The crypto circle is really 'some are happy, some are sad'! XRP is stubbornly stuck at $2.0, ADA is lying still, the AVAX ecosystem is exploding but prices aren't rising, only ZK has touched the low point, maximizing the cost-effectiveness for bottom fishing~
🚀 XRP: Stubbornly holding at $2.0, breaking through to $2.5 requires overcoming three hurdles!
#XRP This kid is also stubborn, repeatedly bouncing around the $2.0 mark. Clearly, Ripple has good news, and the US XRP ETF is still increasing, but the price just hasn't made a decent rebound, still far from the glorious moment of $2.5 over a month ago.
But now there is good news! Well-known analyst Ali Martinez said that XRP has shown bullish signals - as long as it can hold the key line of $1.9, the TD sequence buy signal will take effect, potentially surging directly to $2.5!
But don't celebrate too early, there are still three 'roadblocks': 2.10 dollars, 2.15 dollars, and 2.25 dollars, and you need to get through them one by one.
Of course, risks must also be noted: if the support at 2.0 dollars cannot be held, it could directly collapse to 1.2 dollars, which is not impossible. Martinez warned about this before, so be careful~
🐢 ADA: lying flat at 0.4 dollars, difficult to rebound under the pressure of selling!
Cardano (#ADA) is now completely 'lying flat', with a current price around 0.4 dollars, daily fluctuations are pitifully small, the 24-hour trading volume is only about 50-60 million dollars. 100 million ADA was traded on Binance, but it didn't create any waves.
The technical side is even worse: both short-term and medium-term moving averages are pressing above the price, with sellers firmly in control of the situation;
MACD is still in the negative range, RSI is also hovering in the weak zone, indicating weak demand, not panic selling, but it just can't move up.
More importantly, the order book is filled with sell orders in the middle section. As long as market sentiment worsens, the lower support cannot hold, and for a rebound? First, break through the resistance at 2.10 dollars and then talk~
❄️ AVAX: The hotter the ecosystem, the colder the price, 13 dollars is the life-and-death line!
Avalanche (#AVAX) really confuses people: the ecosystem has been improving, C chain activities are increasing, locked positions are rising, and the supply of stablecoins has exceeded 1.5 billion dollars. It has also been included in the Bitwise 10 ETF, and institutions are increasing their positions, but the price just doesn't rise!
Current price is 13.2 dollars, down 2.4% in the past week, down 15% monthly, still trapped in a long-term downtrend — after last rising above 30 dollars, every rebound has been pushed back by the descending trend line. The current price is hovering around 13 dollars, forming a shape similar to a descending triangle, with sellers pressing from above and buyers firmly defending the 13 dollar support. Once it breaks, it will directly rush to 11.5 dollars, or even 10 dollars.
Fortunately, the 24-hour trading volume has increased by 41%, and futures activity has also increased by 21%, indicating that traders are bottom-fishing. However, to alleviate the downtrend, it needs to surge to the 15.5-16 dollar range, otherwise, it will still be in vain~
🤑 ZK bottom-fishing opportunity? Touching the last low point, setting a stop loss at 10 points is very cost-effective!
Compared to the previous three, #ZK gave a surprise — just hitting the low point of the last round! Personally, I think buying spot now is not a big problem, just set a stop loss at 0.029 dollars~
Even if it drops, the loss is only 10 points, but once it rebounds, the upward space is cost-effective, which belongs to 'small risk, big opportunity' and can be a focus!
In summary: XRP looks to see if it can hold 1.9 dollars, ADA continues to lie flat and observe, AVAX closely watches 13 dollar support, and ZK can try small positions.
