Secondary Market Daily 20250818

Market Trends

The current cryptocurrency market is showing an overall trend of oscillation and adjustment. Bitcoin is fluctuating in the range of $112,000 to $117,000, with Ethereum's support level at $4,100 to $4,300. The market is paying attention to the Federal Reserve's policy direction, with a 92.1% expectation of a rate cut in September. The DeFi sector is performing strongly, with tokens like LINK rising against the trend. Institutional funds continue to flow in, but the accumulation of leverage increases market vulnerability. In the short term, attention should be paid to Powell's speech at Jackson Hole, which may become a key catalyst for market directional breakthroughs.

mainstream coins

$BTC Short-term pressure, with bears dominating on the 4H level, attention should be paid to the support range of 108.8K-110K. However, institutions continue to increase their holdings (Metaplanet re-purchased 775 BTC), and the potential price of 124K will liquidate 6 billion in short positions, remaining optimistic in the medium term. If the support holds, a rebound can be arranged; if it breaks, it may pull back to 105K.

$ETH Short-term bearish pressure is evident, targeting the 4200-3939 range. However, the accumulation of institutional short positions may trigger a short squeeze rebound. The fundamentals are strong, with L2 ecosystems and AI data protocols (such as Sapien) continuing to expand, making a long-term bullish outlook likely. Current volatility is suitable for swing trading, and a breakdown below 4300 could allow for staged accumulation.

$SOL Short-term pressure, Bitget suspends PYUSD-SOL withdrawals raising liquidity concerns, but the institutional holding ratio reaches 1.03%, indicating long-term confidence. If the trendline support holds, a rebound to $200 is expected. Pay attention to the volatility opportunities brought by SOL ecosystem incentives and futures listing.

$BNB Recently, performance has been strong, and institutional holdings have increased significantly. BNB Network Company has purchased 288,000 BNB (approximately $239 million). From a technical perspective, after breaking through $864, there is hope for a push towards $1,000. On-chain activity is high, and the Maxwell upgrade is promoting ecological development, highlighting the value of long-term holding. Short-term pullbacks present buying opportunities, with attention on the $900 support level.

Popular Coins

$LINK Recently performed strongly, with the daily line retracing without breaking below half of the large bullish candle, and the ascending channel remains intact. If the market stabilizes, it is expected to challenge the previous high of 27. The DeFi sector is a leader, with high capital attention, and it is advisable to accumulate on dips. Short-term volatility is significant, but the medium to long-term trend is upward.

$PENGU {spot}(PENGUUSDT)

As the Fat Penguin ecological token, it has recently gained attention due to IP authorization and collaboration with physical toys. NFT holders can earn royalties, enhancing the token's utility. However, caution is needed regarding overly optimistic expectations of reaching 1 dollar from December. In the short term, it may rebound along with the NFT market recovery, but in the long term, the progress of IP commercialization needs to be observed. It is recommended to accumulate during dips, targeting a 2-3 times upside.

$SUI {spot}(SUIUSDT)

Recently performed steadily, with a 24H increase of 0.23% and a price of 3.5 USD. The on-chain transaction volume has exceeded 11.5 billion times, with a TVL exceeding 2 billion USD, indicating an active DeFi ecosystem. From a technical perspective, the outlook is bullish, with a target price of 13 USD. It is recommended to pay attention to the SUI-USDC high-yield pool and accumulate during dips.

$FARTCOIN

{future}(FARTCOINUSDT)

Recently showed strong performance, with whale capital inflow leading in the past 24 hours, and has been mentioned multiple times as "bullish." The latest tweet suggests that the price may break through 1 dollar, with short-term trading opportunities leaning towards the upside. However, it is important to be aware of high volatility risks and to operate cautiously by considering capital flow and community sentiment.

$MNT Recently, there has been a strong surge due to deep integration with Bybit, with the increase doubling after the new leadership took office. The key point is that Bybit may use $MNT for fee discounts and VIP privileges, with an expected annual demand of $500 million to $2 billion. If implemented, this could significantly boost valuations. Currently close to historical highs, a breakout may accelerate the rise. The fundamentals are strong, but caution is needed for the pullback risk after the positive news is realized.

$HYPE Recently, there has been significant volatility, with whales increasing their long positions in the $40-$44 range, but the EMA20 support at $44 still needs to be validated. Hyperbeat, as the liquidity hub of the HyperEVM ecosystem, integrates multiple strategy yields and democratizes market making, which may drive long-term value. In the short term, pay attention to the $44 support; a break below or a pullback to $40 is possible.

$XRP Recently consolidated in the range of 2.72-3.31, super whales are accelerating their accumulation, which may lead to a breakout. However, caution is needed regarding team sell-offs and risks associated with the Flare protocol. Coinbase's launch of XRP futures could bring short-term liquidity. Pay attention to the support level at 3 dollars; if it holds, positioning could be considered.

$ADA Recently, there has been significant volatility, and after the bulls were liquidated at $0.93, a rebound signal appeared. The technical analysis shows a potential second upward movement opportunity, but high leverage risks should be taken into account. As the European Ethereum, its ecological integration (such as $SOL/$ETH cross-chain) may provide fundamental support. In the short term, attention can be paid to the rebound opportunity at the $0.9 support level, while in the medium to long term, it is necessary to observe whether it can break through the key resistance at $1.

$TAO The recent trading volume has reached $66.9M, with a market cap of $3.6B and a price of $360.94 (-0.5%). Fundamentally, its ecosystem is active, and @inspectxyz has launched Substrike permissionless mining, allowing users to earn $TAO through social interactions, which may drive demand. Technically, there is short-term pressure, but the bullish expectations for Q4 are strong, suggesting a buy on dips strategy. Competing projects like Ambient have emerged, so attention should be paid to the ecological moat. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.