On September 4th, the Crypto Assets market showed a comprehensive recovery, with funds clearly flowing back into the alts zone. MemeCore (M) led the market, Four (FORM) rebounded for four consecutive days, while Ethena (ENA) is poised for a breakout after consolidation. The technical indicators show that long positions sentiment is gradually warming up, and a new round of pumps may be expected in the short term.
MemeCore (M): Stably holding at $1, aiming for a historical new high
(Source: Trading View)
Current Price: Above 1.00 USD
Intraday pump: +4%, up for the sixth consecutive day
Historical high: $1.14 (set on Wednesday)
Key resistance: $1.07 (R1 pivot point), looking towards $1.47 (R2 pivot point) after breakthrough.
Technical Analysis:
MACD: Continuing to rise, buying momentum is strengthening
RSI: 77, in the overbought zone but still pointing upwards
Derivatives Data: Open interest surged by 43% in 24 hours to $99.4 million; trading volume has exceeded $1 billion for three consecutive days.
Downside risk: If it falls below $1.00, it may test the support level of $0.89.
Four (FORM): V-shaped Rebound, challenging 4 USD
(Source: Trading View)
Current price: Breakthrough 3.50 USD
Daily increase: +2%, rising for four consecutive days.
Background: Quick Rebound after a 18% Crash on Sunday
Key resistance: $3.75, breaking through is expected to impact $4.00
Technical Analysis:
RSI: 53, breaking the midline, buying pressure rebounds
MACD: Converging with the signal line, momentum shifts towards bullish.
Downside risk: If the Rebound is blocked, it may retest $3.42 (closing price on August 25).
MACD: Converging with the signal line, bearish momentum is weakening. If the green histogram returns above the zero line, it will trigger a buy signal.
Derivatives data: Open interest increased by 8% over the past 24 hours to $1.43 billion, but trading volume is on a downward trend, indicating that market sentiment remains cautious.
Market Summary and Trading Strategies
Capital flow: Funds are clearly shifting from mainstream coins to high volatility alts.
Short-term opportunities:
If MemeCore breaks through 1.07 USD, it is expected to quickly hit 1.47 USD.
If it stabilizes at 3.75 USD, 4 USD is just around the corner.
If Ethena breaks through 0.7533 USD, the target directly points to 0.8555 USD.
Risk Control: High volatility coins require strict stop-loss settings to avoid giving back profits.
Conclusion
MemeCore, Four, and Ethena are becoming the focus of this round of altcoin Rebound. From a technical perspective and derivative data, long positions sentiment is accumulating, but signals such as overbought conditions and declining trading volume remind investors to remain cautious. Short-term traders should pay attention to the breakthrough of key resistance levels and act accordingly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The crypto market is experiencing a strong Rebound! MemeCore hits new highs, Four V rebounds sharply, and Ethena aims for $0.8555.
On September 4th, the Crypto Assets market showed a comprehensive recovery, with funds clearly flowing back into the alts zone. MemeCore (M) led the market, Four (FORM) rebounded for four consecutive days, while Ethena (ENA) is poised for a breakout after consolidation. The technical indicators show that long positions sentiment is gradually warming up, and a new round of pumps may be expected in the short term.
MemeCore (M): Stably holding at $1, aiming for a historical new high
(Source: Trading View)
Current Price: Above 1.00 USD
Intraday pump: +4%, up for the sixth consecutive day
Historical high: $1.14 (set on Wednesday)
Key resistance: $1.07 (R1 pivot point), looking towards $1.47 (R2 pivot point) after breakthrough.
Technical Analysis:
MACD: Continuing to rise, buying momentum is strengthening
RSI: 77, in the overbought zone but still pointing upwards
Derivatives Data: Open interest surged by 43% in 24 hours to $99.4 million; trading volume has exceeded $1 billion for three consecutive days.
Downside risk: If it falls below $1.00, it may test the support level of $0.89.
Four (FORM): V-shaped Rebound, challenging 4 USD
(Source: Trading View)
Current price: Breakthrough 3.50 USD
Daily increase: +2%, rising for four consecutive days.
Background: Quick Rebound after a 18% Crash on Sunday
Key resistance: $3.75, breaking through is expected to impact $4.00
Technical Analysis:
RSI: 53, breaking the midline, buying pressure rebounds
MACD: Converging with the signal line, momentum shifts towards bullish.
Downside risk: If the Rebound is blocked, it may retest $3.42 (closing price on August 25).
Ethena (ENA): Consolidate power, target 0.8555 USD
(Source: Trading View)
Current price: around 0.70 USD
Intraday change: -2%, previous day increased by 6%
Support level: $0.6911 (previous resistance level)
Resistance level: 0.7533 USD (tested on August 23), looking towards 0.8555 USD after breakout.
Technical Analysis:
RSI: 56, maintaining neutral but pointing downward, buying momentum slightly weak.
MACD: Converging with the signal line, bearish momentum is weakening. If the green histogram returns above the zero line, it will trigger a buy signal.
Derivatives data: Open interest increased by 8% over the past 24 hours to $1.43 billion, but trading volume is on a downward trend, indicating that market sentiment remains cautious.
Market Summary and Trading Strategies
Capital flow: Funds are clearly shifting from mainstream coins to high volatility alts.
Short-term opportunities:
If MemeCore breaks through 1.07 USD, it is expected to quickly hit 1.47 USD.
If it stabilizes at 3.75 USD, 4 USD is just around the corner.
If Ethena breaks through 0.7533 USD, the target directly points to 0.8555 USD.
Risk Control: High volatility coins require strict stop-loss settings to avoid giving back profits.
Conclusion
MemeCore, Four, and Ethena are becoming the focus of this round of altcoin Rebound. From a technical perspective and derivative data, long positions sentiment is accumulating, but signals such as overbought conditions and declining trading volume remind investors to remain cautious. Short-term traders should pay attention to the breakthrough of key resistance levels and act accordingly.