Market News | Daily Main Token Trends Overview

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Condensed Commentary: The 4-hour chart may be forming a potential bullish head and shoulders pattern. Pay attention to whether there is a third test of the $25,606 support. If this support holds, a gradual upward movement in the short term could follow. However, be cautious as the medium-term trend remains bearish.

SNM

Condensed Commentary: As mentioned in yesterday’s live broadcast, this type of project is highly controlled with very limited circulating supply. After falling from its high of $13.2 due to news of delisting, it plummeted again to a support level of $0.0143. The overall decline reached -99.9%, and despite the drop, it still aligns with the Fibonacci sequence, indicating that the market makers are still present.

In terms of price-volume relationship, the price dropped to a historical low of $0.0143 yesterday, accompanied by historic trading volume. This could signify a completion of secondary market chip turnover, with a turnover rate as high as 62.162%. In short-term game theory, whether it goes down or up, the next resistance levels to watch are: $0.0218, $0.0264, $0.0458, and $0.0535. It’s important to firmly hold the support level at $0.0143.

SEI

Condensed Commentary: The short-term structure still remains bearish. It’s recommended to enter short positions at $0.1668, with a target at the lower level of $0.1535. If the short-term downtrend continues, the sequential targets are: $0.1433, $0.1362, $0.1202, and $0.1060.

UNIBOT

Condensed Commentary: The 4-hour chart almost tested the $107 USD level, precisely touching the mid-term downtrend resistance. There’s a possibility of a significant short-term rebound. For quick short-term rebound strategies, it’s advised to enter and exit swiftly. The target for an upward rebound is $137.23. However, be aware that the medium-term trend is still bearish.

RIO

Condensed Commentary: The 4-hour chart has shown two instances of crossing pattern, which indicates that positions have been profitably closed at these points. In terms of structure, it might be market makers testing market depth, potentially leading to a more significant market move. The historical peak was $8.88, and there’s still a potential growth space of 4703%.

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