Founder of DeFiance Capital: DeFi sector is expected to rebound strongly in the new interest rate cycle

On August 13, Arthur Cheong, founder and CEO of DeFiance Capital, said on his social platform that DeFi, as the sector that best meets market demand in the cryptocurrency field, has recently reached its lowest point in three years relative to the total market value of global cryptocurrencies. I expect this to bottom out in the next few months and rebound strongly when entering a new interest rate cycle.

Currently, #ATAUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal.

Should #ATA fail to bounce back from the $0.0820-$0.0700 support, our eyes will be on the next critical level at $0.0580. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.

But if $ATA breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.

After breaking the dynamic support and reaching the resistance level of $4.800-$5.900 dollars, #UNFI fell to the support level of $2.500-$3.000 , in the current scenario, we can expect the price to return to the ceiling of the descending channel.

if #UNFIUSDT fails to bounce back from this zone The next level we’re watching is $1.500. Historically, this has been a stronghold for UNFI , with a high probability of a rebound.

However, the stakes are high. If UNFI breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation.

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Fed's Musallem: Monetary policy is in a moderately tight state

Financial report, Fed's Musallem: Monetary policy is in a moderately tight state. The time for a change in policy interest rates may be coming soon.

#AR is currently trading within a descending channel, but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern.

ARUSDT has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $16.50–$14.50. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon.

If #AR fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $11.50.

In a situation where the market is not in a good condition, #TRXUSDT's trend is still upward.
After reaching the bottom of the channel and the support level of $0.1100-0.1050, the price started to grow and first broke the small dynamic resistance.

According to the general situation of this currency and the registered candles, it can be expected that the price will grow again up to the ceiling of the channel.

More than 50% of survey participants believe that NFT cannot recover in this cycle

According to financial reports, CoinGecko disclosed a recent survey data on the X platform showing that about 54% of survey participants believe that NFT cannot recover in this cycle, of which 29.5% of survey participants firmly believe that NFT cannot recover in this cycle, and 24.7% are still bearish on the NFT market. In addition, 26.4% of survey participants are neutral about the recovery of NFT in this cycle, and only a small number of 19.4% of survey participants still have hope for NFT to make a comeback in this cycle. However, compared with investors and traders, builders and bystanders are more optimistic about the recovery of NFT. Specifically, 28.9% of builders and 29.1% of market bystanders believe that NFT will recover in the near future, while only 17.1% of investors and 20.9% of traders hold the same view.

#OGNUSDT is currently hinting at a bullish continuation from a critical support zone at $0.0580.
If #OGN holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $0.1150 might set the stage for a run toward the next resistance zones and beyond.

However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $00.05