Dogecoin Questionable form The current price movement of Dogecoin presents a troubling image for its bullish aspirations. DOGE has seen a significant correction from its recent highs and it is currently trading at about $0.32, which has dashed expectations for a rally toward the elusive $1 target. The asset is currently dealing with significant technical issues that could determine its course in the near future.
The 50 EMA is serving as a brittle support at $0.28, and the price chart shows that DOGE is having difficulty maintaining momentum above important levels. Further losses might be possible if this level is broken, which might push DOGE in the direction of the next support level at $0.22. This area, which corresponds to the 100 EMA, offers the asset a substantial buffer against escalating bearish pressure. #ChristmasMarketAnalysis Stay Bullish 🔥
At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28. A base for future rallies, the 26 EMA has historically served as a dynamic support level during XRP's bullish trends.
Its function in the present market environment is identical as XRP exhibits stabilizing characteristics following a significant decline. Because it symbolizes the equilibrium between short-term market sentiment and long-term momentum, this level is especially significant. With XRP possibly aiming to retest the recent highs near $2.60, a bounce from the 26 EMA could pave the way for a recovery.
The Binance. US listing has renewed enthusiasm for Pepe Coin (PEPE) and has propelled its market capitalization above $9.0 billion. This triggered a rally of over 20% in the past week. Moreover, the PEPE meme coin has rallied by an astonishing 1444% on its YTD chart, fueled by whale activity in its market.
Data reports that whales have accumulated over 10 trillion PEPE tokens, decreasing exchange supply and fostering a potential rally. PEPE has formed a bullish pennant pattern, indicating a 50% rally toward the $0.000035 level if the token manages to clear the $0.000025 resistance level.
$TRX Tron (TRX) Price Plunges: Will It Rise Back Again?
Amid the wide market correction, TRX’s price continues to display negative price action, paring off some of its gains over the past few days. The altcoin is presently trading at a discount of over 30% from its ATH. This indicates a strong bearish reversal and technical indicators align with this sentiment.
Tron must hold gains above the $0.30 support to set the stage for an upward movement towards the $0.350 resistance level. If the token sustains a bullish sentiment, it could retest its upper resistance level near the $0.40 level in December. However, if the altcoin fails to hold above the $0.30 level, it could retest the $0.250 support level. Any additional losses could push Tron’s price towards the $0.20 mark.
On the daily chart, Shiba Inu is still bullish and is rising in an oval pattern with higher highs. While rallying, the price has consistently found strong support at 0.00002424, which will likely continue and further push the price upwards. Therefore, it seems Shiba Inu may be in the accumulation phase leading to the breakout potential.
The price has kept this support zone as its area of support for a month now, and it is surely a reason for mentor price building. Specifically, these periods tend to be followed by larger price movements as the market anticipates where the market is moving next. The trend of increase indicates that it wouldn't be too late to watch for a bigger upward surge for Shiba Inu. On technical analysis, there is potential for the price to rise in the next two months, with targets at March 2024 highs. These patterns are the indicator that Shiba Inu is to break above its current range and become a talk of the market. Being supported by stronger hands and bulls, the coin is ready for potential growth.
$BTC Bitcoin sees first major weekly price decline since Trump’s election win
The pullback follows the US Federal Reserve’s Federal Open Market Committee slimming the number of projected interest rate cuts for 2025 from five to two.
Up until last week, Bitcoin’s price had risen in six of the last seven weekly closes since Trump’s victory.
$AVAX AVAX in the Spotlight: 1,500% Growth Predicted for Q1 2025
Avalanche (AVAX) has experienced notable price changes recently. In the past week, its price fell by 18.86%, marking a significant short-term decline. However, over the past month, AVAX gained 10.91%, indicating a positive trend. Looking at the last six months, the price increased by 43.24%, demonstrating substantial growth in the medium term.
Based on these indicators, AVAX may be set for a price rise. The oversold RSI and stochastic levels point to a possible upward correction. If the price holds above the support at $34.42 and gains momentum, it might reach higher resistance levels. The MACD level of -1.1796 also suggests potential for a trend reversal. Overall, the data points to growth potential for AVAX in the near future. $AVAX #BTCNextMove #MarketPullback #avax
$WIF WIF in the Spotlight: 950% Growth Predicted for Q1 2025🔥
Dogwifhat (WIF) WIF has experienced significant fluctuations recently, with its price ranging between $2.38 and $3.52. In the past week, the coin's value dropped by 31.03%, and over the last month, it declined by 39.02%. Despite these short-term decreases, WIF has shown resilience over the past six months, gaining 19.71%, which suggests potential for long-term growth.
Moving averages also provide insights into WIF's trend. The 10-day Simple Moving Average is $2.24, while the 100-day SMA is $2.62. A crossover could signal a shift in momentum. Additionally, the MACD level is at -0.0740, suggesting that bearish momentum may be waning. Traders are watching to see if WIF will rally or if it will test the second support level at $0.7749.
Neiro is trading at $0.00101 (at the time of writing), representing a 283.07% increase year-to-date. Investors are hopeful as projections suggest Neiro could reach $0.003306 in 2025, offering promising returns for those holding the token Neiro is gaining traction as a leading crypto for the next bull run.
Pepe Coin price, another standout in the memecoin category, is currently trading at $0.000019 after a 10.23% dip in the last 24 hours. Despite the drop, analysts remain optimistic about its next move.
In a tweet, crypto analyst CRG emphasized the strength of both DOGE and PEPE saying both are showing signs of “bouncing from important areas”.
With a market cap of $8.11 billion, Pepe Coin has been consolidating near crucial support levels, positioning itself for a potential breakout to new all-time highs.🔥🔥
Dogecoin has shown renewed activity with a staggering 5.8 billion DOGE tokens changing hands within 24 hours.
crypto analyst" Ali"on X said:
"5.8 billion idle #Dogecoin $DOGE tokens have come to life, changing hands in the past 24 hours."
This spike in whale activity indicates potential accumulation or redistribution, often a precursor to significant price movements.
Despite being down 5.17%, DOGE price is trading at $0.365 with a market cap of $53.78 billion. Analysts like Trader Tardigrade are bullish, predicting a major surge. In a tweet, the analyst said:
"Dogecoin Surge in every cycle follows Two-Step Jump fashion 🔥 The reasonable projection of the TOP of this cycle is $3-$4🚀🚀
$XRP Ripple,$DOGE Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar
DOGE dumped under $0.27 and XRP went below $2 during the correction.
Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP.
On-chain data shows that large wallets poured millions into both during the recent market meltdown.
BREAKING : Analysts at K33 Research predict $BTC Bitcoin’s next global ATH could arrive on Jan. 17, based on the average 318-day cycle between the first and last peaks.