Market News | Daily Main Token Trends Overview

2023-07-28, 03:47

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

Summary: Market volume continues to weaken, and there is a possibility of a retracement in the large uptrend. If adopting a bullish strategy, closely monitor the purple line representing the uptrend. Once this trendline is breached, it may signal the end of this year’s rebound trend. The next support level is at $28,535 USD.

OPIUM

Summary: In the short term, Opium has reclaimed the ascending triangle pattern and may see a breakout below the bottom, targeting $0.15782 USD and $0.21268 USD. The potential for an increase remains substantial, nearly 31,050% or around 310 times from the historical high. It is advisable to position with a small amount below $0.0890 USD.

UNIBOT

Summary: In the short term, UNIBOT has once again surpassed its previous high and has strong support at $157.56 USD. If the uptrend continues, the next resistance levels to watch are at $213.18 USD, $289.19 USD, and $336.16 USD. Quick entries and exits are recommended.

WLD

Summary: In the short term, WLD continues its downward trend, with the next support at $1.845 USD. Consider short-term entry opportunities around $1.845 USD, as the current rebound is likely to see a decrease in volume. It is advised to take profits from rebounds quickly. Quick entries and exits are recommended.

LINK

Summary: In the short term, LINK has broken through the lower level at $7.5195 USD and completed the anticipated top “M” pattern from yesterday. The short-term trend may continue to weaken, with support levels at $7.6961 USD and $7.2995 USD.

ETH

Summary: In the short term, ETH remains oscillating around the pivotal level of $1,857 USD. Short-term traders should monitor whether the uptrend resistance is holding. For the medium to long term, if a pullback does not stabilize at $2,037 USD, the overall trend remains bearish.

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Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.