TechFlow News, May 14: 10x Research stated that altcoin momentum has already begun to slow during its initial upward push. BTC continues to dominate the market, trading volume has declined again, and altcoins have encountered resistance at their 30-day moving average, failing to break through effectively; a breakdown below this level would warrant exiting long positions. Currently favorable trading assets include BNB—driven by Grayscale’s ETF application, Coinbase’s roadmap, and the tokenized equities narrative—and TRX—boosted by Tron Inc.’s aggressive reserve accumulation and the Moscow Exchange’s launch of the MOEXTRX index. Meanwhile, SUI and ONDO may face increased profit-taking, while TON is encountering security and trust concerns following Telegram’s deletion of high-profile accounts. Additionally, 10x Research highlighted three key catalysts for this week’s market: the CLARITY Act hearing, Powell’s transition to Warsh, and CPI/PPI data releases.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
