Solana-based meme coin called Dacity Coin exploded by nearly 2,900% after the latest GTA 6 launch trailer featured a fictional cryptocurrency with the same name. According to NS3.AI, the token’s market cap jumped from $104,000 to $3.18 million within an hour of Thursday’s trailer release. However, the rally quickly lost steam, with its market cap dropping approximately 53% to $1.5 million.
Interestingly, traders had launched the token just five days earlier, following leaked gameplay footage that revealed the fictional coin. The hype created a rapid trading frenzy, with DEX Screener data showing that 24 traders reportedly made more than $10,000 in profit. Rockstar Games has yet to comment on the token or its unexpected market surge. The takeaway: A single pop-culture moment can send a meme coin into overdrive—but as this rally shows, explosive gains can reverse just as quickly.
My bias stays bullish as long as buyers defend support. A clean breakout could push price toward the next resistance zone. I’ll stay disciplined and let price confirm the setup.
BSP is showing strong buying momentum, with bulls maintaining control. A sustained hold above the entry zone could open the door to further upside. Watch resistance levels and manage risk carefully.
Strong bullish momentum keeps $ZEREBRO in focus. Holding above the entry zone could open the door to further upside. Wait for confirmation and maintain disciplined risk management.
$CAP A solid breakout with buyers keeping pressure on the highs. The setup stays attractive while price respects the entry area. EP: 0.08738 TP1: 0.09200 TP2: 0.09800 TP3: 0.10500 SL: 0.08300
$MOVR has pushed through with serious strength. As long as buyers defend the current area, the structure still leaves room for another upside leg. EP: 3.1253 TP1: 3.3500 TP2: 3.6000 TP3: 3.9000 SL: 2.9500
$AVA I’m watching this move for continuation. Price is holding the breakout area with strong momentum, so I want to buy controlled weakness rather than chase.
The Fed has my full attention this week. August core CPI rose 0.3% month over month and 2.4% year over year, keeping inflation above the Fed’s 2% goal. The September 15-16 FOMC meeting is now the key event. My view is simple: I’m not treating a 25bp hike as the start of a long hiking cycle yet. Fed Governor Waller recently said he could support holding rates if disinflation continues, while warning that a renewed inflation problem could justify a hike.
If the Fed hikes, I expect the first reaction to be risk-off. BTC and tech stocks could face selling pressure, while gold may also struggle as yields and the dollar react higher. I’m not chasing the headline. I’ll wait for Powell’s guidance, then trade the market’s reaction. For me, the follow-through matters more than the first move.