Gate Today's Market Analysis: BTC maintains a high sideways pattern, PUMP, ZBCN, and XDC soar leading the alts.

Bitcoin (BTC) today (30th) is maintaining a range of fluctuations around 118,160 USD during the Asian session, with a short-term sideways pattern at high levels. The price is under pressure from the MA 5 and MA 10 moving averages, and has not yet formed a significant breakout. The MACD is still below the zero line, but the fast and slow lines are beginning to converge, with the green bars shortening, showing initial signs of short-term momentum recovery.

Bitcoin trading volume is sluggish, indicating a strong wait-and-see sentiment in the market. If it can break through 118,200 USDT with increased volume, it will open up upward space; conversely, if it falls below the support near 117,200, it may test the low around 115,500 in the short term.

(Source: Gate)

Ethereum (ETH) slightly rebounded above 3,800 USDT, with the overall trend stronger than BTC. The current price has returned above the short-term moving average but has not yet recovered the pressure of the MA 30 moving average. The MACD indicator showed a slight increase in the red bars after a low-level golden cross, indicating a slight recovery in momentum. If the volume continues to increase, there is a chance to test the resistance zone above 3,860-3,900 USDT; conversely, if it falls below 3,770, it will turn into a weak sideways pattern.

Altcoins: The overall market is experiencing fluctuations and consolidation, with mainstream coins showing mixed gains and losses. The Fear and Greed Index has risen to 74, indicating an optimistic but not overheated sentiment, and a structural rotation may be maintained in the short term.

Macro: On July 29, the S&P 500 index fell by 0.30%, closing at 6,370.86 points; the Dow Jones index dropped by 0.46%, closing at 44,632.99 points; the Nasdaq index decreased by 0.38%, closing at 21,098.29 points. As of July 30, 10:15 AM ( UTC+8, the spot gold price is reported at $3,328 per ounce, with a 24H increase of 0.05%.

Popular Tokens:

PUMP Pump.fun (+16.42%, Circulating Market Cap 983 million USD)

According to Gate's market data, the current price of the PUMP token is $0.002814, with an increase of 16.42% in the last 24 hours. PumpFun is a decentralized meme coin issuance platform based on Solana, allowing users to create, publish, and launch tokens with one click, emphasizing a no pre-mining, no team retention, and fair launch mechanism. The platform highlights community-driven and experimental liquidity guidance, triggering massive participation from creators and speculators on Solana, and giving rise to many popular meme projects. Its native token PUMP serves as a vehicle for ecological buybacks and rewards, while also fulfilling platform governance and value capture functions.

This round of increase may be related to the platform's continuous large-scale PUMP buyback. According to EmberCN monitoring, PumpFun has again transferred about 12,000 SOL (approximately 2.16 million USD) from the fee wallet to the buyback address. Since July 16, the platform has cumulatively used 129,100 SOL (approximately 21.5 million USD) to purchase about 3.828 billion PUMP, with an average buyback price of 0.0005 USD. The large-scale buyback and continuous capital injection enhance market confidence, driving short-term trading enthusiasm. In the short term, it is advisable to pay attention to the impact of capital flow and buyback rhythm on market support.

ZBCN Zebec Protocol (+15.87%, circulating market cap 4.52 million USD)

According to Gate's market data, the current price of the ZBCN token is 0.005212 USD, up about 15.87% in the last 24 hours. Zebec Protocol is a real-time payment protocol built on Solana, focusing on streaming payroll, on-chain financial automation, and multi-chain payment infrastructure development. Its core product, Zebec Card, allows users to convert on-chain crypto assets into fiat currency in real-time through a partnership with Mastercard, enabling seamless use in global consumption scenarios and supporting cross-chain asset loading. Zebec is also widely used in DAO payroll, RWA dividends, and Web3 financial scenarios, emphasizing an efficient and compliant flow of funds experience.

This round of growth may be related to Zebec's announcement of the completion of its integration of the Silver and Carbon card products with the 15 blockchain. The official statement indicates that the card now supports 15 blockchains including Solana, Ethereum, and SUI, allowing users to load assets onto the Zebec card and spend at locations that support Mastercard. The newly integrated blockchain is Octa. Space, further expanding its multi-chain payment coverage. In addition, Zebec has recently received positive recognition within the Algorand community and continues to advance the RWA and infrastructure narrative, coupled with recent television advertising promotions and active community operations, enhancing market attention and token demand. In the short term, attention can be paid to the progress of its payment network expansion and on-chain activity performance.

XDC XDC Network (+11.37%, Circulating Market Cap 1.618 Billion USD)

According to Gate's market data, the XDC token is currently priced at $0.09994, with an approximately 11.37% increase in the last 24 hours. The XDC Network is a hybrid Layer 1 blockchain aimed at enterprise-level financial scenarios, utilizing an EVM-compatible architecture, focusing on trade financing, RWA, and compliance-oriented applications. Its consensus mechanism adopts XDPoS (XinFin DeleGated Proof of Stake), combining high-speed transaction performance with low-cost networks, and has collaborated with multiple fintech and government projects, emphasizing the ability to integrate on-chain and off-chain systems.

This round of increase may be related to the listing of XDC on CEX and the expansion of its narrative in the RWA track, which will open for trading on July 30. Combined with the recent invitation of the co-founder to share his practical experience in promoting the on-chain of real assets at the New York Stock Exchange, it has sparked the market's attention to its enterprise-level implementation capabilities. In addition, the XDC Network will hold an online forum on the same day themed "Real Yield, Real Assets, Real Adoption," focusing on the integration trends of Web3 and RWA, further strengthening its ecological positioning. With multiple news driving it, attention can be paid to its subsequent performance in trading activity, RWA application progress, and institutional support in the short term.