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#2024withbinance Polkadot Price at Crossroads: Will Fibonacci Support Revive DOT? Polkadot’s price decline to $6.50 has traders interpreting the dip as a buying opportunity, eyeing a potential 50% rally. Despite bearish trends and a head-and-shoulders pattern, Polkadot’s $6 support level highlights buyer confidence and market resilience. Polkadot (DOT) has faced a turbulent December, reflecting both challenges and opportunities. After its impressive gain of 125.75% in November, DOT’s value has been under pressure, sinking to $7.16 earlier this week. This downward movement highlights profit-taking by investors but also reveals a critical support level that traders are closely watching. As of December 20, the Relative Strength Index (RSI) stands at 37.20, slightly above the oversold conditions. Additionally, the Stochastic Oscillator (STOCH) is at 34, reinforcing a balanced sentiment. These indicators align with analysts’ views that the cryptocurrency may be gearing up for a significant move. Polkadot’s price entered the critical 0.5 and 0.618 Fibonacci range during its recent decline. Historically, this zone has acted as a pivot point, often leading to a resurgence in demand. On-chain data supports this, showing $1 million in spot outflow on Friday morning—marking 5 straight days of outflows from Dec. 16, according to Coinglass. $DOT
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#2024withBinance What Happened in Crypto Today: Bitcoin hit $106K yesterday, and the crypto world stayed oddly quiet. No special hashtags trending. All those endless debates about when Bitcoin would finally break six figures? They're history now. But instead of chaos and excitement, we're seeing something unexpected - calm. The charts are green, portfolios are up, but the usual hype? MIA Traders who used to jump at every price movement are just... watching. Some haven't even updated their price predictions yet. Is this what a mature market looks like? Or is everyone just processing the fact that their years-old predictions finally came true? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24hours:$BTC
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#2024withBinance #BTCNewATHAgain Bitcoin (BTC), a day after marking a new ATH, dipped down to the $103,000 range early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of dips and gains across the board as the overall Market Fear & Greed Index stood at 80 (Extreme Greed) out of 100, as per CoinMarketCap data. The Pudgy Penguins (PENGU) token became the top gainer, with a 24-hour jump of nearly 510 percent. Aptos (APT) was the biggest loser today, with a 24-hour dip of nearly 12 percent. The global crypto market cap stood at $3.62 trillion at the time of writing, registering a 24-hour loss of 3.04 percent.$BTC $$ETH $SOL
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THE, RSR
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#NEIRO⏰🤫 Neiro is in great up now🔥🔥 According to CryptoFaibik, NEIRO coin could see a 40–50% rally if it breaks above the wedge’s upper boundary. Nevertheless, bearish pressure on the daily chart points out that its further direction will largely depend on the upcoming trading days. For traders and investors, NEIRO’s current setup presents a mix of opportunities and risks. The falling wedge on the 4-hour chart offers a bullish case, with significant upside potential if the breakout materializes. However, the bearish trend on the daily chart and the dip below the 20-day SMA suggest caution is warranted. The coming days will be critical in defining NEIRO’s trajectory, with traders needing to monitor both support and resistance levels closely for any decisive price movement. $NEIRO #2024withBinance
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