Buy HBAR at 0.20-0.25 USDT, or 0.10-0.15 USDT if it drops. Sell at 0.40 USDT and 0.55-0.60 USDT. Set a stop-loss at 0.18 USDT and watch trends for confirmation.
mpersonal
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I have the shib, what do you think about investing in HBAR???
Reasons for Today’s Crypto Market Decline (Dec 10, 2024)
1. Profit-Taking by Long-Term Holders: After Bitcoin’s recent rally to nearly $100,000, many long-term holders have started cashing out their profits. Over the past 30 days, approximately $60 billion worth of Bitcoin has been distributed by these holders, creating substantial selling pressure and contributing to the downward price momentum.
2. Hedging Ahead of Options Expiry: With the December 27 Bitcoin options expiry approaching, investors are increasingly adopting hedging strategies to protect against potential price declines. This shift in market positioning is causing added volatility as traders brace for possible fluctuations in Bitcoin’s value.
3. Global Economic Uncertainty (Geopolitical Tensions): Broader economic concerns, including geopolitical tensions, are making investors more cautious. Key geopolitical issues, such as instability in the Middle East following the collapse of Syria’s regime, escalating tensions on the Korean Peninsula due to North Korea’s military actions, and ongoing US-China trade disputes, have heightened global uncertainty. These factors have reduced risk appetite, leading to a sell-off in high-risk assets like cryptocurrencies and contributing to the market’s decline.
#DOGE is rising and may hit $0.60–$0.65 if it breaks $0.50 resistance. It’s overbought, so a small dip might happen before going higher. If it passes $0.74, it could reach $0.80 or more. Watch for strong buying to confirm.
Can #ETH Reach $4,800 Based on Current Market Trends?
ETH is moving upward and could reach $4,800 if it breaks the resistance around $4,100–$4,200. The momentum is strong, but it’s close to overbought, so a small drop might happen before it goes higher. Watch for strong buying activity to confirm a move toward $4,800.
USUAL has potential as a new stablecoin, especially with Binance supporting its launch, which gives it a strong start. Its price might rise in the short term due to hype, with predictions between $0.45 and $1.00. However, for long-term growth, it needs to be widely used and meet regulations, as it faces tough competition from other stablecoins like USDT and USDC. It could be a good short-term opportunity, but the crypto market is unpredictable, so invest carefully and don’t rely too much on it.
DOGE is showing a positive trend, but it might face resistance at $0.42395. If it goes above this level, the price could rise further. If not, it might drop slightly.
PEPE is trading at 0.00002050, slightly up by 1.18% in the last 24 hours. The price is recovering and is above its short-term averages. The main resistance is at 0.00002142–0.00002333, where selling pressure could increase. Support is at 0.00001920 and 0.00001698. The RSI shows no strong buying or selling, and the MACD suggests the price is stable. You can think about selling near 0.00002142 or higher if the price rises, but if it drops below 0.00001920, it could go lower.
SHIB is trading at 0.00002876, slightly down but holding above key support levels. It’s near the short-term average, showing a steady phase, with strong support at 0.00002659 and resistance at 0.00003100–0.00003300. If the price rises, you can consider selling around 0.00003100–0.00003300 to secure profits. If it falls below 0.00002700, the price might drop further, so watch closely.
ETH is trading at $3,617 and showing some bullish momentum as it’s above key moving averages. The main resistance is at $3,670, where selling pressure has been strong. If it breaks above $3,670 with good volume, it could move toward $3,760. Otherwise, it might drop back to $3,611 or lower. Consider selling around $3,670 to secure profits.
SOL is trading at $236 and showing strong upward movement. It is above its short and medium-term trend lines but just below the long-term resistance at $240. The RSI suggests the price is close to being overbought, meaning it might face resistance soon. If it breaks $240, it could rise to $264. You can consider selling some at $240 to secure profits, and if the price drops below $227, it might signal a decline.
#XRP is trading at 1.94, up 17.31%, showing strong growth. If it breaks above 1.9448, it could rise to 2.00 or 2.10. However, since the price is high and overbought, a short-term drop is possible. If it falls below 1.90, it might drop further to 1.75 or 1.55. Buy if it goes above 1.9448; sell if it drops below 1.90.