator is rising sharply towards the overbought zone. Moreover, the SMA is continuously providing support to the BTT price chart on the 1D timeframe. This indicates a strong bullish outlook for the Altcoin this week.
Assume that the market pushes the BitTorrent price above the resistance at $0.0000009450. In this case, the Altcoin will be ready to test its maximum at $0.0000012260.
4. SUN
The project aims to support the Tron ecosystem and is the first project to support stablecoin exchange, autonomy, and token mining. Its native token "SUN" acts as a transfer method on its block. In addition, it also provides users with special permissions for voting, community governance rights, and value acquisition.
It is worth noting that the stock has gained 59.86% in the past day with a trading volume of $330.601 million, a gain of +472.55%. In addition, the stock has gained 109% in the past week and 78.60% in the past month. SUN (new stock) price has returned 135.91% so far this year.
It is trading at $0.0196 with a circulating supply of 9,951,640,722 SUN tokens and a total supply of 19,900,730,000 SUN tokens, ranking 197th with a market cap of $190.784 million.
5. FTM
After trading under a brief period of bearish sentiment, the Fantom token has managed to resume bullish momentum by breaking above its critical support trendline at $0.2325. Furthermore, the token has gained 3.88% over the past day with a trading volume of $95.669 million.
Moreover, it has gained 8.25% in the past 24 hours and has surged about 57% in the past 16 days. Notably, with a circulating supply of 2,803,634,836 FTM tokens, it ranks 58th with a market cap of $1.127 billion.
The relative strength index (RSI) continues to rise on the FTM price chart, and its average trendline is also showing a similar trend. This shows that the market's bullish sentiment towards Altcoin has increased.
Furthermore, the MACD indicator has recorded a constant green histogram on the 1D timeframe. Moreover, its average value has shown an upward trend. This indicates that the Fantom token will continue to appreciate in the future.
If the market sustains the FTM Token price above its support at $0.390, the bulls will be ready to test its resistance at $0.5375. Sustaining the price at this level will push its value towards its upper resistance at $0.680 in the coming period.
