Sui (SUI) price surges again after a strong rebound, a $6 target is within reach!

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The native token of the decentralized smart contract platform Sui (SUI) reached an all-time high of $4.96 earlier this week, but then experienced a sharp correction of nearly 30%, dropping to $3.49. However, SUI quickly rebounded and is currently stabilizing at $4.55, up 12.8% from its low.

SUI's volatility has attracted market attention

Unlike Bitcoin (BTC) and Ethereum (ETH), which fell due to Federal Reserve interest rate decisions, the sharp volatility of SUI has drawn significant attention from investors. According to data, nearly $14 million in long and short positions were liquidated on centralized exchanges, indicating sustained market heat. Additionally, Sui's net inflow over the past three months ranks third, approaching $1 billion, showcasing its strong market appeal.

The $6 target looks within reach

With the strengthening market momentum, analysts are optimistic about SUI's future. Renowned analyst Michael van de Poppe indicated that SUI's technical chart shows a strong upward trend, and he believes the token may rise further, with a target price of $6. Technical analyst Rekt Capital also believes that SUI has successfully broken through and completed a retest, which may attract Bitcoin liquidity in the future, thereby driving prices upward.

After a brief correction, SUI continues to show strong market performance and is likely to break through the $6 barrier. With the restoration of investor confidence and the ongoing enhancement of the ecosystem, SUI's bullish outlook for the future is very strong.

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Breaking! Shiba Inu (SHIB) Reaches a Decisive Moment, Whale Fund Movements May Trigger a Price Surge!

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As whale activity in the Shiba Inu (SHIB) ecosystem becomes increasingly frequent, the coin has reached a critical turning point. According to data from the crypto analysis platform IntoTheBlock, SHIB whales have transferred up to 12.16 trillion tokens in the past 24 hours, with trading volume surging by 41%. With the price rebounding, SHIB's trajectory may be determined by these whales.

SHIB's Price Outlook: Whale Return May Drive Upward

Despite the ongoing hype around Shiba Inu, recent whale activity could become a key driving force for a price rebound. In the past 24 hours, there have been over 520 large transactions involving SHIB, each worth at least $100,000. As these whales return, market sentiment is gradually becoming optimistic.

In the past week, SHIB's price has experienced a significant pullback, dropping from $0.00002395 to a low of $0.0000186. However, with the reinjection of whale funds, a rebound for SHIB becomes possible. If these whales continue to maintain a positive investment momentum, SHIB is expected to break through the $0.000025 mark again.

SHIB's whale activity and innovative progress show new potential for it in the crypto market. Despite the market's volatility, Shiba Inu is driving growth with its strong trading volume and continuously upgraded technology. If whale fund inflows continue, SHIB is likely to welcome a price breakthrough, potentially even challenging the $0.000025 mark.

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Dogecoin (DOGE) is expected to rebound strongly after the decline, with bullish targets of $1 and even $3!

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Dogecoin (DOGE) has recently experienced a round of market correction, with prices dropping and losing several key support levels. The weekly chart shows a decline of over 20%. As of now, the price of DOGE is hovering around $0.32, striving to recover lost ground and regain the $0.4 support level.

Strong rebound momentum indicates DOGE may see a significant rise.

Despite the short-term decline, analysts generally believe that DOGE's rebound momentum is strong, and it is expected to rise to higher prices in the coming months. Some well-known traders and analysts, such as AzharBashirMir, predict that DOGE may rise to $1 or even $2, becoming one of the most investable assets in the cryptocurrency market. Meanwhile, TATrader_Alan has also stated that in this bull market, DOGE may break through the current price range, rising to $3 to $4, further strengthening its performance in the crypto market.

Although DOGE has experienced a price correction, the current rebound signals are strong, and technical analysis supports further upward movement. Whether returning to the short-term support level of $0.4 or targeting $1 or even $3 in the medium term, DOGE shows strong upward potential. For long-term investors, DOGE remains one of the cryptocurrency assets worth paying attention to.

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Bitcoin Breaks Through $100,000 Again, But Market Volatility Shows No Signs of Easing

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After experiencing significant pressure from ETF fund outflows, massive sell-offs, and mid-week pullbacks, Bitcoin (BTC) has finally welcomed a strong rebound, climbing back to the $100,000 mark. This rebound occurs against the backdrop of increased Bitcoin buying activity on the Coinbase trading platform, reflecting a restoration of investor confidence.

Bitcoin Price Pullback: A Healthy Reset?

Recently, Bitcoin's price underwent adjustments, briefly falling below $93,000, which is over a 15% decline from its historical peak. Analysts generally believe this pullback is due to the bearish divergence between Bitcoin's price and the Relative Strength Index (RSI). The RSI is often viewed as a precursor to short-term pullbacks. Cryptocurrency trader Captain Faibik points out that this pullback is nearing its end, with the $94,000 range potentially being a key support area for a rebound. Meanwhile, another analyst, Cold Blooded Shiller, believes the pullback could be more significant, with prices possibly dropping further to $85,000.

Trump's Bitcoin Strategic Reserve Proposal: Risks and Opportunities

Amid the tumultuous Bitcoin market, Trump's proposal for a 'National Strategic Bitcoin Reserve' has garnered widespread attention. Trump likens Bitcoin reserves to the U.S. Strategic Petroleum Reserve, with supporters arguing that this proposal could help the U.S. maintain its financial dominance and prevent other countries from using Bitcoin to replace the dollar. However, critics question the feasibility of treating Bitcoin as a national reserve asset, especially considering Bitcoin's high volatility and lack of direct economic utility. Economists warn that if a market collapse occurs, taxpayers could face additional risks.

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Peter Brandt warns that Bitcoin may drop to $70,000, while XRP shows bullish signals!

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Veteran trader Peter Brandt recently issued a warning that Bitcoin (BTC) is forming a bearish reversal pattern, which could lead to a significant price drop. He reminded his 763,600 followers on social media platform X that BTC could fall to the $70,000 range, especially if it breaks below the $90,000 support level. Brandt specifically pointed out that this prediction is not certain but indicates a possibility, urging investors to remain vigilant.

Bitcoin faces downside risks

Brandt noted that a right-angle expanding triangle may form on Bitcoin's daily chart; if the price breaks below the $90,000 support level, BTC could further retrace to $76,614, or even drop to the $70,000 range. Although BTC's current trading price is $97,201, showing a slight recovery in the past 24 hours, market sentiment remains under pressure.

Cardano (ADA) faces bearish risks

In addition to Bitcoin, Brandt also warned that Cardano (ADA), a competitor to Ethereum (ETH), may form a head-and-shoulders pattern on its daily chart, which is often seen as a bearish reversal pattern, suggesting that the asset's upward trend may have ended. Brandt pointed out that if ADA fails to hold the $0.91 support level, its price could experience a significant drop. Currently, ADA's trading price is $0.95, having increased by 7.2% in the past 24 hours.

XRP performs well with great potential

However, amid Brandt's warnings, XRP (Ripple) shows bullish continuation signals. He stated that XRP appears to be forming a bull flag pattern on the daily chart, which typically indicates further upward potential for its price. If the bull flag pattern holds, the upside potential for XRP may equal the distance of the advance from the top of the flagpole, suggesting that future gains could be quite substantial.

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Solana price surges, skyrocketing 9% after retesting! It may potentially rise up to 5 times in the future.

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Solana (SOL) saw a price increase of 9% today, successfully retesting key support levels. With whales actively participating, Solana is accumulating strong buying pressure. Technical charts indicate that SOL is poised for a full recovery, and many crypto analysts believe this is just a normal pullback after a breakout, paving the way for further gains.

Solana's strong performance against market expectations

Compared to Bitcoin and Ethereum, Solana's performance stands out on multiple indicators. In November, Solana reached an all-time high, attracting 53% of global crypto users, with adoption rates continuously improving. However, the recent price pullback has raised concerns in the market. Nonetheless, analysts generally believe this is just a normal breakout and retest, and the current upward trend is part of a healthy trend rather than a bearish signal.

Technical charts show signs of a full recovery

Solana's price chart shows a rebound from the key support near the 200-day SMA (simple moving average), providing an opportunity for SOL to break through the VWAP (volume-weighted average price) since the September low. Analysts suggest this indicates that Solana is likely to continue following the bull market recovery.

Future trends and altcoin season

Despite Bitcoin facing uncertainties, Solana and other altcoins are still viewed positively. With ongoing purchases from whales, Solana may form stronger bullish momentum and continue to rise in the coming months. According to technical analysis, the next target resistance level is at the 5-day SMA; once broken, Solana will continue to rise.

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XRP's Recovery is Imminent! Trump Fund Purchases XRP, Future Gains Could Be Astonishing

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As 2023 comes to a close, XRP has finally shown signs of recovery after experiencing a bearish reversal. Recently, the price of XRP has risen to $2.30, up more than 16% in the past 24 hours. Meanwhile, the market's reaction to Bitcoin (BTC) rising to $99,000 has further fueled investor optimism.

Trump Fund Purchases XRP, Sparking Attention in the Crypto Market

In the cryptocurrency space, Donald Trump and his fund's activities have garnered widespread attention. Reports indicate that Trump and his son Eric have been actively acquiring digital assets, including Bitcoin (BTC), Hedera (HBAR), and XRP. Mark Yusko, founder of Morgan Creek Capital Management, recently stated that Trump's investments, particularly in XRP and HBAR, could make him a key figure in pushing for the approval of these cryptocurrencies' ETFs.

Yusko also hinted that a source from Trump's transition team mentioned that Trump might support the establishment of a national cryptocurrency reserve. If this information is accurate, Trump's backing would undoubtedly have a positive impact on XRP's price, propelling it into a new upward trajectory.

Whales Purchase Large Amounts of XRP, Strong Market Signals

On-chain analyst Ali Martinez pointed out that since the price adjustment on December 17, whale wallets have cumulatively purchased 80 million XRP. Such bulk purchases typically indicate a potential upward trend in the market, especially in the cryptocurrency space where whale movements often precede market trends.

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As whales accumulate 1.7 million USD in SOL, will Solana's price recover?

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Solana's price is experiencing a recovery wave as whales accumulate, but analysts believe that in certain cases, its price may continue to rise further.

Under pressure in the cryptocurrency market, Solana's price has dropped to a one-month low, only showing signs of recovery today. More importantly, SOL is one of the first cryptocurrencies to recover from the lows, demonstrating positive interest from investors. Here is the process of its recovery.
Solana's price drops, whales take the opportunity to profit

Data from Coinshare confirms that whale activity has increased for several consecutive days. Last week, Solana's inflow reached 1.7 million USD, indicating that investor sentiment is shifting towards 'buying the dip.' This week is no different, as trading activity for the token remains high. Interestingly, whale participation has significantly increased this week, as investors attempt to buy before the market enters a bull run in mid-2025.

SOL's price set a historical high of 263.83 USD in November, and investor enthusiasm for further gains remains strong. Therefore, when Solana's price deviated from that price by 29% due to the cryptocurrency market crash, whales seized the opportunity. During this period, Solana's performance fell to a one-month low of 177.21 USD, but analysts say this is a retest, not a decline.

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Donald Trump's Inauguration: Ripple Leads $200 Million Cryptocurrency Donation Wave

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Donald Trump's inauguration is scheduled for January 20, 2025. It is widely expected that the United States will witness a luxurious inauguration—more extravagant than previous ones.

The inauguration committee has raised $200 million, and it is expected that this fund will exceed $225 million before the inauguration day. Notably, it is the unprecedented support from the cryptocurrency industry that has pushed this fund to such a high level. Want to know more? Please continue reading!
Why Cryptocurrency Companies Support Trump

During the U.S. election, Donald Trump presented himself as a candidate supportive of cryptocurrency to the voters. He promised to implement necessary policies to strengthen the cryptocurrency industry and assured voters that he would abolish those policies that stifle the industry’s growth potential.

According to reports, the cryptocurrency company Ripple, which is currently engaged in a tough legal battle with the U.S. Securities and Exchange Commission, has donated over $5 million.

Coinbase and Kraken are among the cryptocurrency companies that made significant contributions to the inauguration committee. Reports indicate that both Coinbase and Kraken donated at least $1 million each.

Interestingly, some cryptocurrency companies like MoonPay have declined to comment on how much they contributed to the inauguration fund.

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Look! ! Ethereum (ETH) is expected to soar to $6,000 in 2025, and may even surpass Bitcoin!

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Ethereum (ETH) seems to have reached an important turning point, and many analysts predict that the price of ETH may exceed $6,000 in January 2025, setting a new high. At the same time, an emerging altcoin called Remittix (RTX) may also achieve a 400% increase in the same period, and may even surpass ETH's performance. Let's take a look at why ETH is expected to usher in this wave of growth.

Three key factors for ETH's rise

Technical indicators indicate a strong rebound

According to technical analysis, ETH is on the verge of a breakout, especially after the formation of a golden cross. Reports from analysts such as CryptoPoseidonn and Titan of Crypto point out that this golden cross usually triggers the altcoin season in the crypto market, and ETH is expected to surpass Bitcoin (BTC) in the coming months, and the price may exceed $11,000 within 10 weeks.

ETH inflow surges

Recently, the weekly inflow of Ethereum ETF hit a new high of more than $1 billion. This phenomenon shows that institutional investors' confidence in ETH is increasing, laying the foundation for future price increases.

Whales hoard ETH in large quantities

According to Santiment data, the number of whale wallets holding more than 100,000 ETH has reached a record high, and the total value of these wallets has reached nearly $333 billion. This shows that big funds are deploying ETH in advance, and its price is expected to rise sharply.

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Cryptocurrency market cap surpasses $3.55 trillion! Bitcoin rebounds to the $100,000 mark

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After experiencing a few days of price decline, the cryptocurrency market has welcomed a strong rebound. Bitcoin (BTC) broke through $99,000 today, and the total market cap has once again surpassed the $3.55 trillion mark.

Bitcoin's strong rebound, market returns to the right track

Earlier this week, Bitcoin's price performed brilliantly, quickly rising from $101,000 to $108,000, setting a new historical high. Although it is expected that Bitcoin may break through $110,000, especially after the U.S. interest rate cuts, market sentiment has undergone a dramatic change. Bitcoin failed to maintain its upward trend and instead began to pull back significantly, dropping below the $100,000 mark, even falling to a three-week low of $92,000 on Friday, leading the market to discuss whether this signals the end of the bull market.

However, Bitcoin quickly stopped the decline and rebounded, breaking through $99,000 earlier today, stabilizing around $98,500, showing significant recovery momentum.

Altcoins welcome a rebound

With Bitcoin's rebound, the altcoin market has also seen a long-awaited rise. Many altcoins experienced daily gains exceeding double digits. Ethereum (ETH), after a significant drop, has risen by 6%, approaching $3,500. XRP rebounded to over $2.3 after dropping below $2.

Mainstream altcoins such as BNB, SOL, TRX, and HBAR have also risen by about 5-6%. Additionally, coins like DOGE, ADA, AVAX, LINK, SHIB, TON, and DOT have shown even more significant increases, achieving double-digit growth.

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Is the breakthrough of Bitcoin reaching $100,000 imminent? Analysts reveal the key moment!

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Bitcoin (BTC) has slightly rebounded after falling to $92,000. Despite multiple attempts, it still has not been able to break through the $100,000 barrier, leaving investors feeling anxious and increasing FOMO sentiment. However, analysts believe that $99,800 is the critical point for Bitcoin's potential breakthrough.

In the past 24 hours, the global market capitalization of digital assets has increased by over 5%, reaching $3.43 trillion. Although trading volume has declined, it remains above $280 billion, with market sentiment showing signs of "greed."

Is the key resistance about to be broken?

Bitcoin is facing strong resistance in the range of $97,500 to $99,800. Within this range, approximately 924,000 wallets hold over 1.19 million BTC, with a total value of about $117 billion. Analysts predict that once this threshold is crossed, Bitcoin could reach a historic high.

On Saturday morning, Bitcoin's price rebounded, rising over 3% in 24 hours, with the trading price recovering to $98,319. Although trading volume has slightly declined, the market remains full of expectations.

According to Coinglass data, in the past 24 hours, over $134 million in Bitcoin long and short positions were liquidated, with 58% being long positions. This indicates that investors generally have a positive outlook on Bitcoin's continued rise, despite the price volatility posing certain risks for long positions.

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The cryptocurrency market is experiencing extreme fluctuations, but Cardano (ADA) is rebounding against the trend, breaking through the $1 mark!

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Affected by macroeconomic factors and investor sentiment, the cryptocurrency market saw a significant drop on Friday, with $1.42 billion in assets liquidated. However, the market quickly stabilized, and over the weekend, some cryptocurrencies began to rebound, with Cardano (ADA) performing particularly well, rising 15% and briefly surpassing the $1 mark.

Federal Reserve inflation data supports market rebound

The inflation indicator that the Federal Reserve is watching—the Personal Consumption Expenditures (PCE) price index for October—grew by only 0.1%, with a year-on-year rate of 2.4%, both below expectations. This data eased market disappointment regarding the Federal Reserve's interest rate decision on Wednesday. The Fed lowered the benchmark interest rate to a target range of 4.25%-4.5%, the lowest level in two years, while also reducing the expectation for rate cuts in 2025 from four to two.

ADA price trend: After breaking through $1, a larger increase may follow

After experiencing four consecutive days of decline, the ADA price rebounded to $0.763 on Friday, and then on Saturday, it briefly broke through $1. Although it retreated slightly, as of the time of writing, ADA has risen 14.05%, reaching $0.9579. The market is closely watching whether ADA can hold the $1 level, as breaking through this could pave the way for further increases, with a potential target of $1.34, eventually breaking the $2 mark.

Highlights and challenges of the Cardano ecosystem

According to a report by Messari, Cardano's dollar Total Value Locked (TVL) grew by 13.3%, reaching $231.6 million. However, Cardano's average daily transaction volume decreased by 15.9%, falling to 43,200 transactions, leading to a year-on-year decline in dollar revenue of 31.2%, down to $510,000. Nevertheless, the market cap of stablecoins remains strong, with USDM growing by 148.5% since its launch in March.

In the midst of market volatility, ADA's support level may be around $0.76, and its performance in the coming months will be the focus of market attention.

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Shocking! Ethereum Rapid Decline, Three Major Reasons Reveal Continued Price Weakness!

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Since March 2024, Ethereum (ETH) has been rejected three times at the crucial $4,000 resistance level, with the current trading price at $3,400, plunging 6.7% in 24 hours. Despite ETH rising 47% this year, its performance appears relatively weak compared to major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP.

Why is Ethereum struggling?

Bearish Signals in the Futures Market

The premium in the futures market has turned negative for the first time, with investors beginning to turn bearish on ETH. Since December 9, ETH has experienced massive liquidation events, with nearly $300 million liquidated in a single day, further intensifying market panic.

The Future of Ethereum: Is it a Bottom or a Rebound?

Despite the current market slump, some analysts believe ETH may experience a rebound. @Trader_XO bought ETH at $3,200, expecting a few weeks of consolidation. @CryptoShadowOff identified a potential ascending triangle on the ETH monthly chart, suggesting that ETH might first drop to $2,800 before reaching a new all-time high. Meanwhile, @CryptoBullet1 pointed out that ETH shows oversold signals on the 4-hour chart, indicating that a rebound is on the way.

Currently, ETH's price remains around $3,400, with significant market uncertainty still persisting.

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Solana faces immense pressure! Price breaks key support, and the future outlook is not optimistic

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Solana (SOL) is currently experiencing significant downward pressure, with the price having fallen below multiple important support levels, currently trading at around $183, close to the critical 200 EMA ($174). This level is typically an important indicator for assessing market trends, and SOL's failure to maintain above the 50 and 100 EMA indicates strong bearish signals.

As the price continues to move downward, market bearish sentiment intensifies, accompanied by a surge in trading volume. This indicates a lack of confidence among investors regarding Solana's future prospects, with an increasing number of market participants leaning towards bearish positions.

If SOL breaks below the 200 EMA, it may further test the key psychological support level of $150; if this level is breached, the price may continue to decline. Although the Relative Strength Index (RSI) is currently at 31, close to the oversold zone, it has not yet shown reversal signals, suggesting that Solana may only see a rebound after further declines.

The broader bearish sentiment in the cryptocurrency market also exacerbates Solana's predicament. If SOL breaks below the 200 EMA and fails to recover, investor confidence may be further undermined, leading to a prolonged bearish phase. However, if SOL can hold above the 200 EMA support, it may attract buyers looking for long-term investment opportunities, helping to stabilize the asset.

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Ethereum Plummets! Price Drops Sharply to $3,197, Future Trends Full of Uncertainty

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Ethereum (ETH) has recently experienced a dramatic price drop, swiftly retreating from a peak of over $4,000 to $3,197. This severe adjustment has put Ethereum in a tough spot, making it even more challenging to break through the $4,000 mark again and regain its 30% value.

Currently, ETH has fallen below several important support levels, including the 50 EMA, which was a strong bullish signal before the recent sell-off. The breach of this support level indicates a significant weakening of Ethereum's upward momentum, and market sentiment has turned pessimistic. Additionally, the trading volume that has increased alongside the sell-off further exacerbates market concerns, showing that investors are actively participating in the downward process.

The next key support level is at the 100 EMA ($3,033). If Ethereum cannot maintain this support, it may further fall below the psychological threshold of $3,000. To restore investor confidence and lay the groundwork for a rebound, ETH must rise above $3,800.

The Relative Strength Index (RSI) is currently at 35, nearing the oversold territory, which may provide some hope for bulls, as historically, such oversold conditions often signal a potential rebound. However, any upward momentum may face strong resistance at the critical levels of $3,500 and $3,800.

From an overall market perspective, Ethereum's predicament also reflects the sentiment of the entire cryptocurrency market, especially against the backdrop of a tightening macroeconomic environment, where risk assets are generally under pressure.

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Bitcoin plummets to $94,000, a pullback may be imminent! Key support levels determine future trends

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Bitcoin has recently experienced a dramatic pullback, falling from a previous high of over $100,000 to $94,000, and the market is facing new challenges. In the short term, Bitcoin's upward trend line has been broken, indicating a weakening bullish momentum. However, there are still some key support levels and technical signals that may influence Bitcoin's future movements.

Currently, Bitcoin's psychological threshold is at $90,000, and the 50 EMA ($91,798) will also become the next key support level. If the price is supported at these levels, it may prevent further declines. Trading volume data shows an increase in recent selling pressure, indicating a rather pessimistic market sentiment.

However, the Relative Strength Index (RSI) is currently at 43, nearing the oversold territory, which provides potential regrouping opportunities for bulls. Historically, this situation often signals possible rebounds or consolidation periods.

From a longer-term perspective, Bitcoin remains above its 100 EMA ($82,971), a level that has historically served as solid support during market downturns. If the price can maintain above this level, the bullish structure will continue.

If Bitcoin can rebound above $97,000, it may trigger a new round of upward movement. However, if selling pressure persists, the $85,000 region will become a key support level for further pullbacks. Future movements will depend on whether the market can maintain these key support levels; if buyers regain control, Bitcoin is expected to stabilize and attempt to recover the $100,000 level, indicating a revival of market confidence.

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The Road to Recovery for PEPE - Interest Rates Up by 10%, But Is That Enough?

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In the past week, PEPE has encountered a significant price correction. However, in the last 24 hours, the memecoin has shown signs of recovery, and key indicators support this indication.

Therefore, AMBCrypto conducted further investigations to determine whether this price increase could lead to a comprehensive recovery.

Is PEPE recovering?
In the past week, PEPE's price has experienced a double-digit decline. Specifically, its value dropped by more than 20% in just 7 days. However, the memecoin successfully rebounded in the last 24 hours, with its value increasing by over 10%. At the time of writing, the trading price of the memecoin is $0.00001876.

As the memecoin's price rises, its trading volume has also increased by 39%, surpassing $5 billion. Whenever trading volume rises along with prices, it indicates a high possibility of a prolonged bull market.

In fact, it's worth noting that memecoins driven by market speculation and trends often suffer the most during price corrections.

On the other hand, when market conditions improve, they also experience significant rises. But does this mean that PEPE will see a large-scale bull market rebound?

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AVAX falls 29% in a week: Will these factors trigger a price reversal?

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Avalanche [AVAX] has dropped 14.05% in the past 24 hours, with a weekly decline expanding to 29.12%. Despite this bearish trend, a shift in market sentiment may be on the horizon.

According to AMBCrypto, whale activity seems to be intensifying, which could propel AVAX into a new market phase.

The increase in the number of addresses indicates rising market interest
With the simultaneous surge in active addresses (AA) and new addresses (NA), market interest in AVAX is on the rise.

In the past seven days, AA has increased by 44.50%, indicating that trading volume among existing participants has risen. Meanwhile, NA has surged by 142.90%, suggesting that the adoption rate of AVAX is steadily increasing, possibly due to new market entrants finding the asset appealing.

The combination of enhanced market participation and the influx of new addresses is a bullish indicator, suggesting that the market may be trending upwards.

According to AMBCrypto, large holders or “whales” may drive this growth by accumulating AVAX worth millions of dollars, leading to a surge in activity.

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Is the price of Dogecoin about to surge by 8,100% to $30?

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Dogecoin analysts have noticed a unique pattern in the token's price, indicating a potential breakout soon.

According to trader Tardigrade, the current Dogecoin chart resembles the price trends of 2020/2021.

During this period, the token formed two bottom patterns before breaking out of a descending channel. In 2020, Dogecoin was trading at $0.002452, which then led to a significant upward trend. A similar situation occurred in 2021, resulting in a 3,366% surge for Dogecoin.

If the target of $30 is reached, the current DOGE price could increase by 8,158%. Currently, Dogecoin is trading at around $0.31, having previously dropped from the $0.40 range. However, some analysts predict that Dogecoin will soar to $30. If this happens, those currently holding Dogecoin will see an 8,158% return.

The current price trend aligns with previous historical trends, including a strong rebound following a sideways movement. This has led experts to predict that Dogecoin will also experience a similar rebound.

If Dogecoin reaches the $30 mark, its market capitalization will exceed $40 trillion.
If this occurs, Dogecoin will become one of the largest financial assets in the world. To achieve this valuation, favorable market conditions, high usage rates, and strong investor interest are needed.

While some may believe this target is unattainable, supporters of the goal argue that Dogecoin's past performance could be a good indicator of potential future achievements.
However, some believe that such a market capitalization can only be reached if demand and liquidity are maintained at a certain level.

Another analyst recently predicted that DOGE's price could range between $3 and $15, which may be influenced by collaboration with Arkham Intelligence.

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