Now that the flatbread has stabilized at 58,000, how should the market go next?
The current market is likely to be where the upward channel opens.
Of course, it is possible that the market will continue to squat a bit, but it is likely that it will be difficult to fall below 55,000 at the point where you crouch down.
The CPI data is good. Whether last night's PPI was long or empty, it won't have much impact on the market.
The FOMC meeting is just a few days away. Whether to cut interest rates by 25 basis points or 50 basis points will usher in the final answer.
The US will cut interest rates this month, officially starting a new cycle of cutting interest rates and releasing water. CZ will be released from prison at the end of September. The rest of this year and next year, there will be a bigger and more intense shanzhai market than at the beginning of this year. It's no use saying more now, let time slowly give the answer
MATIC
Polygon continues to expand its influence in the blockchain space through a series of strategic upgrades, partnerships, and developments. The platform aims to be a key platform for real-world asset integration. Recent developments suggest that it aims to become a center for various decentralized projects.
The platform recently transitioned from its native token MATIC to its new token POL. This transformation comes at a time when Polygon's daily active addresses and NFT sales are increasing, solidifying its position in the blockchain space.
Additionally, large-scale MATIC transfers have also increased, and major investors (commonly known as “whales”) have moved large amounts of tokens from exchanges to private wallets. These deals could be indicative of potential market movements.
Furthermore, Polygon's market capitalization reflects its high liquidity and is actively traded on major exchanges such as Binance. The platform's continued development and strategic partnerships indicate that it is preparing for long-term growth in the blockchain space.
ONDO
If this Ethereum-based project lists major updates, this could cause the Ondo price to retest its $1.26 upper resistance this year.
On the other hand, more stringent regulatory/bearish action could pull the price down to a low of $0.444. As a result, the average price of Ondo crypto tokens is likely to stabilize around $0.852.
With the adoption and growth of the decentralized finance (DeFi) ecosystem, the coin's price is expected to rise significantly for some time to come. If the market keeps Ondo cryptocurrency in psychologySupport levelAbove $1.00, it could move towards the upper limit of $1.72.
However, with a bearish reversal or market uncertainty, the Ondo coin price may drop to $0.571, with an average trading price of $1.145.
AXL
Axelar is the best bridging protocol out there. Although it lags slightly behind in promoting applications, it is fully capable of competing with Chainlink thanks to its cross-chain messaging protocol and bridging infrastructure. Protocols like SquidRouter use Axelar's underlying technology and bridging assets right from the start. Transactions can usually be completed within 20 seconds, and the cost is quite low. AXL has begun to retreat from a recent high near $2.50 and has over 65% of the tokens in circulation. It is about to reach some major milestones in real-world assets, cross-chain dApps, and liquidity, and is rapidly overtaking Chainlink to become the top interoperability protocol in the cryptocurrency space.
