On August 25th, the cryptocurrency market continued to heat up. In the past 7 days, several popular assets have increased by over 50%, with STX and PROM rising by about 97% and 95% respectively, while ENA, TRUMP, and PUMP have also increased by 60% to 86%.
The market is also relatively strong, with BTC up about 24% on the 7th, ETH up about 31%, and the Panic Greed Index rising to 74. However, the price chart has begun to show significant differentiation, with some popular currencies experiencing a pullback within 24 hours.
A high increase does not mean it is suitable to chase now.
ENA 7 days+86%, 24h-4.7%; AAVE 7 days+49%, 24-4.8%; HYPE, SUI, and NEAR have also experienced varying degrees of decline. This type of asset can be closely monitored for its acceptance after a correction.
Key observations:
*ENA: Leading the increase, waiting for a retracement before resuming trading.
*AAVE: DeFi leader, the pullback after a sharp rise is worth paying attention to.
*UNI: The increase is relatively moderate, pay attention to the rotation of DeFi sector.
*SUI/NEAR/HYPE: The increase is not excessively overdrawn and can wait for a pullback warning.
*TRX/TON/ATOM: Clearly lagging behind the market, there is a possibility of capital rotation if the market continues to strengthen.
It should be noted that in the past 24 hours, the entire network has cleared about 1.617 billion US dollars, and the market leverage is still relatively high. Although the Meme sector is strong, short-term gains such as PENGU, PEPE, and TRUMP have already been significant, indicating a clear increase in the risk of chasing high prices.
Next, the focus will be on price acceptance.
Coins that have already risen sharply should wait for a correction before observing; Stagflation coins wait for changes in trading volume and capital flow. Instead of chasing after the rising price list to buy, it's better to set a warning price in advance and wait for the market to provide a more comfortable entry position.
Risk Warning: The above is only for market information sharing and data analysis, and does not constitute any investment advice.
