๐ Recently, a large number of altcoins have begun to show signs of movement, giving the illusion of an altcoin season! So I looked up the index online, and currently, only some select coins are available.
Related indicators are at bear market low levels, and the altcoin season index shows that most are still at bear market low levels. The altcoin season index from Blockchain Center is currently 39 points (out of 100), the lowest level since July. #ๅฑฑๅฏจๅธ็ญ็น
๐The Filecoin price curve ($FIL ) shows a strong and clear upward phase after a long period of consolidation and decline. Hereโs the simplified technical analysis ๐
๐น Overview of price movement:
Last bottom: at level 1.27 ๐ป
Current peak: at level 3.97 ๐บ
Approximate current price: 3.32
We observe that the price has risen by more than 200% approximately over a short period, which indicates a strong buying wave (Bullish Momentum) driven by significant momentum from traders.
๐ Technical analysis:
General trend: The trend has shifted from bearish to strongly bullish, with a clear breakout of several consecutive resistance levels.
Support and resistance:
First support: 2.32
Second support: 1.73
Current resistance: 3.97
Next potential resistance: 4.20 then 4.80
Technical indicators:
Long blue candles reflect the strength of buyers and the continuity of momentum.
The yellow line (likely the Parabolic SAR indicator) is still below the price, confirming the bullish trend.
๐ฎ Short-term expectation: If the price maintains stability above 3.00 โ 3.20, we may witness a retest of the level 3.97 and possibly a breakout towards 4.50 ๐ However, if it fails to hold above 3.00, the price may return to the support area of 2.30 โ 2.50 to rebalance before any new rise.
โ ๏ธ Alert: The market is currently in an overbought zone, which may lead to a temporary correction before continuing to rise. It is best to monitor volume movement to confirm the upcoming trend. #TRYHARED @Tryhared #FILCOIN {future}(FILUSDT)
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Musk has once again promoted $DOGE , suggesting to increase holdings.
As we all know, $DOGE is a leading Meme coin, with Musk as its endorsement.
It can be considered one of the most stable investment cryptocurrencies. Recently, the U.S. government has experienced a shutdown,
causing a significant market drop, and Doge has also fallen. However, in the long term, $DOGE 's average price can stabilize above 0.25. Those with capital can consider buying in now. The investment risk is relatively low.
Especially today, Musk has once again promoted it on Twitter. If you join late, you might miss the opportunity to buy at the bottom.
Today got the yellow tick๐ซโญโญโก finally and completed 30k โก๐ฅ๐ฅ๐ฅfollowers as well it would have not been possible without your support family ๐ค๐ซ๐ซ๐ช๐ช๐ชa small token of thanks from your own beloved #Bobbers @Binance Earn Official #BinanceSquare #Bob โ ๐๐๐โฅ๏ธ๐ฅ
โ โLarge trading volume = inflow of funds? ๐ก Answer: Not necessarily. Trading volume is just a turnover frequency and does not represent fund inflow. True capital flow should look at changes in open interest (OI) and the proportion of active buying.
โกโIs a high TVL a sign of safety? ๐ก Answer: Wrong. Many projects' TVL is inflated through circular collateral and flash loans. Real safety should be measured by net locked positions, not total TVL.
โขโIs a large bullish candle always a signal for a rally? ๐ก Answer: Not necessarily. Main players won't amplify bullish candles. A large bullish candle is often a sign of 'baiting' or 'selling during a rebound'.