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WARNING: They Want To SHAKE YOU OUT | XRP HBAR XLM SUI & More!

NCashOfficial - Daily Crypto & Finance News· 2025-08-02 04:01

Market Overview & Correction Analysis - The crypto market is currently in a corrective phase, accompanied by uncertainty and fear, but much of the negative sentiment is considered noise [1] - The stock market experienced a significant drop, closing approximately 3% down, influencing the crypto market pullback [1] - Liquidations in the crypto market reached over $95 million in 24 hours, impacting 198,000 plus traders [2] Altcoin Performance - Despite the corrective phase, several altcoins show positive performance on higher time frames, with some experiencing double-digit losses on the weekly chart, particularly meme coins [1] - Examples of altcoins with positive monthly performance include H4 (up 50+%), XRP (up 30+%), XDC (up 57+%), and XLM (up 60+%) [1] - Specific altcoin price points mentioned: Ethereum $3,500, XRP just under $3, Sue $3.50, XLM almost $0.39, H bar around $0.24 [1] Bitcoin Analysis & Predictions - Bitcoin experienced price action, dropping to $113,500, but a potential bottom is anticipated around $112,000 [1][7] - A potential scenario involves retesting highs from May, followed by a retest of the $117,000 level, a break to $120,000, and then a surge to $130,000 [8][9] - A secondary support level to watch is around $107,000, in case the $112,000 level is breached [9] Stock Market Outlook - Monday is crucial for observing stock market behavior, with a potential retest of the February high around 6,150 to 6,200 on the S&P, where a recovery is expected [1] - The impact of trade war and tariff discussions is considered noise, with expectations of a market surge after the pullback due to progress in trade deals [2] Strategic Recommendations - Periods of extreme fear and uncertainty, driven by mainstream media and economic concerns, present buying opportunities for institutional players [19][20] - Exchanges and institutional players capitalize on market fear to liquidate longs and accumulate positions before the market rebounds [18][20] - Investors should avoid being shaken out by price action and consider buying during periods of fear, as historically, significant bearish events have presented major buy opportunities [20][22][23]