Bitcoin's price has maintained above support levels as it continues to decline, breaking through the $98,000 support level, and then falling below the $96,500 support level, even dipping below $95,000 at one point, ultimately forming a low at $94,314, while the current price is in a corrective phase. However, a rebound has occurred above $96,650, with the price rising above the 61.8% Fibonacci retracement level of the downward wave from the high of $98,267 to the low of $94,314. Currently, the Bitcoin price is below $98,000 and the 100-hour simple moving average. From an upward perspective, its price may encounter resistance near $97,500, a position close to the 76.4% Fibonacci retracement level of the downward wave from the high of $98,267 to the low of $94,314. The first key resistance level is around $98,000, and a significant bearish trend line has formed on the hourly chart of the BTC/USD pair, with resistance at $97,800.
Bullish 20-100X potential targets in the next three months!
WLD
Worldcoin is an innovative project aimed at establishing the most significant global identity and financial network. Unlike most cryptocurrency initiatives, it focuses on mass distribution, allocating the majority of tokens to individuals simply to prove their human identity. This approach aligns with its broader goal of achieving widespread adoption globally.
WLD token serves as a utility asset with governance functions, allowing users to participate in decisions regarding the protocol's future. As of today, the price of Worldcoin is $2.69, having dropped significantly by 21.20% in the past 24 hours. However, it recorded a growth of 23.32% over the past month, indicating strong performance within that time frame.
Meanwhile, market indicators show a mixed outlook. The cryptocurrency has experienced 17 positive trading days in the past 30 days, with a success rate of 57%. Its 24-hour trading volume to market cap ratio is 1.4219, indicating relatively high liquidity compared to its market cap.
Additionally, the 14-day relative strength index is 58.18, showing a neutral trend, which means there could be sideways consolidation in the short term. Predictions suggest that by the end of the year, WLD's trading price may range between $3.01 and $7.68, with an average price potentially reaching $4.79.
SOL
Solana (SOL) is the fifth-largest cryptocurrency by market ranking. It has a circulating supply of 2 million tokens, currently valued at $216.69 each. Over the past year, its price has increased by 212%. This growth has allowed Solana to outperform 78% of the top 100 crypto assets, including Bitcoin and Ethereum.
Solana's market capitalization is $103.16 billion, with a daily trading volume of $9.97 billion, demonstrating strong liquidity and investor interest. Its trading price is also 27.07% higher than the 200-day simple moving average (SMA), reaching $170.64. This indicates a continuous rise in its price.
The overall market sentiment for Solana is neutral. However, the Fear and Greed Index shows a score of 78, indicating that investors are 'extremely greedy.' The trading price of the token is also close to its cyclical high, further suggesting strong performance and sustained demand.
ONDO
ONDO token stands out in the crypto space by providing practical use cases. It allows users to participate in governance, stake for rewards, and access exclusive financial products. Moreover, the ONDO platform simplifies financial transactions, making them more secure and transparent while reducing the complexity of traditional currency systems.
Currently, ONDO's trading price ranges between $1.41 and $1.67, indicating its growth potential. Earlier today, a price drop brought ONDO close to its support level at $1.39, providing a buying opportunity for investors. If the token successfully breaks through its recent resistance level of $1.90, its value could double. Although ONDO's short-term outlook has been bearish for several months, current market dynamics suggest a potential bullish reversal. With increasing market momentum, ONDO may test its next resistance level at $1.98.
In late November, Ondo Finance announced an integration with LayerZero's interoperability protocol, marking an important step forward. This collaboration allows seamless multi-chain transfer of tokenized assets, expanding the reach of Ondo Dollar Yield (USDY) stablecoin. USDY's market capitalization exceeds $452 million, making it the third-largest tokenized U.S. Treasury asset.
Through this integration, Ondo leverages LayerZero's Omnichain fungible token standard (OFT) to extend the functionality of its ERC-20 tokens to a broader range of DeFi applications. The system ensures institutional-grade security through validators supported by platforms like Polyhedra, Axelar, and LayerZero Labs. Users can now access yield-bearing U.S. Treasuries without minting new tokens for other chains.
