As of now, the list of token gains in the first 24 hours is out💥💥💥
According to Mlion.ai analysis, the current 24-hour token gain list shows a clear differentiation trend, among which Meme coins and mainstream coins have both seen considerable gains. The following is an analysis of key data:
1. Performance of leading tokens
- DOGE ranked first with a +7.74% increase, with a 24-hour trading volume of $911 million and a price exceeding $0.21. The increase was mainly driven by Coinbase's new margin trading products, and market sentiment shifted to high-risk assets.
- ETH followed closely with a +7.54% increase, and the price rose to $3,356, creating the largest single-day increase in the past 30 days. The 25% surge in Layer2 network activity is the core driving force of this round of gains.
- SOL performed well, with a +6.06% increase corresponding to $1.83 billion in trading volume, and the TVL of DeFi protocols within the ecosystem exceeded $12 billion, verifying the market's revaluation of the value of high-performance public chains.
2. Market structure characteristics
BTC's current increase is only +1.97% (current price $118,390), which is significantly behind small and medium-sized market value tokens. This phenomenon is directly related to the decline in BTC's dominance rate to 62.13%, indicating that funds are shifting from safe-haven assets to high-risk targets. It is worth noting that the top three trading volume tokens (USDT, USD, FDUSD) account for more than 92% in total, indicating that leveraged funds play a major role in this market.
3. Technical aspects and capital flow
BTC's short-term technical indicators (15min/1h/4h) all show sell signals, but the 7-day indicator maintains a "strong buy" rating, forming a technical correction in a typical long market. ETH's funding rate is as high as 0.12%, indicating that there is an overheating risk in the futures market, and it is necessary to be vigilant against short-term volatility amplification.
Investment advice
You can configure ETH (target price $3,800) and SOL (target price $190), and use a 5% position to gamble on the short-term market of Meme coins such as DOGE. Note that ETH has a strong resistance level near $3,450. If it fails to break through, you need to stop profit in time.
Please note that all investments are risky and investors should make their own judgments and bear the corresponding responsibilities.
Source: mlion.ai