Ethereum is on an upward trajectory, engaged in a retest of its breakout zone within an ascending triangle.The current retest of Ethereum's breakout zone suggests a potential price target of $3,500.According to Coingabbar Technical Analysis, Ethereum's price faces challenges reclaiming $2,250, contrasting with Bitcoin's $43,500 breakthrough.ETH exhibits worrisome indicators, suggesting vulnerability to a significant downturn.Struggling to surpass the $2,250 resistance, Ethereum is encountering hurdles in upward momentum.Trading under $2,200 and the 100-hourly Simple Moving Average, price weakness persists.Prolonged stay below $2,250 may trigger substantial declines for the Ethereum pair.Ethereum undergoes a retest of the ascending triangle breakout line.The 4-hour chart reveals ETH trading within a descending channel.
KEY LEVELS :
RESISTANCE LEVEL : $2,270-$2,330
SUPPORT LEVEL : $2,180-$2,130
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#crypto2023 #dyor #BullRunPredictions $ETH #BinanceWish #BTC

Axie Infinity's AXS token has been seeing a stunning ascension in the arena of cryptocurrencies. It has witnessed an astonishing spike of over fifty percent in the previous twenty-four hours and is presently trading at $9.26. With a market value of $1.4 billion and a circulating quantity of 132 million coins, AXS has been catapulted to the forefront of gaming cryptocurrencies as a result of this boom.
It is possible to attribute this remarkable upsurge to a recent significant game update that has introduced a transformational component to the Axie Infinity environment. This upgrade is the driving force behind this extraordinary upswing.
The evolution of Axie Infinity completely changes the game economy.
Players will have the option to develop their digital companions with extra traits and powers thanks to this update, which focuses on the evolution of Axies, which are animals that are comparable to Pokemons.
A deflationary process is introduced as a result of this development, which brings about significant changes to the economy of Axie Infinity since it goes beyond the surface adjustments. Because of this approach, the total number of Axies may be reduced, which would result in an increase in the value of the Axies that are currently in existence and would also enhance the connections between players and their virtual counterparts.
With that being said, a note of warning emerges in the middle of this surge. The price of AXS has been gaining pace as a result of the market's resurgence and Bitcoin's acceleration toward $45,000; nonetheless, there are concerns regarding the possibility of a sudden fall.
An increasing number of people are getting concerned about impatient holders who are struggling with losses. A considerable number of sellers were driven to liquidate their holdings as a result of the spike. According to statistics provided by Coinglass, nearly $2.4 million worth of short contracts were liquidated, which contradicts the negative forecasts that were made.
The market is adjusting, and the data indicates that there is a possibility of a large correction occurring. The number of addresses that are lucrative has climbed to over thirty percent, but this figure is still outnumbered by the fifty thousand holders who are now in the red.
In light of this scenario, it appears that the persistent upward trend in the price of AXS may encourage holders who have suffered losses to leave the market in an effort to reduce the amount of money they have lost.
The Technical Analysis of AXS: Some Important Levels and Caution
In terms of technical analysis, AXS has created important resistance levels at $10.41, $11.37, and $12.01. Additionally, there is immediate support at $9.09, and additional support can be found at $8.54 and $8.06.
The Relative Strength Index (RSI), which is an important indication of market mood, is now at a high level of 81, which indicates that the market is showing signs of being overbought today. Although this indicates that there is a strong purchasing tendency, it is important to exercise caution because an overbought state may signal that there is the possibility of reversals in the market.
A substantial game update has been the driving force behind the spectacular spike that Axie Infinity's AXS has seen, which has amplified the enthusiasm that is present in the digital asset scene as the new year draws near.
In spite of the bullish trend, caution is still prevalent, as market players are apprehensive of the possibility of a reversal and holders are struggling with impatience as a result of losses.
When it comes to the ever-changing cryptocurrency market, the new economic variables that were added by the game update provide an additional degree of fascination to the direction that AXS is following.
#AxieInfinity $AXS #BullRunPredictions

Stablecoin issuer Circle takes a significant step by introducing its EURC stablecoin directly on the Solana blockchain.Users now have access to more economical Euro transactions, circumventing the high "gas" fees associated with Ethereum.The 4-hour chart of the SOL/USD pair reveals a notable development – a breakthrough above a key bearish trend line with resistance around $76.00.According to Coingabbar Price Analysis,Solana initiates a new upward trend starting from the $67.00 zone against the US Dollar.Similar to Bitcoin, Solana's price maintains a position above $76.00 against the US Dollar, setting the stage for potential strength.SOL could witness substantial growth if it successfully surpasses the $80.00 resistance level.The lower trendline of the wedge pattern serves as a safety net  during the ongoing robust recovery.Anticipation builds for a bullish breakout from the wedge pattern, intensifying buying interest from the market. SOL experienced a notable 15% upswing on December 18th, triggered by a reversal from the lower trendline, reaching the current trading price of $77.00.The main query persists: Will Solana successfully breach the $80 hurdle, or is there a possibility of a downturn once again?
KEY LEVELS :
RESISTANCE LEVEL : $80.00-$83.00
SUPPORT LEVEL : $75.00-$72.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#crypto2023 #dyor #DYOR🟢 #BinanceWish #BullRunPredictions $SOL

BlackRock, Nasdaq, and SEC officials held a second December meeting to address rule changes for the anticipated listing of spot Bitcoin ETFs.BTC maintains a strong uptrend, indicating potential for continued upward movement.Possibility exists for Bitcoin to gain momentum, surpassing the $45,000 mark.According to Coingabbar Technical Analysis, On December 18th, BTC found support at $40,500 and initiated an upward trend.The price encountered resistance around $43,500 but faced another obstacle, leading to a drop to $41,800.Recent developments include discussions on Bitcoin ETF, BlackRock, Nasdaq meeting with the SEC, contributing to a rise in BTC.Despite facing resistance, BTC breached the $43,500 hurdle and traded above $44,000 levels.A bullish candle formed on the daily chart, and BTC broke and closed above the Symmetric Triangle pattern.BTC is currently positioned close to the upper limit of the double bottom reversal range.If BTC successfully closes above the channel, a new high is anticipated with a rally towards $50,000.Conversely, if BTC fails to surpass $45,000, a sharp selling scenario may unfold, testing $42,000-$40,000 levels again.
KEY LEVELS :
RESISTANCE LEVEL : $44,200-$44,700
SUPPORT LEVEL : $43,300-$42,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#BTC #BinanceWish #crypto2023 #dyor #BullRunPredictions $BTC

Avalanche : The tiny transaction fees in "Avalanche" save builders a ton of money on overhead costs.
Solana: Over seven thousand people took part in the Hyperdrive Hackathon in November, and over nine hundred projects were created.
Cardano : is a proof-of-stake blockchain technology that aims to provide improved security and scalability.
However, if investors are looking to gain a leg up in 2024, there are three cryptocurrencies that I strongly suggest adding to your portfolio.
Avalanche

Unique among smart contract platforms, Avalanche's three-chain design (X-Chain, C-Chain, and P-Chain) allows it to perform 6,500 transactions/second. An active and growing community of developers is evident on the C-Chain, as the number of smart contract installations has increased.
Late November saw the issuance of 9.54 million AVAX tokens, which coincided with Avalanche's month-to-date rise. This shows that market absorption has been resilient and demand has been sustained. This happened when the gas fees for Ethereum (ETH-USD) were rising; in December, Ethereum's gas cost was $4.66 per transaction, while Avalanche's median gas cost was just $0.051.
Layer one blockchains like Avalanche establish the groundwork for a wide range of uses. As a blockchain network that can be customized, it competes with Ethereum. Despite certain bearish on-chain signs and a little decrease in large transaction volume, the majority of unit holders are still making money, which shows how enthusiastic people are about Avalanche. The next objective for AVAX's upside is somewhere around $80.
Solana

With a 3% gain in the past day and an impressive $4.55 billion in trading volume, Solana has recovered from the critical $100 support level and is now trading at $104.25. Solana is the fifth most valuable cryptocurrency on CoinMarketCap, with a market valuation of over $44.74 billion and a total of 429,177,917 SOL coins in circulation.
Many are watching Solana's reaction to these market factors with bated breath, hoping that this surge will propel the cryptocurrency to new heights.
Also, investor Cathie Wood lauded Solana for having better utility than Ethereum, which caused its price to rise. After Wood endorsed SOL on CNBC, its market valuation skyrocketed, placing it among the top five cryptocurrencies. Consistent with Wood's assessment of its efficiency relative to ETH, analysts predict a surge in 2024.
Cardano

The emphasis on security and empirical approaches of Cardano has garnered a substantial following. The project's methodical approach appealed to investors who were looking for rewards in the long run. The price of Cardano surged to roughly $0.60 in 2023, more than doubling its value. The project's impressive success in recent weeks disproved early doubts.
Given its lesser market valuation in comparison to Bitcoin, Cardano is in a favorable position to potentially benefit from Bitcoin rallies and events following the halving. Experts say that Cardano is one of the most stable cryptocurrencies, with a reasonable risk-reward ratio and a possible gain of 2,800% for investors.
Also, a group of whales bought 100 million ADA when ADA dropped to $0.86, suggesting short-term positive sentiment. Beyond the ebb and flow of market sentiment, Cardano is a cryptocurrency to keep an eye on due to institutional interest and continuous ecosystem advances including decentralized governance and improved network functionalities.
#crypto2024 #cryptocurrency #BullRunPredictions

BitMEX founder Arthur Hayes made it known through a tweet that he is swapping his Solana holdings for Ethereum.Investors are eagerly awaiting the approval of a Spot Bitcoin ETF, a development poised to play a pivotal role in initiating a noteworthy price rally.Notably, Ethereum has seen a robust 5% surge in the past 24 hours, surpassing the crucial $2300 mark, marking a substantial increase following a week of fluctuations.
According to Coingabbar Technical Analysis, Ethereum is facing challenges in surpassing the crucial $2,330 resistance zone.Currently, the price maintains a position above $2,250 and the 21-hourly Simple Moving Average.On December 18th, Ethereum retraced to retest the Ascending Triangle pattern, resulting in a noteworthy 9% surge.Despite breaching the Bullish Flag pattern recently, ETH struggled to sustain its position above it.Notably, today's market activity saw Ethereum breaking the Bullish Flag pattern accompanied by significant trading volume, triggered by a tweet.The potential for a substantial upward movement exists if Ethereum manages to close convincingly above the resistance levels at $2,330 and $2,350.In the event of a sustained rally, there is a possibility of Ethereum reaching a new yearly high before the close of the year.
KEY LEVELS :
RESISTANCE LEVEL : $2,350-$2,400
SUPPORT LEVEL : $2,270-$2,220
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#ETH #BinanceWish #crypto2023 #dyor #BullRunPredictions $ETH

Bitcoin enthusiasts are eagerly awaiting the US Securities and Exchange Commission's (SEC) decision on the Ark 21Shares Bitcoin ETF, set for a crucial deadline on January 10, 2024.Excitement is building as the SEC gears up to share insights on recent S-1 filing tweaks, raising hopes for potential approvals on Wednesday and Thursday.Concurrently, expectations point to the US Manufacturing Purchasing Managers' Index (PMI) maintaining its position at 48.2 throughout December 2023.According to Coingabbar Technical Analysis, 1. Bitcoin formed a base above the $41,500 support zone.After trading sideways, The BTC price broke through previous highs.Bitcoin's recent breakout from a four-week pennant pattern is notable.BTC is gaining momentum, surpassing $44,000 and $44,500 resistance levels.Recent rumors of spot ETF approval have fueled a fresh increase in Bitcoin price.Bitcoin's price is up by over 7.70%, clearing the $45,000 resistance.Positive signs are evident as Bitcoin maintains a closing price above the $45,000 resistance level.The BTC price broke out of an ascending triangle, aiming for the next resistance at $47,600.
KEY LEVELS :
RESISTANCE LEVEL : $46,000-$46,600
SUPPORT LEVEL : $45,400-$44,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#BTC #crypto2024 #BullRunPredictions #etf #dyor $BTC