In the past two days, APE has seen the most dramatic surge, jumping from around 0.1 to 0.18-0.2 overnight, a 70%-90% increase in 24 hours, with trading volume once exceeding $850 million. Many are asking: Is this a genuine move by major players, or just short-term speculation?
I am clearly bullish; this is definitely not a flash in the pan. APE has been dormant for two years, and the project team and major players have already accumulated enough shares at low prices. Now is the time for a breakout.
For established tokens like these, there's no need to refer to MYX, SIREN, or RAVE; just look at ORDI. The pattern is the same. After a long period of low attention, the project team accumulates enough tokens at a low price, then pumps the price to attract liquidity to buy them.
Technically, there's a breakout from the bottom with high volume, a huge green candle, and all indicators are in sync. Fundamentally, BAYC is celebrating its fifth anniversary, a new CEO has taken office, and ApeChain and Otherside are still progressing. Around 0.18 now is the best entry point. Don't hesitate; you'll likely thank me in a couple of days.
Next, we'll analyze a few Altcoin.
DOGE
Dogecoin's technical chart looks promising, with multiple moving averages aligned in a bullish pattern, supporting the price in the short, medium, and long term – a classic upward channel. Trading volume is increasing moderately, neither overheated nor stagnant. Crucially, each pullback has held above the previous low, preventing new lows, indicating that there are buyers below and the short sellers have largely exhausted their positions.
This is a typical continuation pattern in an uptrend, not a sign of weakness; it's the main players consolidating and building momentum. The longer the consolidation, the stronger the breakout. At the current 0.98 level, you can place low-leverage long orders and patiently wait for the right opportunity.
BLEND
The opening of BLEND was quite interesting. After surging to 0.2756 last night, it quickly fell back to around 0.11 and then consolidated. The data also clearly shows that over 76% of small orders were panic selling, while large funds steadily bought in at this level.
The real key moment is at 9 PM tonight, when the withdrawal channel will officially open. The period of consolidation around 0.11 before that was simply the major players shaking out retail investors.
PENGU
Pengu has been consolidating at this level for a long time. It broke through the bottom a few days ago, and after a brief period of consolidation, it's probably close to a surge. Hopefully, this wave can reach the expected level of 0.013-0.014. There hasn't been a good market for several months.
AAVE
Although the AAVE theft incident a few days ago led to a huge turnover, it did not fall below the lowest point. I understand that there was absorption by the bulls. If the news improves (there is currently such a trend, such as the establishment of the DeFi Security Alliance), it may be able to rebound.
