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2024-12-24 09:30:35
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Shiba Inu (SHIB) Price Analysis Besdies, the Shiba Inu price has fallen below the rising wedge, causing the token to spike by more than 30%. It could appear the price may soon trigger a healthy rebound, but the technicals suggest the other way around. The SHIB price could be prone to a wider correction, which could drag the levels below $0.00002 very soon. The MACD shows a drop in buying volume and the levels are suddenly heading towards a bearish crossover. On the other hand, the Ichimoku cloud is turning bullish as the bearish trend is expected to end. Moreover, the bullish crossover between the base & conversion line may invalidate the bearish trajectory. Therefore, the SHIB price continues to remain within a decisive phase and the trade until the weekend may have a greater impact for the upcoming price action in 2025. $SHIB
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Dogecoin (DOGE) Price Analysis After the dreadful fall in the past few days, the Dogecoin price experienced a major downfall since the start of the week. The mid-week plunge dragged the BTC price below $95,000, which dragged the entire market, including the DOGE price, close to $0.26 from the highs around $0.32. However, the bulls have managed to elevate the levels back above $0.31 but the rally appears to be still under a bearish influence. The weekly chart of DOGE indicates that the price has yet to rise above the bearish influence. However, the chart and the RSI seem to have formed a similar pattern and if the bulls manage to hold the support at $0.33 until the end of the week, then a fresh upswing could be imminent. Otherwise, the price is feared to drop below the $0.2, facing huge sell-offs. Meanwhile, the ADX is currently bearish, with the levels heading towards a bearish close and the ADX has displayed a bearish divergence. Hence, bearish waves continue to haunt the Dogecoin price rally; however, a close above $0.35 may invalidate the bearish trajectory. $DOGE
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Uniswap (UNI) Price Aims for a 100% Rise Soon The top DeFi token, Uniswap, has been largely volatile since the start of the year and experienced over 220% rise followed by 13% retracement. The price failed to clear one of the pivotal resistance zones between $18.9 and $19.6, the neckline of the parabolic recovery. However, the UNI price is expected to face an extended pullback and eventually trigger a strong rebound in no time. The UNI price is currently facing extreme bearish pressure for the second consecutive week, which suggests it may maintain a strong descending trend until the end. The OBV has displayed a bearish divergence but may certainly not validate a momental shift from the ongoing bullish trend. The token is experiencing a rise in volumes after a long time and with the first weekly Golden Cross, the price is expected to get a larger boost and trigger a 100% rise, reaching levels above $24. $UNI
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Hedera (HBAR) Price Eyes At a New ATH at $1 Hedera price triggered a massive upswing after rebounding from the November lows; HBAR price surged and achieved levels not seen since December 2021. With this recovery, the market participants became confident of the upcoming price action as the platform witnessed a huge influx of buying volume that it had never witnessed ever in history. This seems to have triggered a strong bullish case for the HBAR price, which is believed to mark new highs before the end of the year and eventually reach $1 or levels just above, marking the peak for the ongoing bull run. The latest integration of Hedera & Chainlink seems to have fueled the rally, which is about to enter a fresh bullish range. The price is stuck between 0.786 & 1 FIB levels between $0.44 and $0.571. As the RSI has displayed a bearish divergence from the overbought zone, a small pullback in the price is expected, which has begun and reached levels below $0.25. However, if the RSI hovers within the upper zone, the bullish momentum could be held, which may revamp a strong rise towards the ATH at $0.571 before the end of the year. $HBAR
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#Altcoins👀🚀 I should bullposting this chart daily so that you understand how much potential Altcoins still have in this cycle.$SOL $BNB $POL
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