Dogecoin (DOGE) poised for a significant breakthrough: $0.50 within reach
The Dogecoin to USD exchange rate is breaking through the support level of $0.4250. Dogecoin is currently in the bullish zone and may soon break through the resistance level of $0.50. DOGE price begins to rise again above $0.440. The price is trading above the level of $0.4350 and the 100-hour simple moving average. A key bullish trend line has formed on the hourly chart for DOGE/USD, with support at $0.430 (data sourced from Kraken). If the price breaks through the resistance levels of $0.4600 and $0.4640, it may begin to rise again.
Ethereum and Ecosystem Opportunities The market trend has shifted to the Ethereum ecosystem, and the Solana ecosystem is no longer strong. At this time, you should pay attention to Ethereum and ecological projects, and pay special attention to callbacks.
Newcomers must know these ten points!! 1. Popular coins in a bull market drop the fastest. Those coins that are heavily speculated tend to burst quickly when the bubble pops. The more people chase, the more dangerous it becomes. It's like blowing up a balloon; if you inflate it too much, it will inevitably burst. 2. The tricks of altcoins are generally similar. The routine is usually to hit hard first, then gradually pull up, and change tactics to continue harvesting. This is how altcoins work; you must be mentally prepared. 3. The market's long-term trend is upward. If you look at a longer timeframe, the curve of the cryptocurrency market is relatively stable. Short-term fluctuations are normal, while the long-term trend is generally a slow increase. 4. Promising coins are often not speculated on. Truly promising coins are often quietly at the bottom, with few mentions, while those low-key coins quietly rise, like C98 and LEVER. 5. Be cautious of newly listed coins on exchanges; avoid those that experience sharp rises and falls. This is basically a trap designed by the market makers; entering means getting cut. 6. Fluctuations are common; buying leads to drops, and selling leads to rises—this is too normal in the crypto world. If you can't handle these fluctuations, then you really need to practice. 7. The strongest rebounds do not indicate potential. Coins that rebound the hardest are often not the ones with potential but are instead speculative pumps. Don't be misled by appearances; truly promising coins have more stable fluctuations. 8. Be careful of being cut after a sudden pullback. If you buy a coin and it rises, only to suddenly pull back, it may indicate that the market makers are starting to sell off. Be cautious not to get cut. 9. Coins that explode in the second half may have a breakout. In a bull market, coins that perform generally in the early stages may explode several times in the second half. They are like marathon runners, exerting their strength in the latter stages. 10. Coins that have been trading sideways for months may explode. In a bull market, some coins may experience several times in price increase and then trade sideways for months, indicating they may be waiting for the next wave of explosion. You need to keep a close eye on such coins. If your operations are not smooth and you feel confused, remember two things: First, have strong initiative and strike decisively; Second, stay online and respond promptly when news comes!
You must think clearly about the overall upward trend and what you should do.
Do not be influenced by those who turn bearish when things go up, or claim they were right when things go down, and continue to be bearish, even if the data seems reliable; even if they are occasionally correct, it brings no benefit.
The main theme of a bull market is upward movement, and only a few trend waves are worth trading, not the usual small waves.
This small wave inertia mentality can lead to significant losses during major market movements. Similarly, the same applies in a bear market.
Recently, the trend of Ethereum is stronger than that of Bitcoin. Ethereum has almost recovered the negative decline of the previous two days, but Bitcoin has not recovered it yet. This shows that Ethereum is going to make an effort and start to catch up. In December, Ethereum is expected to return to more than 4,000. Hold the spot and don’t get washed out.
The most difficult thing in a bull market: hold on First, the volatility is large, and the retracement is also severe Second, fear of heights, the more it rises, the more afraid it is Third, basically the bottom is gradually rising Fourth, other people's coins rise faster and more fiercely than yours, you doubt your life, and finally you can't help but sell it and it takes off. Fifth, there are too many idiots who spread anxiety and post pictures, and they make millions or tens of millions of dollars at any time.
Bn's newly launched BNB dex can be said to be Bn's own product. The cross-chain lending ecology and strength are all good. I originally wanted to wait for a pullback, and then buy some. With the crazy rise of Ethereum yesterday, good things are good things. It is too high at present and difficult to take. The position is not suitable. You can take it near 2.5. If you want to take it near 2, you don't have to think about the position .
In recent days, whether it's Dex lending bags, liquidity staking, or new listings on bn, THE aims to compete with ERC20's Dex. The entire DeFi ecosystem is taking over this market, lighting up one after another!
DEX: Uni, Sushi, SNX, Joe are the leading Dexs moving forward. Besides the leader, Uni exploded yesterday, while SNX and Sushi are continuously rising. This series is showing strong performance! Lending bags: Aave, LQTY are both performing strongly; Aave has been steadily progressing. LQTY itself is part of the ERC20 series, so it is more affected by ETH. Liquidity staking: LDO, ETHFI, SSV don't need much introduction, as we discussed yesterday. Based on yesterday's performance, they are not bad. The above mentioned are all DeFi series that have performed well recently, and there is still some space for these high-quality DeFi tokens. However, you might be hesitating or missing out on these DeFi gems. Recently, I've mentioned DeFi the most. Earlier, I brought up a JUP from the SOL series. I think JTO and RAY's performance this year in SOL is quite good; JUP is just unreasonable. There will be a vote on the 29th, and it has gone up a bit these past two days, so let's wait until the 29th. In the short term, I only have high hopes for two: TRU and QI. TRU is currently at 0.11, and QI is currently at 0.018. Take a look at these points yourself. It's quite fair!
There are just two opportunities in the current secondary market: 1) Projects launched on Binance Around 100 million USD market cap, mindlessly buy on-chain 2) Opportunities from secondary altcoin wash trading In the category of big narratives, K-line washes out horizontal state Simple and straightforward, buying in this market can usually yield several times returns Friends who understand this, please like!
FIL As the leader in the storage sector, it once enjoyed immense popularity, receiving countless favors. In April 2021, it迎来了高光时刻 (welcomed a moment of glory), but since then it has experienced a decline, falling from grace and plummeting to the bottom. It has been stagnant for over two years, becoming an unresolved sentiment for many. With the onset of this bullish market, many still hope that FIL will perform well.
Recently, Grayscale publicly disclosed its FIL holdings, and the official announcement on X stated that they have begun publicly subscribing to FIL in private placements. Their FIL holdings continue to increase, indicating that there will be a significant influx of capital in the future.
Currently, it is advisable to lay low and gradually position oneself; the cost-performance ratio should still be quite good.
Which stage of the bull market are we currently in? Bull Market Stage 1: Rises to the point where you are scared Bull Market Stage 2: Rises to the point where you are not scared Bull Market Stage 3: Rises to the point where you think it will continue to rise Bull Market Stage 4: Falls to the point where you think it will still rise.
Recently, established mainstream public chains, Meme, and GameFi sectors have shown obvious signs of upward movement. The following sectors may rotate next:
ETH Ecosystem Sector:
Representative projects: EIGEN, PENDLE, UNI, etc. With ETH's strong performance, related ecosystem projects are expected to welcome opportunities for rebound.
RWA Sector:
Representative projects: POLYX, RIO, etc. The heat of RWA continues, and some projects within the sector show signs of initiation, worth continuous attention.
AI Sector:
Currently, large-scale initiation has not yet appeared, and projects such as TAO, ARKM, WLD may become the focus of subsequent explosions.
Market Rhythm Analysis:
The short-term heat of established mainstream public chains may come to a temporary pause, with a focus on new hot spot transitions. The Meme sector, such as ACT, PNUT, may expect another wave of market activity. Once the sentiment warms up, a single bullish candle can alleviate the market's negative sentiment.
It is recommended to closely monitor the market rotation rhythm and lay out potential sectors in advance.
ZRX Revisiting it again, not the first time mentioning it, but it indeed hasn't disappointed us. 20% in one week with two waves. We can continue to hold, considering the 0.5 position. BEAMX In my eyes, one of the few game series worth paying attention to. bn supported mc before replacing beamx, then bn pushed it again. After going live, it surged by 10. We have been operating it back and forth, and it's been very good to do. This round did not follow the gala flow ygg launch, which is also a good thing. It doesn't follow the trend of the game series. The 0.22-0.24 range has been moving sideways for half a month now, remaining still. Instead, each time it starts, we observe btc moving sideways or slightly rising, it suddenly jumps up by 15%-20%. Currently, I feel the overall situation is very healthy, right at 0.23, without any issues. The probability of soaring is high.
In the past few days, the market has seen a pullback, causing many to panic, with nearly $600 million in long positions being liquidated. What I want to say is: First, the bull market is not over; it is completely normal for BTC to pull back while challenging the $100,000 mark; Second, many altcoins have not dropped significantly, indicating that there is a willingness to support from funds, making this a good opportunity to position for the next round of altcoins, such as XRP, TIA, STX, RIF, LPT, IMX, YGG, etc.; Third, ETH is clearly strong, and there is a high probability that ETH will rebound and rise further, with the Ethereum ecosystem likely to perform well, including SSV, LDO, ENS, etc.; Fourth, from an international fundamental perspective, the end of the Lebanon-Israel war is a positive factor; December holidays in Europe and the US are favorable; however, the Fed's potential interest rate cuts in December due to policies from the Trump administration could increase inflation slightly, which is a bit negative.
In summary, seizing the opportunity to position strong coins during this pullback is a chance for wealth growth before the year ends!