In the past 24 hours, the crypto market has become active again, with Doge surging over 6%, taking the lead among mainstream cryptocurrencies. Meanwhile, Floki, BONK, and other popular meme coins have also shown strong momentum. What exactly drove this rebound? Let's break it down step by step.
Macro Support: Rising Rate Cut Expectations + Tariff Delay, Market Risk Appetite Returns
Behind this market movement, macro-level easing is crucial. US Treasury Secretary Becent recently stated that the Trump-era tariffs originally scheduled for July 9 might be delayed until August 1, leaving more negotiation space for countries. This news directly alleviates market concerns about escalating trade tensions.
Simultaneously, traders generally bet that if the CPI data released this Wednesday is weak, the Federal Reserve will have more room to cut rates in September. This expectation has caused the US dollar to rebound in the short term and sparked a rally in risk assets, including Bitcoin, which has returned to the $110,000 mark. Jeff Mei, COO of BTSE, noted: "If CPI declines, the rate cut window may truly open, and investors will naturally be willing to embrace crypto assets again."
Doge Leads with 6% Surge: Retail Enthusiasm Returns, Musk Adds Fuel to the Fire
Doge's rise is also related to the return of retail enthusiasm, with 24-hour trading volume breaking through $1.5 billion, breaking the previous days' silence.
Just as Doge was rising, Musk announced the creation of the "American Party", once again igniting social media buzz. Although this is not a direct benefit to Doge, everyone knows that whenever Musk speaks, meme coins won't remain indifferent. This has been interpreted by the market as one of the catalysts for crypto sentiment.
HBAR Strengthens: Double Bottom + Wedge Breakthrough, Target $0.229
Although HBAR has been under pressure in recent months, it has shown clear technical reversal signals. It not only formed a Double Bottom at $0.1236 but also just broke through the descending wedge's upper rail and is currently testing the 100-day ALMA moving average.
Meanwhile, RSI is heading up, and market momentum continues to strengthen. If it holds, the target is looking towards the neckline at $0.2290. If it unfortunately breaks below the previous low of $0.1236, the short-term bullish structure will be destroyed.
BONK Erupts Again: Slanted Double Bottom Formed, Trading Volume Surges Over $1.3 Billion
BONK, the star meme coin of the Solana ecosystem, is also performing brilliantly, with its price now approaching the $0.00002568 neckline, forming a slanted double bottom structure, and strongly breaking through the Fibonacci 23.6% retracement level on the daily chart.
More notably, BONK is rising with high trading volume, with its 24-hour trading volume exceeding $1.3 billion, even more aggressive than Doge and Shiba Inu. If it successfully breaks through $0.00002568, the next target could be the 50% retracement level at $0.00003453.
Floki Surges 16%: High Volume with Triangle Breakthrough, Potential Upside Over 40%
Floki also surprised the market, rising over 16% in 24 hours with a trading volume of nearly $200 million. Technically, Floki is at the critical point of a symmetric triangle, with RSI breaking through the 50 midline, and MACD about to turn red, potentially ready for a volume breakthrough.
The key resistance is currently at the psychological level of $0.00010. If successfully broken, the next target could be $0.0001238, with an upside of over 43%. Of course, if it unexpectedly breaks below $0.000059, the bullish structure will be invalidated.
Summary: This Rebound is Not Mere Hype, Multiple Coins Releasing Positive Signals
From macro expectations of rate cuts to the expansion of trading volume and technical strength in the crypto market, many signs indicate that this rebound is not mere hype and has room for continuation in the short term. Doge, Floki, BONK, and HBAR have all shown impressive momentum. Especially with the meme sector refocusing under Musk's comments, it may again become a capital trend indicator in the crypto world.
The CPI data this Wednesday will be a key point in verifying market strength. If it's below expectations, this rebound may turn into a comprehensive market rally. Follow me to continue tracking the market's next move. Don't hesitate when the wind is blowing.
If you're feeling lost in the crypto world and want to join a group for warmth and discussion
📱V: Fupi22497 🐧：3847185042
