The recent cryptocurrency market has felt like a small roller coaster, with BTC causing some fluctuations. Although market makers tried to push prices up, they were unsuccessful, indicating that the market acceptance of the current price is quite high. From data analysis, the upcoming trend might slightly consolidate, but there is no need for everyone to be too anxious. In terms of long-term trends, the market remains on an upward track, steadily moving forward. For those with long-term holding plans, it is advisable not to sell easily, especially after reaching the expected price, and there is no need to rush into action. Remember, enter appropriately when prices are low, and observe when they are high; do not rush to sell everything. Such strategies can help stabilize your mindset, whether the market rises or falls.
The most important thing in trading is to avoid impatience, have a clear plan, and proceed step by step, after all, we are playing long-term investments, not short-term fluctuation operations. This is just my personal review, and the final investment decision should still be based on your own analysis and judgment. As for the current market trend, Bitcoin (BTC) is likely to fluctuate in the range of $93,000 to $98,000, with ETF and bullish support preventing a significant price drop. The market may look for new directions for development within this range.
$BNB is performing well, expected to fluctuate between $670 and $720, a relatively stable range, especially in the context of airdrop lock-ups, with selling pressure gradually decreasing and the proportion of loyal holders increasing, making it suitable for grid trading. As for the second-largest $ETH, it may continue to fluctuate in the range of $3,200 to $3,700, with recent market confidence, especially due to continuous institutional buying of ETFs, providing solid support for ETH.
Daily technical analysis of $BTC shows, from the candlestick chart, that the 1-hour level is sideways, the 4-hour level is down, the 12-hour level is down, and the daily level is down, with an intraday resistance level of $96,500 and a support level of $92,000.
Three potential coins are expected to yield 100 times the returns!
PENGU
In a market filled with complex projects, PENGU stands out for its focus on community and simplicity. As a meme coin, it harnesses the power of social engagement, similar to what Dogecoin did during its rise. With support from one of the most influential communities in the cryptocurrency space, PENGU holds a unique position. As investors show interest in tokens with strong community support, PENGU is gaining attention.
UNI
Uniswap recently launched Unichain, a Layer 2 solution built on the OP Stack infrastructure. The project has been running on Ethereum's Sepolia testnet since October, processing over 50 million transactions with an uptime of over 99%. A scheduled update on January 6, 2025, will enable a new feature called permissionless proof of error to enhance reliability.
In addition, Unichain will be integrated into the Optimism Superchain, a network aimed at enhancing blockchain scalability and interoperability. Uniswap Labs actively supports this ecosystem, which may strengthen Uniswap's role in decentralized finance (DeFi). This development may affect the market value of its UNI token, which currently ranks 23rd in the cryptocurrency rankings.
The price of UNI is $13.97, up 7.30% in the past day, with a market capitalization of $8.38 billion. The trading volume in the last 24 hours reached $480.6 million, indicating high liquidity. This price is 42.80% higher than its 200-day simple moving average (SMA) of $9.81, indicating good momentum. The Fear and Greed Index is at 74, reflecting a tendency towards greed.
Meanwhile, the token has shown stability, with 17 out of the past 30 days being up. The Relative Strength Index (RSI) is at 35.18, indicating a neutral trend, which may suggest sideways trading. UNI's annual inflation rate is only 0.38%, with a stable supply.
XRP
XRP has experienced a difficult period in recent days. This cryptocurrency is going through a series of setbacks, and it remains uncertain whether XRP can see a significant rebound in the short term. However, there are some optimistic developments in the long run. Analyst Oscar Ramos stated that the current consolidation phase even provides a unique opportunity to buy XRP before it potentially reaches a higher value.
