ApeCoin remains stable at key levels - can it rebound? ApeCoin is stable at the key $1 support level, triggering speculation on whether longs are ready to come back, as the currency pair has held above this key point. Recent bearish pressure has pushed Token towards a potential revival, but the key question is: can buyers hold this level and push prices higher? With the momentum shifting and market sentiment constantly changing, either an upward breakthrough will occur, or a collapse. On the 4-hour chart, the price of APE is consolidating above the 100-day Simple Moving Average (SMA) and the key $1 support level, indicating market indecision. Although the position above the SMA suggests a bullish trend, this consolidation could lead to a Rebound or a sharp decline, depending on whether long positions or short positions dominate. At the same time, the 4-hour comprehensive trend oscillation indicator of ApeCoin shows a bearish signal, as its SMA line crosses below the signal line near the zero level. This kind of crossover attempt is usually seen as a bearish indicator, indicating that the downward momentum may be strengthening. Successfully crossing below the signal line may confirm a trend reversal, possibly foreshadowing more dumping pressure on APE in the near future. The daily chart shows that APE is in a consolidation phase and shows a downward trend near the $1 level. Despite trading above the 100-day moving average, increasing dumping pressure has raised concerns about whether it can maintain above $1. The combination of consolidation and bearish momentum may indicate its difficulty in maintaining its position and could lead to a further decline if the bearish trend continues. A detailed analysis of the 1-day comprehensive trend oscillation indicator shows that ApeCoin is in an Overbought state, indicating the possibility of further decline. The signal line is attempting to cross the SMA line, which usually indicates a shift in momentum towards downward pressure. If this crossover occurs, it may enhance the likelihood of continued decline, causing traders to reconsider their positions as dumping pressure increases in a weakened bullish sentiment. According to the analysis, the price of ApeCoin seems to have the potential to fall to the support level of 1 dollar. Breaking this level may lead to further decline in Crypto Assets and may push it down to the support level of 0.660 dollars or even lower. However, if ApeCoin breaks through the $1 mark, the price may pump to the resistance level of $1.7. In addition, breaking this level may trigger further pump, potentially leading to a resistance level of $2.1 or even higher. (Data Source: Godspower Owie)

Dogecoin revival: Active Addresses Soar to Highest Level in 8 Months An expert believes that DOGE is about to experience a massive price pump, unprecedented since December 2021, as the landscape of Crypto Assets indicates it is ready to break through. Cryptocurrency analyst Ali Martinez has evaluated the technical prospects of the Token and stated that if the current pattern continues, the price of DOGE could pump 200% in the coming weeks. Martinez observed that DOGE was able to break through years of downward trend and pointed out that this usually leads to a rise in the price of this memecoin. He pointed out that historically, the price of DOGE rose 200% after the breakthrough. He predicted that DOGE may break through the key level of $0.2236, a level not seen since December 2021. At the end of September, DOGE saw a pump, with prices surging 25%. However, DOGE failed to sustain the pump momentum and fell again to $0.11. Other analysts also hold the same prediction, stating that if the currency successfully breaks the level of $0.1120, it is very likely to easily break through the key level of $0.1315 this month. However, analysts urge traders to be cautious about the potential pump price of DOGE, and point out that there is usually a 60% retracement in previous breakthroughs before gaining momentum for a rise trend. The increase in active DOGE addresses is a major factor that analysts bet on the possibility of a significant pump in the price of this cryptocurrency. Martinez revealed that the number of active DOGE addresses has reached its highest level in nearly eight months, soaring to 133,880. The increase in active addresses indicates that people's interest in this token has recovered, and the number of new users has recently surged. This also means that more traders are helping to drive the rise of this token. For example, about 110,000 investors are flocking to Dogecoin, making the Token ahead of its Cryptocurrency competitors Shibа Inu and Pеpе. The rise in volume indicates that the Token is attracting traders seeking quick profits. Experts also believe that the Whale activity is another driving factor behind the resurgence of DOGE. Over the course of more than a week, Whale (the major holder of this meme coin) has accumulated at least 2.07 billion DOGE, the highest level since January. This purchase indicates that the trader's confidence in the Token continues to increase. In past cases, large purchases have often led to significant price adjustments, which are indicators of future market trends. An analyst pointed out that whales will not make large purchases unless they see the future price pump. (Data Source: Christian Encila)

The Revival of Ethereum: A Key Catalyst for the Resurgence of Encryption Currency In a recent report, market researchers and analysts Decentralized Finance Ignas provided valuable insights into the current bearish and bullish outlook for leading altcoin Ethereum (ETH). Over the past two years, Ethereum has struggled to keep up with its encryption currency counterparts, falling 47% against Bitcoin (BTC) since the market low in early 2023, lagging behind Solana (SOL) by 6.8 times. Ignace suggested that the reasons for this underperformance are still debatable, but there are several key factors worth noting. First, compared to the more complex narrative surrounding Ethereum, the narrative of Bitcoin as 'digital gold' is easier for new retail investors and institutions to understand. In addition, the position of Solana is increasingly high, and its active users, volume and market share are catching up with or even surpassing Ethereum, which has brought pressure to the leading smart contract platform. Ignas explained, "Solana has higher risks in smart contract adoption (lower Market Cap), while Ethereum falls between the two." "Ethereum's modular approach to layer 2 solutions also leads to liquidity dispersion and a more complex user experience." However, the researchers are still optimistic about Ethereum's long-term potential and have put forward several convincing reasons worth paying attention to. An efficient and deflationary network: If the gas price of Ethereum remains around 20 Gwei, the network is considered deflationary and scalable, which is an attractive and efficient choice for users. Decentralization and security: Ethereum's Decentralization and security have attracted the trust of major institutions, including BlackRock, PayPal, JPMorgan and Santander Bank, which are testing blockchain settlements and tokenization on the platform.成 The mature Decentralized Finance ecosystem: Ignas believes that Ethereum and its layer 2 solutions have the most mature Decentralized Finance ecosystem in the encryption field, with a considerable Total Locked Value (TVL) and volume, attracting more users and driving up gas fees and ETH burn volume. Network Effect: Ethereum's first-mover advantage and the largest share of developer mindshare have promoted its network effect and solidified its position as the leading smart contract platform. Tokenization of real-world assets: Ethereum is becoming the preferred chain for tokenization of real-world assets (RWA), with 52% of stablecoins and 73% of US Treasury bonds currently being tokenized on the platform. Researchers say another rarely discussed but potentially impactful catalyst is the upcoming Pectra upgrade, expected to take place in the first quarter of 2025. This upgrade combines Prague (execution layer) and Electra (consensus layer) updates, which are expected to introduce several key improvements, including account abstraction (enhanced user experience), equity improvement, and scalability. "市场低估 the importance of Pectra 升级,," Ignas said。 "账户抽象、权益增强和可扩展性改进等功能可能会改变以太坊的采用和可用性。 Ignas pointed out that as of the writing of this article, the trading price of ETH was $2,670, while VanEck's forecast for the benchmark price of ETH in 2030 is $11,800, which may seem pessimistic to some, but it still represents a 4.4x increase - far higher than Solana's forecast of 2.2x for the same period. Ultimately, researchers pointed out that with a stable ecosystem, growing institutional support, and upcoming technological upgrades, even if Ethereum faces headwinds in the short term, the bullish reasons for it are becoming increasingly prominent. (Data source: Ronaldo Marquez)

Despite a 21% increase in Ethereum price, only 66% of holders have made a profit. According to market intelligence platform data, the recent slump in Ethereum has significantly affected the profitability of network holders. During the fall process, the price of ETH fell from its high point of $3,400 at the end of July to around $2,100 a week ago. However, since then, the token has rebounded sharply to over $2,700. Revival should mean that some investors who suffered losses due to the collapse will now regain profits. However, as pointed out by the market intelligence platform, only 66% of holders are currently profitable, indicating that the profitability has not shown significant improvement yet. The analysis company shared a chart showing the difference between the price range and the current price as well as the number of investors buying the stock. The size of the point in Figure 1 is related to the number of holders, and the cost basis of the holder is within the corresponding price range. It seems that many investors bought in between $2,920 and $3,000 and between $3,000 and $3,080. Of course, these investors are now suffering losses because the spot price of the assets is below these ranges. Some such loss-making holders hope that the asset price will rebound to the cost price, so as to exit the market and recover funds. This selling pressure may bring resistance to the token. This kind of sell-off usually will not reach the scale of hindering Ethereum. However, when many investors put the cost basis in the same narrow range, there is a possibility of a significant sell-off rise. Therefore, if Ethereum continues to rise, the above price range may hinder its recovery. Another risk of any rebound is profit-taking, but as only 66% of investors have taken profits at the moment, the risk of selling due to this motive may not be high, especially considering that many weak hands may have been washed out during the crash. In other news, as analyst Ali Martinez explained in a post on X, Ethereum has just seen a Tom Demark (TD) sequential sell signal on its hourly chart. Given this signal, Ethereum could potentially experience a decline, although considering the shorter time frame of the chart, the magnitude may not be too significant. The current transaction price of Ethereum is about $2,700, up more than 2% in the past 24 hours. (Data Source: Keshav Verma)

Prepare for the big outbreak of alts: Analyst reveals key months for massive gains As the cryptocurrency community is about to enter an important season for the altcoin market, numerous indicators suggest that a significant market shift may be imminent. It is worth noting that the focus of the cryptocurrency market will shift from Bitcoin to its competitor, altcoins, with speculation that altcoins will offer higher returns in the coming months. Well-known cryptocurrency analyst Michael van de Poppe has been outspoken about this upcoming shift. According to Van de Poppe, the period from the end of June to October may be a crucial period for altcoins. It is expected that this period will mark a significant rebound, bringing the value of altcoins back to its "historical standard" level. This expectation is based on the current sluggish trend and the fundamental setup within the market, implying the possibility of exponential growth. The surge of altcoins in the expected source seems to be closely related to the trend of Bitcoin. The price fluctuation of Bitcoin is often seen as a barometer of the broader cryptocurrency market, which has a chain effect on altcoins. Analysts believe that if the price of Bitcoin falls, it may prompt investors to turn their attention to AltCoins. The reason is that investors will begin to seek higher returns, and AltCoins are expected to offer higher returns in such market phases. An in-depth analysis by Van de Poppe shows that this is more than just speculation. Historical data and market dynamics suggest that altcoins will gain momentum as Bitcoin consolidates or pulls back. This pattern is expected to trigger a "recursive demand shock" for the alt, pushing its price to new heights. Recent market activity has provided strong data to support this analysis. The market capitalization of altcoins has been gradually increasing, soaring from 1.108 trillion US dollars last week to over 1.166 trillion US dollars currently, indicating a revival of investor interest and market activity. Other market analysts also hold similar views, and they observe key technical patterns that indicate the altcoin season is coming. For example, well-known cryptocurrency analyst Moustache emphasizes the breakouts of Gaussian channels on several altcoin charts, which is a technical indicator typically associated with significant price changes. According to Moustache, we witnessed a significant rebound in the market when the altcoin broke through the Gaussian channel last time. The current setup is very similar, and the market may be about to usher in another bull run. In addition, the data from the analysis company also emphasizes this point with specific examples. The large trading volume of altcoins such as Shiba Inu and Cardano has doubled, indicating a growing interest from whale investors. The sharp increase in large transactions is usually a precursor to significant price fluctuations, indicating that a large amount of capital is entering the altcoin market and preparing to drive up prices. (Source: Samuel Edyme)

Parabolic rebound coming soon? Trader's paper profits big dump to 3%, Bitcoin back to $70,000 The world's largest cryptocurrency, Bitcoin (BTC), has been consolidating in the past week, trading between $67,000 and $70,000 after a brief 20% price adjustment, falling to $56,400 in early May. This period coincides with the reinjection of funds into the US spot Bitcoin ETF market, and the selling pressure seems to have dissipated, both in the ETF market and among a broader range of Bitcoin investors. Julio Moreno said that the current price of Bitcoin is $70,000, which is different from the price in March. Moreno pointed out that the selling pressure exerted by traders is much smaller now, as the unrealized profit is only about 3%, compared to 69% at the beginning of March. This indicates that most of the "long selling" has been exhausted, as shown in Figure 1. The data from the market intelligence platform shows that despite the Memorial Day holiday in the United States, which resulted in a temporary suspension of trading in the stock market, the market capitalization of Bitcoin has once again exceeded $70,000. The market intelligence platform sees this as an encouraging sign, as it proves that BTC can perform positively on days that are not closely related to the major stock market, and most of 2022 has been like this. Despite the positive momentum, cryptocurrency analyst Rekt Capital pointed out that the latest weekly chart of Bitcoin closed below the high resistance level of the ongoing "re-accumulation" phase, which ranges from $60,000 to $70,000. This may lead to leading cryptocurrencies further consolidating within this range, consistent with Rekt Capital's argument that the current bull market cycle still retains two phases: the re-accumulation phase after halving and the "parabolic rebound phase". From a historical perspective, Bitcoin often consolidates near historical highs and then enters the most representative stage of a bull market cycle. Analysts say that Bitcoin has indeed consolidated for quite some time near these highs, especially according to previous cycle standards. Although there is still room for further sideways consolidation at these high levels, the remaining time in this phase is slowly running out. This leads people to believe that the long-awaited rebound after the halving, coupled with the revival of investor sentiment, is expected to push the market's largest cryptocurrency to a level higher than the $73,700 reached in mid-March. Therefore, Bitcoin seems to be entering a crucial moment in its current bull market cycle. If historical patterns remain unchanged, the consolidation and re-accumulation that have dominated the market in recent months may soon give way to the next parabolic pump. BTC has increased by 2% in the past 24 hours, and has risen by 10% in the past month. The current trading price of Bitcoin is $70,200. (Data Source: Ronaldo Marquez)

On May 3, HSBC said that the weak yen played a key role in the "reflation" of the economy, which is what the Central Bank hopes to achieve this year. Frederic Neumann, an analyst at the bank, said, "After longing years of losing competitiveness, exporters are finally feeling the boost from the Exchange Rate adjustment." And, one could speculate that a weaker Exchange Rate may be needed and that it will take longer to turn that boost into a lasting manufacturing revival, "and a weaker yen is also boosting Japan's services sector through tourism, which in turn boosts inflation expectations." In other words, as long as the depreciation of the yen is orderly, it is not completely unpopular. Therefore, do not expect the Central Bank of Japan to rush into aggressive tightening simply because the Exchange Rate is unstable.

According to Coin World's report: After the Bitcoin (BTC) halving event on April 19, it was widely regarded as a major catalyst, but the subsequent appearance of red candles raised doubts about whether the bull market had reached its peak. Analyst X, representing the "Stockmoney Lizards" group, believes that the current price decline is a necessary healthy adjustment and believes that the bull market will continue until the third or fourth quarter of 2025. Michael van de Poppe is paying attention to the revival potential of altcoins and believes that the current cycle may have a longer trend than the previous one, and advises investors to accumulate alternative tokens on sale.

Pepe Coin PEPE Soars Over 250% – Will March Bring More Long Surprises? There are Long surprises during the Bull Market. Sometimes, during a bull market, Tokens that have been falling or are thought to be dead may rise again, while Tokens with flawed models can self-correct. In the case of PEPE, it was thought that it had lost its value and utility, but recently it has gained attention and accumulated a lot, and this is the case. With Bitcoin prices nearing their peak and the market rebounding, there has been a flurry of activity in the Crypto Assets space. Memes have benefited greatly from this revival because they are widely popular and inexpensive, attracting a wide variety of investors. Pepe Coin stood out in this surge of interest, ranking third in the meme coin rankings, behind Shiba Inu (SHIB) and DOGE (DOGEE). This rise indicates that investors are becoming more interested. The trajectory of PEPE is very Long, becoming a multibillion-dollar asset at a time when there is speculation of a huge trend reversal. The Market Cap increase of meme coins is increasing dramatically. After analysis, the weekly and daily chart patterns show sustained growth and are likely to reach new heights. In February, Pepe's worth began to climb, soaring by 200% in just one week. Today, Pepe hit a high of $0.0000041 and is up an impressive 255% over the weekly time. The coin's performance on the 24-hour timeframe was equally remarkable, with an increase of nearly 50%. The weekly chart shows that Pepe's value is still above the key resistance level, indicating that the market is confident that further gains are possible in the future. If the market pushes the price above the $0.00000280 barrier, the Long will regain momentum and challenge the price's upper resistance at $0.00000315. Moreover, if the Long maintain control of the market, the price will rise further and be ready to test the upper limit of $0.00000350. At the same time, a notable scenario occurred, where six well-known Wallet traded and sold about $2 trillion in PEPE Token between them. Sales from the deal totaled about $4.37 million, while profits were close to a staggering $2 million. Token trading of this size is indicative of the extent of market activity around $PEPE during this rally. Despite the lack of Ethereum's technical complexity, its strength lies in the active participation of the community and the ability of social media to be ubiquitous. Similar to other meme coins, Pepe Coin experiences significant fluctuations in value due to celebrity endorsements and community sentiment. This makes it a potentially lucrative investment opportunity for individuals adept at navigating the volatile realm of internet meme culture. With Pepe Coin experiencing a staggering 250% spike, all eyes are on the unpredictable Crypto Assets' movements in March. As investors eagerly await further developments, the question remains: Will Pepe Coin continue to exceed expectations and surprise Longer next month? (Source: Christian Encila)