The non-agricultural data will be released tonight, and the market has also shown some signs of stabilization. Yesterday, the market fell to 91,700 points, then rebounded to 94,700 points, and then adjusted back to around 91,200 points in the early morning. The market is currently continuing to rebound and has risen back to around 94,000 points.
It is worth noting that the Fear and Greed Index is now around 50, which is actually a very interesting signal. 50 points means that market sentiment is relatively neutral, neither particularly panic nor particularly greedy. Usually, in a bull market, such a neutral state is not common, which may also suggest that the market is close to the bottom.
The Fear and Greed Index has returned to 50, indicating that market sentiment has stabilized. Now is a good time to buy at the bottom!
Buy the bottom of these 3 altcoins, which are expected to soar 50 times!
THIS
Trump is about to take office, and Ethereum's Prague upgrade is also coming soon. This upgrade is likely to promote Ethereum's DEFI series, and ena is also very good among Ethereum's many DEFIs. This is probably one of the reasons for the "very reliable" strict selection.
The four-hour chart has fallen to the previous adjustment bottom again, and strong support has been formed here. If the market does not continue to fall, this will be a good reversal point.
SEK million
Maker (MKR) is expected to break above the downtrend line, hence its momentum. This growing confidence is supported by on-chain analysis and technical indicators, both of which point to a bullish outlook for the coin.
Maker is currently priced at $1,492.94 and has gained 3.82% in the past 24 hours, making it one of the best performing cryptocurrencies on the day. The price chart shows a double bottom pattern, which is a well-known bullish reversal indicator. If the price breaks above the neckline, it could confirm a trend shift, paving the way for further gains.
MKR has been facing bearish pressure since November, but recent movements suggest a more bullish picture. While current price sentiment remains bearish, the Fear & Greed Index remains at 69 (Greed), reflecting increased trading volume and growing optimism for the token.
XRP
Since the end of 2024, Ripple Labs' XRP has become one of the fastest-growing altcoins. Its price rose 476% between November 4 and December 3, and is still up 355% from before November. Although Ethereum is regarded as the second largest cryptocurrency, XRP has surpassed Ethereum on Google Trends to become the most watched currency. In the second half of 2023, a New York judge's ruling brought positive signals to Ripple, further boosting investors' confidence and interest in XRP.
XRP rose 476% from November 4 to December 3
Ethereum has outperformed Ethereum on Google Trends since mid-2024, completely outperforming the second largest currency since November
XRP is still up 355% from its price 11 months ago
Ripple Labs’ XRP has continued to maintain its popularity this year as one of the fastest-growing altcoins in the last quarter of 2024.
