Technical Analysis

1. Trend:

• The chart shows a strong bullish recovery, with GAS/USDT increasing by over 32% in the last 24 hours.

• A low of $3.916 was observed, followed by a sharp rebound and consolidation near $6.27.

• The price broke above key resistance levels and is currently in a strong uptrend.

2. Support and Resistance:

• Key support levels: $5.12, $4.68 (recent lows).

• Key resistance levels: $6.53 and the previous high of $7.75.

3. Momentum:

• Strong bullish momentum is evident from large green candles, indicating high buying pressure.

• A minor consolidation after the spike suggests the potential for continuation if the resistance is broken.

Trading Signal

Intraday Long Position

1. Entry Point(s):

• Enter near $6.30-$6.35, as this range aligns with the current consolidation phase.

2. Stop-Loss Placement:

• Place the stop-loss at $5.90, slightly below the recent bullish candle’s low and to allow for minor pullbacks.

3. Take-Profit Target(s):

• First target: $6.75 (near-term resistance level).

• Second target: $7.25 (testing the high from previous resistance levels).

Alternate Plan (Short if Rejected at Resistance)

If the price fails to hold above $6.35, consider a short position:

1. Entry Point(s): Near $6.20-$6.25, once confirmed rejection.

2. Stop-Loss Placement: At $6.55.

3. Take-Profit Target(s):

• First target: $5.80.

• Second target: $5.50.

• Keep Risk To Reward Ratio 1:2 Or Better

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Technical Analysis

1. Trend:

• STRAX/USDT is showing a strong bullish recovery, with a 22.8% increase in the last 24 hours.

• A low of $0.05240 was observed, followed by a sharp rebound and consolidation near $0.08424.

• The price broke above key resistance levels and is currently in a strong uptrend.

2. Support and Resistance:

• Key support levels: $0.08424 (minor support) and $0.06716 (major support from the horizontal level).

• Key resistance levels: $0.09900 (recent high) and $0.10130 (psychological resistance).

3. Momentum:

• Strong bullish momentum is evident from large green candles and increased trading volume, indicating high buying pressure.

• A minor pullback from $0.09900 could occur before the continuation of the uptrend.

Trading Signal

Intraday Long Position

1. Entry Point(s):

• Enter near $0.08600–$0.08800 on a pullback to retest minor support.

• Alternatively, enter above $0.09100 if the price breaks out above $0.09900.

2. Stop-Loss Placement:

• Place the stop-loss at $0.08300 (below minor support at $0.08424) to account for pullbacks.

3. Take-Profit Target(s):

• First target: $0.09500 (short-term resistance).

• Second target: $0.09900 (recent high and key resistance).

• Third target: $0.10130 (psychological resistance and breakout extension).

Alternate Plan (Short if Rejected at Resistance)

If the price fails to hold above $0.09900, consider a short position:

1. Entry Point(s):

• Near $0.09800–$0.09900, after confirmed rejection.

2. Stop-Loss Placement:

• Place the stop-loss at $0.10150, just above the resistance zone.

3. Take-Profit Target(s):

• First target: $0.09200.

• Second target: $0.08600.

Maintain a Risk-To-Reward Ratio of 1:2 or better.

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Key Support at $95,000 Under Pressure
Bitcoin has faced significant selling pressure in recent days, dropping 6% in the last 24 hours. Its price is now below $96,000, contributing to an 8.4% decline in the overall cryptocurrency market. Analyst Skew warns that if Bitcoin fails to hold critical support at $95,000, its price could drop to as low as $88,000.
Analyst Highlights Key Support Levels
According to Skew, the support zone around $92,000 to $88,000 is critical due to increased buyer interest. Liquidity in this range is substantial, suggesting it could act as a strong buffer if Bitcoin tests these levels. Binance liquidity charts also show heightened buyer activity near $88,000.
Selling Pressure on Binance
A sharp increase in selling pressure has been recorded on Binance. Data from CryptoQuant shows that Binance’s hourly Net Taker Volume hit a yearly low of -$325 million on January 8, influenced by the release of unfavorable U.S. economic data, including ISM PMI and JOLTs Job Openings reports.

Further Predictions and Current Price Range
Trader Johnny anticipates Bitcoin may drop into this key zone in the coming weeks. Pseudonymous analyst Rekt Capital highlights that BTC is currently oscillating within a range of $91,000 to $101,165, with $91,000 serving as another critical support level.
Institutional Demand Weakens, but Exchange Outflows Grow
Institutional demand for Bitcoin appears to be weakening, as evidenced by a sharp drop in inflows—from $1 billion on January 6 to just $52.9 million the following day. On the other hand, data from IntoTheBlock shows a significant increase in Bitcoin outflows from exchanges to private wallets, indicating long-term holding by investors and reduced sell pressure.

Positive Signs on the Chart
The Chaikin Money Flow index on the 1-day BTC/USDT chart remains positive at 0.09, indicating continued capital inflows and buying pressure. This supports the potential for a recovery.

Long-Term Optimism Persists
CryptoQuant CEO Ki Young Ju emphasized that the “apparent demand” for Bitcoin remains very high. This indicator measures newly mined coins against long-term holdings, with high values reflecting strong investor confidence in Bitcoin’s future growth.
Conclusion
Bitcoin faces a critical test at the $95,000 support level. If it fails, a drop to $88,000 is possible. However, data shows that buyers remain active, and some indicators suggest potential recovery. Future price movements will depend on a combination of market liquidity, economic data, and investor sentiment.

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DOGE ’extremely quiet’ social chatter could be an opportunity: Analyst
Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment.
A decline in social media posts and overall sentiment around Dogecoin could signal a buying opportunity for traders, according to crypto analysis firm Santiment.
“Crowd sentiment has been near its lowest point over the past year,” Santiment said in a Jan. 9 report.
The analysis firm gave Dogecoin DOGE $0.3386 a “bearish” crowd sentiment rating of 1 out of 5, which is significantly lower than the 4 out of 5 ratings for XRP XRP $2.34 and Solana SOL $194.16.
Being bullish on DOGE during an ‘extremely quiet’ period could pay off
However, Santiment believes there is potential for “some nice upside” to be a “daring contrarian” toward Dogecoin if the crypto markets begin to trend upward again.
“Crypto’s top memecoin has been extremely quiet outside of a temporary run-up at the beginning of the year (coinciding with Elon Musk’s brief handle change to ‘Kekius Maximus’). Since its top exactly one month ago, Dogecoin has shed -28% of its market cap.”
At the time of publication, Dogecoin is trading at $0.34, down 15.33% over the past 30 days, according to CoinMarketCap.
Other memecoins within the top 100 cryptocurrencies have also seen declines over the same period. Shiba Inu SHIB $0.00002123, the 16th largest cryptocurrency by market cap, is down 15.92%, while Pepe PEPE $0.00001793 is down 22.17%.
Despite the current lack of hype on social media, some traders believe Dogecoin could be one of the top performers of 2025.
Traders hopeful of Dogecoin’s performance in 2025Pseudonymous crypto trader Wizz told their 768,700 X followers in a Jan. 6 X post that Doge will outperform most major cryptocurrencies in the next three to six months.
Crypto trader KrissPax told his 63,700 X followers on Jan. 9 that Dogecoin’s price action is similar to one year ago.
“In November 2024, Doge traded up higher, then dropped and is now consolidating. Next is a major move up in 2025,” KrissPax said.
Other analysts believe Dogecoin is expected to top between $3 and $5 in 2025, based on the Gaussian Channel indicator which allows traders to identify the upper and lower channels of price action based on the principle of asset distribution.
Meanwhile, Google searches for “Dogecoin” have dropped nearly 74% since the week after Donald Trump won the United States presidential election on Nov. 5.
That same week, a class-action lawsuit filed against Elon Musk and Tesla — alleging that the businessman manipulated the price of Dogecoin through media appearances and social media posts — was withdrawn by the plaintiffs on Nov. 14, 2024.
According to Google data, searches for “Dogecoin” on Jan. 4 over the past seven days scored 26, a 74-point drop from the score of 100 reached on Nov. 16.
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