Bitcoin is currently in a box-shaped oscillation state, with no obvious downward trend, and the 4-hour MACD shows a top divergence. You can buy low and sell high in the 62700-64800 range. The consolidation has lasted for 7 days and is expected to break through to 65,000.
The market was unusually lively today. The Fed Chairman, five board members and Treasury Secretary Yellen, a total of seven senior officials, came out to show the importance of communicating with the market after the first rate cut. After the rate cut, the market is seeking to reposition itself and is looking forward to the subsequent rate cut rhythm. Their main statement was to appease the market's concerns and give moderate expectations, but not to be overly optimistic. Now it depends on whether someone will come out to pour cold water.
As market sentiment improves, the tokens of the Decentralized Physical Infrastructure Network (DePIN) have become the focus of attention in October. As the end of September approaches, the market may say goodbye to dullness. Xiao Miao has sorted out 5 DePIN-related currencies worth investing in. Let's take a look at them together:
$TAO: Multi-month highs drive gains
$TAO, a token for a decentralized machine learning network, has risen 78% in the past week and is now priced at $548, a new high since April. The market is bullish on it, and the accumulated fund flow (OBV) continues to rise, indicating strong demand and greater buying pressure than selling pressure. If this trend continues, $TAO is expected to break through the resistance level of $651.34 and further challenge the historical high of $774.86. If the market sentiment continues to be positive, Bittensor's performance will be worth watching.
$XRT: Demand surges, momentum strong
$XRT, a token for a decentralized cloud storage network, has performed well recently, with its price rising 83% in a week to $4.72. The CMF shows continued strong buying pressure, pushing its price up. If the momentum continues, $XRT is expected to challenge $7.71. However, the risk of profit-taking is rising, and investors should be wary of the possibility that the price may fall back to the monthly low of $1.84.
$RENDER: Breaking through key moving averages, prices are expected to continue climbing
Render recently reached $6.1, up 31% over the past week, and successfully broke through the 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA). This breakthrough indicates that its upward momentum has increased, and if it can hold these moving averages, $RENDER is expected to further test $7.26. Moving average breakthroughs are considered bullish signals and indicate strong upward momentum. As long as $RENDER maintains a strong trend, investors should pay close attention to its future performance.
$ANYONE: Continuing bullish trend
Anyone Protocol connects traditional applications with decentralized privacy networks. Its token $ANYONE has risen 68% in the past week and is currently priced at $1.23. Price trends show that $ANYONE may continue to rise in October, and the parabolic reversal (SAR) indicator also shows that the upward trend remains strong. If the current momentum is maintained, $ANYONE is expected to reach $1.45, but if market sentiment turns pessimistic, the price may fall back to $0.86.
Iagon ($IAG): Further growth potential
Iagon ($IAG) is an AI-driven shared storage and computing economy platform. Its token $İAG has risen 63% in the past week and is currently priced at $0.12, a new high since June. The Moving Average Convergence/Divergence (MACD) indicator shows that the short-term average has surpassed the long-term average, suggesting that the upward momentum is expected to continue. If the buying momentum remains strong, $IAG has the opportunity to climb further to $0.14; however, if the buying pressure weakens, the price may fall back to $0.10.
My point is very clear: this year, altcoin investment should be fast in and fast out, not long-term, only short-term or medium-long term. Run away if you make money in the short term, and only return the principal if it is strong, and throw away the rest. Tokens participating in hot sectors. With the emergence of various memes and new sectors, most altcoins cannot return to their previous market value, and only a few can rise four or five times. Most tokens will fluctuate downward after rising, which is a short-term trend.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
