The recent violent fluctuations in the market have left everyone feeling anxious.
However, ETH has held steady during the oscillation, with a market value of around $53.3 billion. Institutions are frantically buying, indicating strong confidence in the future market. If the market value can break through $6000, there's a high probability of reaching new highs. With institutions clustering to buy ETH, the market's focus is gradually shifting to Altcoins, and the market may not have truly heated up yet.
In this market trend, which potential coins are worth preparing for in advance? After ETH's 4-day decline, I've also selected 4 potential targets and will share my personal thoughts this weekend.
Potential Target 1: OP - Counterattack Opportunity for an Established L2
#OP Receives Major Good News: Coinbase Collaborates with Optimism to Launch Base Network, and will share part of the transaction fees with the OP treasury. As the first EVM-compatible Rollup solution, OP's position is unquestionable, enjoying Ethereum's security while amplifying expansion efficiency.
Followin Public Account: Meow Sister Talks Coins From the Market Perspective:
- Weekly line stands firm above the key support of 0.457, forming an upward engulfing pattern;
- The long-term downward trend line has been broken, with the trend switching to a bullish rhythm;
- First golden cross near the MACD zero axis, with a high success rate.
This is a consolidation and bottoming stage. Once breakthrough occurs, it could be the start of a major bull market. Short-term can find entry points in smaller cycles, and spot trading can be done through dip-buying, without waiting for an "absolute low point".
Potential Target 2: SSV - Infrastructure for Staking Track
#SSV is the infrastructure for Ethereum staking, focusing on Distributed Validator Technology (DVT), which can reduce malicious risk and improve security. Limited supply, with a total of 11.01 million, and 10 million in circulation.
Technical Perspective:
- Weekly line oscillating at the bottom, price has broken through the long-term downward trend;
- Daily line in a bullish attack phase, currently retracing, focusing on 4-hour stop-loss signals;
- Key levels: buy in batches at 7.48 and 6.4, with the 12-day neckline as the breakthrough point.
Dropped from 66 to 4.26, a 93.5% decline over 385 days. Now in a phase where the left-side decline is complete and the right-side reversal is brewing.
Potential Target 3: AVAX - "Accelerator" of Multi-Chain Ecology
#AVAX, one of the Layer 2 protocols strongly supported by Vitalik, technically follows a heterogeneous multi-chain route with fast transaction speeds and low fees. Currently, the ecosystem has over 500 projects, with comprehensive DeFi and DEX offerings.
Communication+V: c13298103401 Market Structure:
- Weekly line shows a typical inverse head and shoulders pattern;
- Highs and lows gradually rising, with narrowing amplitude;
- Neckline at 23.53, with 18.5 being an excellent entry point during pullback.
Pullback is an opportunity, with the bull market pattern already established.
Potential Target 4: LPT - Intersection of AI + Web3.0 Narrative
#LPT is an AI/Web3.0 narrative coin held by Grayscale. It's an open video infrastructure on Ethereum, with LPT serving as a governance and incentive token with a clear positioning.
Communication+Q: 3806326575 Technically:
- Weekly line in a bullish attack phase, currently pulling back to the neckline;
- Lows continuously rising, shorter pullback times, volume shrinking, direction about to be chosen;
- Watch the 5.7 area for dip-buying.
Once the pullback ends, LPT may launch a strong offensive.
Summary:
It's already August 17th, with less than 4 months left in the year. Whether you'll have a "fat year" depends on your next choices. In a bull market, the most important thing is not daily chasing and killing, but maintaining your mindset and being brave enough to buy in batches in reasonable ranges.
Preserving capital and grasping the trend is key to potentially turning things around in the coming years.
Market trends come in waves, and going solo can easily lead you astray. To catch the next wave of potential multipliers, welcome to join my circle, where you can watch the market, communicate, and buy the dips with a group of old friends! Let's take fewer detours and outrun the next bull market!
📬V: c13298103401
💬Q: 3806326575
