The current market situation is vaguely revealing the trend of a second dip, and this is precisely a rare opportunity to enter the market, which means that potential value treasures are waiting to be discovered. We predict that from August to October, the market will most likely usher in a significant upward trend, which is the main rising wave stage.
It is particularly important to note that the interest rate cut policy is expected to be implemented between September and October, which is likely to become a strong driving force to push the market to a new peak. The high point of this wave of market is expected to be in the range of 86,000 to 96,000. However, whether it can accurately reach or break through the 100,000 level is not the top priority. The key point is to accurately grasp the timing and flexibly choose to exit before the high point arrives.
Looking ahead to the future market trend, this year or early next year may be the peak of this round of market, and the high point is expected to appear between the end of October and the beginning of November. It is worth noting that from historical data, US stocks often experience a large correction after interest rate cuts. This trend cannot be ignored, and investors must always remain vigilant.
This round of bull market presents different characteristics from the past. It is no longer a comprehensive and general rise, but focuses more on specific sectors and high-quality projects. For those investors who expect the market to prosper across the board, they may need to adjust their expectations and clearly understand the reality of market differentiation. As an important market signal, the interest rate cut heralds the arrival of loose policies, but it also means that the subsequent growth momentum faces the challenge of transformation.
In this context, every market correction can be seen as an excellent opportunity to plan for the future and accumulate investment chips. In terms of currency selection, we recommend focusing on projects with high capital concentration and strong support behind them, as they are more likely to stand out in the market.
3 cryptocurrencies that could surge 100x before the bull run!
1. RNDR
RNDR price has climbed positively by about 5% in the past 24 hours, showing strong signs of recovery. It is particularly noteworthy that the AI token is currently trading at a significant discount of more than 50% from its peak. Based on its solid fundamental analysis, this has become an ideal time for investors to increase their holdings and accumulate more tokens.
However, the technical analysis presents a certain complexity. The 50-day and 200-day EMAs continue to decline, indicating that a pessimistic signal of a "death cross" may be about to form at the daily chart level, which is usually regarded as a sign that the market trend may weaken.
But at the same time, the RSI (Relative Strength Index) shows a steady upward trend on the price chart, suggesting that a potential bullish convergence pattern is forming, which adds a touch of optimism to the future trend of RNDR. Combining these two key indicators, the price outlook of Render tokens seems to be shrouded in an atmosphere of both hope and worry.
Looking ahead, if the cryptocurrency market can usher in a wave of positive gains in the next few days, this positive sentiment may push the RNDR token further up and challenge its key upward resistance level of $9,450, especially in this July time window, such opportunities are particularly worthy of attention.
2.OM
is the native token of Mantra, a security-focused RWA Layer-1 blockchain that is currently showing a bullish trend. In the recent bull cycle, the OM token started from the support level of $0.6251 and rose by 47% in 15 days.
Currently, the RWA token is trading at $0.96, up 4.73% overnight. Moreover, the bullish trend is ready to break the psychological barrier of $1, signaling a new high momentum surge. According to the trend-based Fibonacci levels, the bullish reversal is ready to challenge the 38.20% level.
Technical Analysis: The EMA 50-day line continues to support Mantra prices on the 1-day timeframe, showing strong bullish sentiment towards the altcoin. The RSI indicator continues to hover near the overbought zone, highlighting the strengthening of price action. The average trendline hints at a possible bearish crossover, indicating uncertainty in market sentiment.
3.INJ
At a time when the cryptocurrency market is experiencing severe turbulence, the INJ token has shown extraordinary resilience, achieving a gain of approximately 5% in the past 24 hours, accompanied by a surge in trading volume of up to $119.64 million, an increase of even more A significant increase of +9.80%. This positive move is particularly critical as it signals that INJ has successfully gained a foothold at its important support level, signaling a build-up of positive market sentiment.
In-depth technical analysis shows that although the MACD indicator is currently showing a continuous reduction in the red histogram, this is actually a reverse signal, suggesting that buying pressure in the cryptocurrency market is gradually increasing. At the same time, the dynamics of the average line are more intuitive, showing obvious signs of bullish convergence, paving a positive trading environment for the subsequent trend of Injective tokens, indicating that prices are expected to move forward steadily under the influence of positive factors.
Looking ahead, if the bullish forces in the cryptocurrency market can continue to prevail, the rise of Injective tokens is expected to extend further, and its price target is directly at the key resistance level above - $28.25. This expectation not only brings hope to investors, but also highlights the unique value and potential of INJ tokens in the current market environment.
Finally, it is recommended that when the trend is clear and the market enthusiasm is high, we should firmly grasp the opportunity and operate flexibly, so as to move forward steadily in the ever-changing market. In short, although there are risks in the market, there are also endless opportunities. The key lies in how we can grasp them accurately.
