In the context of a general market decline after Christmas, there has been a positive trend of whales transferring stablecoins to exchanges in the cryptocurrency market, according to Santiment. Historical data shows that the fourth quarter is typically a strong period for Bitcoin and altcoins, aligning with market cycles.
We are currently in a cooling period, which is a common phenomenon after halving events (such as the upcoming halving in 2024). Looking back at the halvings in 2012, 2016, and 2020, Bitcoin experienced significant rebounds in the following years. Additionally, external factors such as global liquidity and government policies can also impact the market.
With Janet Yellen recently announcing that the U.S. will reach its debt ceiling in mid-January, there may be more money printing and quantitative easing measures, creating a favorable environment for assets like Bitcoin.
Before the price of SOL rose, if one did not understand the fundamentals of the project in advance and failed to determine its upward trend when it was around ten to twenty dollars based on market trends, how could one predict its future?
This round of SOL's price skyrocketed from a low of $8 to $260, with everyone praising its performance and considering it superior to Ethereum. But did you foresee its rise, or did you only think it was outstanding after seeing it go up?
If it is considered outstanding simply because it has already risen, then the failure to seize the opportunity earlier indicates a lack of judgment, so how can one grasp future trends?
Many people believe that SOL will continue to perform well in the future due to its significant price increase, thinking that the bull market will be led by SOL. Therefore, whenever there is a downward adjustment, many people are buying SOL, feeling that it still has great potential for growth.
This phenomenon of blind following is precisely due to a lack of understanding.
Just because it has risen, does it mean it will continue to rise? Where is this logic? If that were the case, Bitcoin would not have dropped from $69,000 to $15,487 in the last bull market, but would have continued to rise.
The fan principle indicates that breaking below the first upward trend line is a signal.
This is why although new highs were reached later, the increase was very small.
Two weeks ago, it broke below the second upward trend line again.
If breaking below the first line is a warning signal, what does breaking below the second line mean?
Combined with the second chart: volume-price divergence, MACD line-bar divergence.
This is not a divergence on the daily or 4-hour charts; it is a divergence on the weekly level.
Recently, whale activity in Dogecoin (DOGE) has been increasing, attracting widespread attention from investors. In the past 24 hours, the value of large transactions in Dogecoin has surged, exceeding $23 billion, with an increase of up to 40%.
This phenomenon usually indicates a recovery in confidence among institutional investors and high-net-worth individuals, while also providing strong support for a significant breakthrough in Dogecoin's future price.
If historical patterns continue in the current cycle, the price of DOGE may potentially break the unprecedented $20 mark.
As of December 29, 2024, the trading price of Dogecoin is approximately $0.324, a slight increase of 2.5% within 24 hours. This small increase indicates that the sentiment among market investors is relatively cautious, but there is still potential for growth.