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In the current cryptocurrency market, some MEME coins that are in a sideways consolidation phase are attracting the attention of investors. These coins may be on the brink of a breakout, especially those still controlled by market makers, with stable market capitalization and ongoing project development. Such assets often conform to the market rule that "the longer the consolidation period, the greater the subsequent increase."
Several representative projects worth noting include:
1. ANI: As a highly regarded AI conceptual project, it has maintained a sideways consolidation for 16 days.
2. AOL: The Launchpad sector belonging to the WLFI ecosystem is about to launch a new platform, which has currently maintained a sideways trading state for 6 days.
3. SPARK: As a leading AI project on the Pump platform, it has been consolidating for 8 days and is still in a popular sector.
4. KLED: Leading position in the ICM (metaverse content management) sector, planning to migrate the chain and collaborate with a large company, after experiencing a consolidation period of 69 days.
In general, projects that can achieve strong upward movements after consolidating usually possess two key factors: first, a strong community foundation and an engaging project narrative; second, the project team continuously pushes development forward, with substantial progress being made.
Looking back at the recent market, we can find that several projects such as TROLL, PENGU, USELESS, PYTHIA, NUIT, and GP have experienced significant growth after a period of consolidation. The cryptocurrencies that have quickly surged after a relatively short period of consolidation are usually those that happen to align with the current market hotspots.
These market rules are derived from the summary and analysis of practical experience. However, investors still need to be cautious and fully recognize the high-risk characteristics of the MEME coin market. While seizing potential opportunities, they also need to manage risks effectively.