#加密货币监管政策 Looking at the US domestic currencies on Christmas Eve, I was reminded of the 2017 bull market. At that time, projects like ADA, XLM, LTC were telling very different stories, but the core logic never changed—when liquidity dries up, all technical signals will reveal the truth.

Beneath this week's calm surface, pressure is actually building up. ADA has already broken below the bearish flag pattern, with a monthly decline of over 27%, which reminds me of the technical confirmation at the end of 2018. Back then, many were still debating fundamentals, but the price had already spoken through action. If the 0.370 USD support level is lost, a move down to 0.259 USD is well supported by geometric analysis. History shows that such times often test holders' mental resilience the most.

XLM's hidden bearish divergence is even more intriguing—RWA holders are increasing, yet the total network asset value is declining. I've seen many such situations, often indicating that new entrants are taking over from those selling off their holdings. If the 0.231 USD line is broken, resistance on the rebound is at 0.262 USD. Breaking this structure would require a 10% increase, which is not easy in the quiet end-of-year trading.

LTC, on the other hand, shows a different vibe. Institutions are quietly accumulating 3.7 million coins, retail interest is low, yet a reverse head and shoulders pattern is forming. This combination often signals a turning point at the end of a cycle. The sustained demand from institutions is more worth tracking than short-term speculation, especially in this critical window before 2025.

Based on the experience of the past twenty cycles, the end-of-year liquidity shortage is precisely when genuine demand becomes apparent. US regulatory frameworks are becoming clearer, and these domestic projects are gaining long-term investor attention amid policy certainty. The test of support levels is underway—whether it breaks or holds will directly determine the landscape at the beginning of next year.