SN17 currently benefits from a recovery in market sentiment, with spot capital inflows supporting structural expansion and risk indicator Z-Score turning positive, reflecting overall health. However, caution is needed as trading volume has not increased synchronously and there are indicator divergences. If price deviates from the pace of position holdings and OI growth, there is a short-term risk of correction. Strategy suggestion: Closely monitor selling pressure at highs and volume changes; after trend confirmation, consider staggered entry, focus on controlling drawdown risk. For short-term trades, reference the support range of 17.8-18.2; if volume breaks out further, consider adding positions with the trend.

Recently, overall sentiment in the crypto market has improved, with indicators showing that the market is gradually transitioning from a de-leveraging phase to mild expansion, primarily driven by spot inflows. This structural change reduces the risk of market liquidations and makes investor sentiment more optimistic in the short term. Looking at SN17's trading performance, its price has edged upwards following a consolidation in recent days, indicating stronger buying interest. However, since the market has not fully escaped the uncertainty of the adjustment period, it is recommended to closely monitor trading volume and selling pressure at highs to confirm whether upward momentum can persist.

CryptoQuant analyst Darkfrost noted on January 4 that the cryptocurrency market is beginning to improve, urging caution against dismissing this trend prematurely. While more data is needed for definitive conclusions, some trend changes are starting to emerge, making this a critical time to pay close attention.

Analysis: The crypto market is beginning to improve, with some trend changes gradually becoming apparent.

Market expansion is mainly driven by spot demand, with risk indicators such as Z-Score turning positive and overall conditions remaining healthy. However, there are also negative divergence risk signals—if price and indicators become severely decoupled, a short-term correction may be triggered. For SN17, if subsequent position holdings and open interest (OI) grow slowly while price rises rapidly, caution is needed regarding potential drawdown risk caused by overheated speculative interest. Investors may consider staggered entries after trend confirmation and set reasonable stop-losses to balance returns and risk control.

404—GEN

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Live chart for 404—GEN to USD conversion. Check out SN17 to USD prices in real time. Convert, buy, sell, and trade 404—GEN on Bybit-ge.

404—GEN Price: SN17 Live Price Today | SN17 Market Cap & Chart Analysis | Bybit-ge

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SN17 price today is 3.59, with a live price change of -2.19 in the last 24 hours. Convert, buy, sell and trade SN17 on Bybit-ge.

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