When the market for the big pie begins to get out of control, and by the way, you have to believe that everyone is the same, and they are all bearing the shrinkage of assets brought by the big pie. The only difference may be that they will pay attention to the current trend in a timely manner. reasons, and then judge the possible short- and medium-term impacts, and then draw conclusions to encourage everyone and replenish their faith.
Has the market fallen to its position?
From the high point of 73,000 to the lowest of 61,000, a 15% retracement has occurred. It can be regarded as the second decent retracement since this round of rising prices. The first time was on March 5, when the price fell back close to 15% in one day.
First of all, I personally feel that it has not fallen to the level yet. The logic of not falling to the level is that the strongest support range of the market is around 58,000. However, the worst-case scenario is: if it falls below 60,000, this strongest support range will most likely be used by the main force to deceive people into buying the bottom. To put it bluntly, it only fluctuates between 60,000 and 58,000. After people buy the bottom and get on the bus, it will plummet directly and fall below 55,000. The public's bottom line of defense of 53,000 will even be upgraded to let it cut off the flesh and then rebound at the bottom.
On the contrary, if you don’t choose to go through a market trend of 30% correction, more than 30% bullish turnaround, and more than 30% major washout. Then, the high probability is that 58,000-60,000 is the stage bottom of this wave of market.
Invest in 4 100x Tokens Before the Next Bull Market Launches!
ORDI
ORDI is becoming a key player in northbound development as the market moves into green mode. ORDI is currently trading at $58, up 3.23% in the past 24 hours. This rise indicates bullish sentiment among investors and demonstrates its strong performance. Additionally, the coin’s high liquidity is evident through its massive market cap.
With its solid foundation and strong community support, ORDI presents strong potential for future growth. Therefore, it is predicted that cooperation with other networks may push the token price to $152.51 by 2024. This forecast shows confidence in ORDI's trajectory, underscoring its positioning for further success.
ARB
Due to the explosion of SOL and the overall explosion of the SOL ecosystem, it can be said that Ethereum has been defeated. The result is that Ethereum, the Ethereum ecosystem, and even Ethereum, the tipping point in the early stage of this round of market, OP and ARB, the L2 representatives upgraded in Cancun, basically did not take the turn to perform. So, after the market wash is over, if the next round of market starts, it will most likely be the turn of Ethereum and the Ethereum ecosystem to go crazy.
NEAR
The NEAR protocol has experienced a bullish trend in recent weeks. Its price surged from $2.97 to $7.16, and this rise was accompanied by a significant increase in market capitalization from $3.08B to $7.74B. It saw gains for a large portion of the trading day (18/30) as the coin consistently traded above its price 50-day and 100-day EMAs. Therefore, a further climb to $10 is expected by the second quarter of 2024.
NEAR's upcoming participation in Nvidia's artificial intelligence conference has fueled this upward trend. The move brings valuable insights and potential partnerships and is expected to have a positive impact on NEAR's market performance. At the same time, historical data illustrates the impact of partnerships and exposure to industry events.
DONE
Fetch.ai (FET) is at the forefront of a transformative movement with its blockchain-based decentralized machine learning network. This innovative approach aims to decentralize digital transactions, improve efficiency and overall user experience.
The rise of FETs has attracted the attention of investors, especially those interested in the rapidly expanding field driven by artificial intelligence. As an AI token, Fetch.ai has successfully increased the accessibility of artificial intelligence technology.
In the latest trading session, Fetch.ai’s market valuation surged 4%, with FET prices reaching $2.68. This growth brings its market capitalization to $2.25 billion, placing it at No. 54 in the global market rankings.
Over the past month, FET has surged 222% in value, positioning it as the top altcoin to invest in, with the potential to add a significant $10 to an investment.
