Secondary Market Daily 20250805

Market trend The cryptocurrency market has been quite volatile recently, with prices of mainstream coins like Bitcoin fluctuating. Some investors believe the market is in a correction phase and remain optimistic in the long term; others argue that due to regulatory policies and the economic environment, it may continue to be sluggish. Different projects are showing varying performances, and it is necessary to cautiously assess the risks. Mainstream coins $BTC Currently under pressure in the $114-$116K key resistance zone, with clear suppression from the 4H moving averages. If it breaks through, we could see a bullish move to $150K; otherwise, it may pull back to $107K. Be cautious of ETF fund outflows and price divergence, but long-term holders have not significantly sold off, and the fundamentals remain strong. In the short term, consider shorting at highs, while waiting for a breakout signal in the medium to long term. $ETH Recently, there has been a tug-of-war between bulls and bears, with whales making significant purchases (143 million USD) below key resistance levels, but outflows from ETFs bring uncertainty. A breakthrough above the 4100 resistance will open up space for historical highs, and short-term trading opportunities can be focused on the 3700-4100 range. The public chain ecosystem continues to expand, and the increase in enterprise-level holdings supports long-term value. $BNB Recently, it has shown strong performance, leading in DEX trading volume (200B), and Binance continues to launch HODLer airdrops (such as $PROVE), enhancing the ecosystem's attractiveness. In the short term, attention can be paid to the buying pressure brought by airdrop expectations, but market volatility should be heeded. In the medium to long term, the expansion of the BNB chain ecosystem and the advantages of exchanges support its value. Popular Coins $PENGU Recently, there has been a divergence between bulls and bears. The latest tweets indicate that the bearish logic is based on the pullback pressure of ETH, but many previous tweets emphasized its cultural attributes, marketing momentum, and 1B+ GIF exposure, providing strong fundamental support. If ETH stabilizes, $PENGU may rebound quickly, targeting 0.69. In the short term, one needs to be cautious of the risk of following the decline, but in the medium to long term, it still has the potential to be a MEME leader. $HOME Recently, the price has risen due to the 1.5x repurchase proposal and mobile testing from @defidotapp. The repurchase mechanism reduces circulation, supporting the coin price, and is bullish in the short term. However, it's important to pay attention to the market reaction after the testing ends and maintain a cautiously optimistic attitude in the long term. $ENA Recently, the market value of the USDe stablecoin has soared by 75% to $9.3 billion, benefiting from this rise. However, the unlocking of 171.8 million tokens today (accounting for 2.7% of the circulating supply) may bring selling pressure. In the short term, caution is needed for a pullback, but in the long term, the appeal of a TVL exceeding $10 billion and an 11% APY still supports the fundamentals. Pay attention to the weekly breakout at 0.6057; if it holds, long positions can be considered. $HYPE Recently supported by Paradigm's large position (floating profit of 417 million USD) and the profit repurchase of Hyperliquid, but caution is needed against high-position selling pressure from the market makers. From a technical perspective, the RR indicator shows the strongest signal since June, indicating potential short-term rally opportunities. In the long term, its Pre-IPO market positioning aligns with the blockchain finance trend, but actual ecological progress should be monitored. It is recommended to accumulate on dips and set proper stop-losses. $BONK Recently supported by large-scale destruction (3 billion coins burned in 24 hours) and ecological income buybacks, the price level of 35,600 can be seen as a safe entry point. However, attention should be paid to the impact of competing products like $DOG, which may cause fluctuations in the short term. Looking at the long term, its 80% market share and dominant position in Launchpad still have potential. $TROLL Recently performed strongly, with a market capitalization exceeding $120 million and a weekly increase of 210%. The main driving factors are the heat of the Solana ecosystem, community art creation, and the launch of whale tracking tools. Short-term overbought conditions should be monitored for pullbacks, but if it breaks through previous highs, the upward momentum may continue. It is recommended to pay attention to DEX trading volume and community activity. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.