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🎙️ BTC价格再度下探，等待回调反弹还是继续看空？
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Last night, after the US stock market opened, the Dow Jones Index fell by 0.9%, the S&P 500 Index fell by 1.4%, and the Nasdaq Composite Index fell by 2%. Technology stocks experienced a noticeable pullback. Analysts believe that technology stocks may have dragged down the overall market. However, it is worth noting that most traders and tech company employees are currently on vacation, who still cares about stock fluctuations and company performance?
We all know that tech company employees work hard and put in extra hours, but during holidays, they completely relax and enjoy their time. In a few days, as these 'Iron Men' return, the stock market may welcome a wave of positive momentum. Moreover, the glamorous seven giants have a close relationship with Trump; if Trump returns to power, how could he not continue to push stock prices higher and accumulate capital for the next four years?
Recently, Canada Goose announced that it will use BTC for international trade. Meanwhile, there are many BTC mining farms in Russia; although relations with the West are tense, supporting BTC may be a reluctant choice. As more and more countries around the world, especially countries like India, start to reserve BTC, the demand for BTC may further increase. In the Eastern countries, corrupt power figures are also more inclined to choose BTC for capital transfers. In fact, data from the first quarter shows that $230 billion has already flowed out of the Eastern countries, and the situation is becoming increasingly serious.
From the daily chart of BTC, the 5-day and 10-day moving averages have now broken below key support, and the likelihood of a rebound in the short term is low. BTC is expected to continue to fluctuate downwards, with resistance levels around $97,500 and $99,500, while support is approximately at $90,500. Yesterday's increased volume decline shows that the bearish forces are still strong, and the daily chart indicates that the market has not yet bottomed out. Therefore, BTC may need to drop further before a rebound occurs. This is the last ultra-low buying opportunity in a bull market; investors can place orders in batches and prepare to enter.
On the 4-hour chart, the short-term bottom remains relatively high, and in the short term, one can consider going long around $94,000, with a stop loss set at $93,500. The resistance levels above are $95,698 and $97,805, respectively. For short positions, I do not recommend holding them for the long term; if you must operate on a short position, please decide for yourself.
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We all know that tech company employees work hard and put in extra hours, but during holidays, they completely relax and enjoy their time. In a few days, as these 'Iron Men' return, the stock market may welcome a wave of positive momentum. Moreover, the glamorous seven giants have a close relationship with Trump; if Trump returns to power, how could he not continue to push stock prices higher and accumulate capital for the next four years?
Recently, Canada Goose announced that it will use BTC for international trade. Meanwhile, there are many BTC mining farms in Russia; although relations with the West are tense, supporting BTC may be a reluctant choice. As more and more countries around the world, especially countries like India, start to reserve BTC, the demand for BTC may further increase. In the Eastern countries, corrupt power figures are also more inclined to choose BTC for capital transfers. In fact, data from the first quarter shows that $230 billion has already flowed out of the Eastern countries, and the situation is becoming increasingly serious.
From the daily chart of BTC, the 5-day and 10-day moving averages have now broken below key support, and the likelihood of a rebound in the short term is low. BTC is expected to continue to fluctuate downwards, with resistance levels around $97,500 and $99,500, while support is approximately at $90,500. Yesterday's increased volume decline shows that the bearish forces are still strong, and the daily chart indicates that the market has not yet bottomed out. Therefore, BTC may need to drop further before a rebound occurs. This is the last ultra-low buying opportunity in a bull market; investors can place orders in batches and prepare to enter.
On the 4-hour chart, the short-term bottom remains relatively high, and in the short term, one can consider going long around $94,000, with a stop loss set at $93,500. The resistance levels above are $95,698 and $97,805, respectively. For short positions, I do not recommend holding them for the long term; if you must operate on a short position, please decide for yourself.
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After a huge trading volume appeared at the bottom of GMT, the price surged significantly, mainly due to:
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GMT has completed a full migration to the Polygon chain, which will reduce transaction gas fees.
A burning event of 600 million tokens of GMT has been initiated, expected to last until January 20, 2025, and the earlier GMT is locked, the more rewards will be obtained.
Users who lock their tokens and participate in voting will be able to earn up to 300% annualized returns daily and have the chance to unlock limited edition NFTs.
This strategy is similar to the staking reward mechanisms of other projects, stimulating investor participation through high returns, leading to price increases. While this kind of operation brings opportunities, it also comes with certain risks, so it is very important to manage risks wisely.
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GMT has completed a full migration to the Polygon chain, which will reduce transaction gas fees.
A burning event of 600 million tokens of GMT has been initiated, expected to last until January 20, 2025, and the earlier GMT is locked, the more rewards will be obtained.
Users who lock their tokens and participate in voting will be able to earn up to 300% annualized returns daily and have the chance to unlock limited edition NFTs.
This strategy is similar to the staking reward mechanisms of other projects, stimulating investor participation through high returns, leading to price increases. While this kind of operation brings opportunities, it also comes with certain risks, so it is very important to manage risks wisely.
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FLOKI Soars 22% in a Week – Is a Memecoin Supercycle Coming?
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In the past week, the memecoin community has reached a turning point. Recently, investors have preferred to choose assets with lower volatility and greater stability, which has put pressure on the memecoin community to attract investors. FLOKI has become a typical representative of this shift.
In just seven days, FLOKI achieved a 22% increase, showing significant signs of recovery. This recovery trend also aligns with the overall changes in the memecoin market. So, does this growth mean that FLOKI might experience a larger-scale rebound?
In mid-December, the cryptocurrency market was hit hard, and the sharp decline of BTC had a severe impact on high-end and mid-tier assets. However, just a week ago, the market conditions were vastly different. With BTC breaking the $99,000 mark for the first time, altcoins experienced a rise, while meme tokens performed somewhat poorly.
As we enter the last week of the fourth quarter, the memecoin market shows a strong comeback, with charts displaying a bullish trend, even rumors of a “supercycle” circulating. However, FLOKI's recovery journey is still a long way to go.
As of now, FLOKI's price is $0.0001800, still a considerable distance from its recent high of $0.000300. Although the recent rise has brought some optimism, FLOKI still needs sustained momentum to rebuild investor confidence and return to the profitable range.
Currently, FLOKI carries high risk – approximately 12,000 addresses hold 30.7 billion FLOKI tokens, with an average purchase price of $0.000259, and these holding addresses are all in a state of loss. These investors are clearly keeping a close eye on market trends, thus FLOKI faces greater pressure for a rebound. Some analysts predict that FLOKI could rise by 50%, pushing it up to $0.00027, but achieving this target is not easy.
From FLOKI's daily price trend, the token has maintained a relatively consistent price movement. However, in the highly volatile memecoin market, market psychology plays a crucial role. FLOKI is no exception.
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In the past week, the memecoin community has reached a turning point. Recently, investors have preferred to choose assets with lower volatility and greater stability, which has put pressure on the memecoin community to attract investors. FLOKI has become a typical representative of this shift.
In just seven days, FLOKI achieved a 22% increase, showing significant signs of recovery. This recovery trend also aligns with the overall changes in the memecoin market. So, does this growth mean that FLOKI might experience a larger-scale rebound?
In mid-December, the cryptocurrency market was hit hard, and the sharp decline of BTC had a severe impact on high-end and mid-tier assets. However, just a week ago, the market conditions were vastly different. With BTC breaking the $99,000 mark for the first time, altcoins experienced a rise, while meme tokens performed somewhat poorly.
As we enter the last week of the fourth quarter, the memecoin market shows a strong comeback, with charts displaying a bullish trend, even rumors of a “supercycle” circulating. However, FLOKI's recovery journey is still a long way to go.
As of now, FLOKI's price is $0.0001800, still a considerable distance from its recent high of $0.000300. Although the recent rise has brought some optimism, FLOKI still needs sustained momentum to rebuild investor confidence and return to the profitable range.
Currently, FLOKI carries high risk – approximately 12,000 addresses hold 30.7 billion FLOKI tokens, with an average purchase price of $0.000259, and these holding addresses are all in a state of loss. These investors are clearly keeping a close eye on market trends, thus FLOKI faces greater pressure for a rebound. Some analysts predict that FLOKI could rise by 50%, pushing it up to $0.00027, but achieving this target is not easy.
From FLOKI's daily price trend, the token has maintained a relatively consistent price movement. However, in the highly volatile memecoin market, market psychology plays a crucial role. FLOKI is no exception.
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Will Bitcoin bears pull it down to $60,000? Analysts share signs of a possible pullback
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Currently, Bitcoin's price trend has attracted great attention from the market, and bearish sentiment may cause Bitcoin to pull back to $60,000 again. Although Bitcoin's recent price has fluctuated around $96,000 and has not seen a major breakthrough, the market's technical signals and on-chain data have prompted some possible signs of a price pullback.
Here are some key analyses and predictions:
Possibility of a price pullback to $70,000:
Peter Brandt predicts that Bitcoin may break out of an expanding triangle and pull back to about $70,000. He believes that once the price falls below $93,806, the target area of $70,085 becomes relatively feasible.
According to on-chain data, Ali Martinez believes that a Bitcoin price pullback to $70,000 is possible, and this pullback may constitute a support area for the market.
Market bottom could be at $78,000:
The Pi Cycle Top indicator suggests that the possible market bottom for Bitcoin is around $78,000. This means that despite the correction pressure on Bitcoin, the price may not fall below this support level.
The indicator also points out that the possible market top for Bitcoin is at $132,000, indicating that the long-term bullish trend is still in place.
Bearish pressure and possible $60,000 correction:
According to the MACD technical indicator, Bitcoin is currently showing bearish signals, which could lead to a further correction to $60,000. However, the Chaikin Money Flow (CMF) indicator shows an increase in fund inflows, suggesting that buying has begun to increase, which may provide support to the price and prevent further declines.
Market Sentiment and Fear/Greed Index:
According to the current Fear and Greed Index, the market sentiment of Bitcoin is in the neutral zone. This means that the direction of price fluctuations in the short term is unclear and may go in any direction, depending on further market movements and macroeconomic conditions.
TD Sequential Buy Signal:
In the short term, the TD Sequential indicator has shown a buy signal on Bitcoin’s hourly chart, suggesting a possible rebound. Although bearish sentiment is strong in the market at present, this also indicates that a price reversal may occur in the short term.
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Currently, Bitcoin's price trend has attracted great attention from the market, and bearish sentiment may cause Bitcoin to pull back to $60,000 again. Although Bitcoin's recent price has fluctuated around $96,000 and has not seen a major breakthrough, the market's technical signals and on-chain data have prompted some possible signs of a price pullback.
Here are some key analyses and predictions:
Possibility of a price pullback to $70,000:
Peter Brandt predicts that Bitcoin may break out of an expanding triangle and pull back to about $70,000. He believes that once the price falls below $93,806, the target area of $70,085 becomes relatively feasible.
According to on-chain data, Ali Martinez believes that a Bitcoin price pullback to $70,000 is possible, and this pullback may constitute a support area for the market.
Market bottom could be at $78,000:
The Pi Cycle Top indicator suggests that the possible market bottom for Bitcoin is around $78,000. This means that despite the correction pressure on Bitcoin, the price may not fall below this support level.
The indicator also points out that the possible market top for Bitcoin is at $132,000, indicating that the long-term bullish trend is still in place.
Bearish pressure and possible $60,000 correction:
According to the MACD technical indicator, Bitcoin is currently showing bearish signals, which could lead to a further correction to $60,000. However, the Chaikin Money Flow (CMF) indicator shows an increase in fund inflows, suggesting that buying has begun to increase, which may provide support to the price and prevent further declines.
Market Sentiment and Fear/Greed Index:
According to the current Fear and Greed Index, the market sentiment of Bitcoin is in the neutral zone. This means that the direction of price fluctuations in the short term is unclear and may go in any direction, depending on further market movements and macroeconomic conditions.
TD Sequential Buy Signal:
In the short term, the TD Sequential indicator has shown a buy signal on Bitcoin’s hourly chart, suggesting a possible rebound. Although bearish sentiment is strong in the market at present, this also indicates that a price reversal may occur in the short term.
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Bitcoin is currently facing downward pressure, and analyst Titan of Crypto predicts that it may fall further, with the target support level of $87,000.
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He believes that although this decline may bring "maximum pain" to short-term and long-term investors, such a price correction may also lay the foundation for Bitcoin's next wave of gains.
Titan emphasized that the trend of the cryptocurrency market is not always linear, which highlights the high volatility and unpredictability of the market. Despite the current price decline, he is optimistic about the future of Bitcoin and believes that it will eventually rebound and rise to $110,000. He believes that this pullback is just part of the natural adjustment of the market, which will eventually create greater room for Bitcoin to rise.
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He believes that although this decline may bring "maximum pain" to short-term and long-term investors, such a price correction may also lay the foundation for Bitcoin's next wave of gains.
Titan emphasized that the trend of the cryptocurrency market is not always linear, which highlights the high volatility and unpredictability of the market. Despite the current price decline, he is optimistic about the future of Bitcoin and believes that it will eventually rebound and rise to $110,000. He believes that this pullback is just part of the natural adjustment of the market, which will eventually create greater room for Bitcoin to rise.
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Bitcoin is currently facing a significant support line test, especially after the price fell below $95,000 and is retesting the lower support line of the ascending channel.
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Analyst Tardigrade points out that this drop is seen as a 'false breakout' and has not truly confirmed a downward trend in the market. Bitcoin has successfully rebounded and returned to the ascending channel, indicating that there is still a possibility for a reversal in market sentiment.
If Bitcoin can hold this support line, analysts expect it to continue rising, with a target price range between $110,000 and $112,000, which also aligns with the upper resistance line of the ascending channel. Although the current market is bearish, this pullback could provide Bitcoin an opportunity for a renewed upward breakout.
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Analyst Tardigrade points out that this drop is seen as a 'false breakout' and has not truly confirmed a downward trend in the market. Bitcoin has successfully rebounded and returned to the ascending channel, indicating that there is still a possibility for a reversal in market sentiment.
If Bitcoin can hold this support line, analysts expect it to continue rising, with a target price range between $110,000 and $112,000, which also aligns with the upper resistance line of the ascending channel. Although the current market is bearish, this pullback could provide Bitcoin an opportunity for a renewed upward breakout.
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Drawing the Altcoin Seasonal Chart – Will BNB and AAVE Outperform Other Currencies?
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Recently, the cryptocurrency market has continued to decline, with the market size dropping by 2.06% to $3.33 trillion. However, the market size fell even more dramatically from $3.7 trillion in November to $3.28 trillion on December 24, a decrease of 18.33%.
Despite the overall market downturn, trading volume has increased by 3.3% in the past 24 hours, reaching $121.84 billion. This indicates that although the market is under pressure, traders' selling pressure has gained actual momentum, suggesting further volatility in the market.
Typically, a downward trend in the market affects the performance of altcoins, particularly as these tokens usually follow the trend of the overall market. According to AMBCrypto's analysis, the decline in capital inflow has played a key role in the ongoing market slump. Liquidity has noticeably decreased, indicating a lack of willingness for proactive investment in the market.
Glassnode data shows that capital inflow in the cryptocurrency market has significantly declined, a change that reflects a lack of bullish sentiment towards the market. Capital inflow reached $134 billion on December 10, but has since dropped to $100 billion at the time of writing this article. Such a decline typically means that investors lack confidence in most cryptocurrencies and prefer to hold stable assets rather than purchase volatile tokens. This trend further exacerbates the bearish sentiment in the market, increasing the risk of continued decline.
Despite the overall decline in capital inflow, some tokens are still expected to potentially outperform the market and maintain a bullish momentum. Here are some promising tokens:
BNB Expected to Hit All-Time High
BNB has performed exceptionally well in 2024, achieving two all-time highs. After peaking at $691.77 in 2021, BNB broke this level in June 2024, reaching $721.80. By December 2024, BNB's price set a new record again, reaching $793.86. Currently, BNB is in an accumulation phase, and if it successfully breaks through this phase, it could trigger a rally, potentially exceeding the psychological barrier of $800.
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Recently, the cryptocurrency market has continued to decline, with the market size dropping by 2.06% to $3.33 trillion. However, the market size fell even more dramatically from $3.7 trillion in November to $3.28 trillion on December 24, a decrease of 18.33%.
Despite the overall market downturn, trading volume has increased by 3.3% in the past 24 hours, reaching $121.84 billion. This indicates that although the market is under pressure, traders' selling pressure has gained actual momentum, suggesting further volatility in the market.
Typically, a downward trend in the market affects the performance of altcoins, particularly as these tokens usually follow the trend of the overall market. According to AMBCrypto's analysis, the decline in capital inflow has played a key role in the ongoing market slump. Liquidity has noticeably decreased, indicating a lack of willingness for proactive investment in the market.
Glassnode data shows that capital inflow in the cryptocurrency market has significantly declined, a change that reflects a lack of bullish sentiment towards the market. Capital inflow reached $134 billion on December 10, but has since dropped to $100 billion at the time of writing this article. Such a decline typically means that investors lack confidence in most cryptocurrencies and prefer to hold stable assets rather than purchase volatile tokens. This trend further exacerbates the bearish sentiment in the market, increasing the risk of continued decline.
Despite the overall decline in capital inflow, some tokens are still expected to potentially outperform the market and maintain a bullish momentum. Here are some promising tokens:
BNB Expected to Hit All-Time High
BNB has performed exceptionally well in 2024, achieving two all-time highs. After peaking at $691.77 in 2021, BNB broke this level in June 2024, reaching $721.80. By December 2024, BNB's price set a new record again, reaching $793.86. Currently, BNB is in an accumulation phase, and if it successfully breaks through this phase, it could trigger a rally, potentially exceeding the psychological barrier of $800.
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Parcl, the decentralized real estate trading platform on Solana, reached a major milestone on December 26, surpassing $100 million in daily trading volume. Of that total, Miami Beach Index contributed $47 million. This achievement marks a significant turnaround for Parcl from its slow start since the Token Generation Event (TGE). Weekly trading volumes surged to more than 16,000, five times Q3 levels, signaling renewed interest in real-world assets (RWA).
To further build on this momentum, Parcl plans to attract more participation through a trading competition in January, which will offer a prize of $258,000. This growth also highlights Solana’s potential to become an RWA innovation hub by 2025.
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To further build on this momentum, Parcl plans to attract more participation through a trading competition in January, which will offer a prize of $258,000. This growth also highlights Solana’s potential to become an RWA innovation hub by 2025.
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Binance Wallet Adds 9 dApps: Advancing Decentralized Finance
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Binance Wallet has recently added support for 9 innovative decentralized applications (dApps), further promoting the development of the decentralized finance (DeFi) ecosystem. These newly integrated dApps include UniSat, ALPHA-X, WOOFi, oooo Protocol, DeSyn Protocol, Prosper, Eddy Finance, Matrixdock, and Jasper Vault, covering a variety of features such as cross-chain trading, stablecoins, AI-driven insights, and decentralized liquidity solutions.
This expansion demonstrates Binance's commitment to enhancing its ecosystem and providing users with advanced tools for more seamless cryptocurrency trading and financial management. With these dApps, Binance Wallet becomes a multifunctional platform, helping users better navigate the evolving DeFi landscape.
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Binance Wallet has recently added support for 9 innovative decentralized applications (dApps), further promoting the development of the decentralized finance (DeFi) ecosystem. These newly integrated dApps include UniSat, ALPHA-X, WOOFi, oooo Protocol, DeSyn Protocol, Prosper, Eddy Finance, Matrixdock, and Jasper Vault, covering a variety of features such as cross-chain trading, stablecoins, AI-driven insights, and decentralized liquidity solutions.
This expansion demonstrates Binance's commitment to enhancing its ecosystem and providing users with advanced tools for more seamless cryptocurrency trading and financial management. With these dApps, Binance Wallet becomes a multifunctional platform, helping users better navigate the evolving DeFi landscape.
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Is the situation for Bitcoin improving? Recent reserves and net flows suggest a market reversal
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Bitcoin is facing short-term volatility recently. The reserves at spot exchanges have seen a significant increase, with about 20,000 BTC flowing into the market, indicating that more Bitcoin is being deposited into exchanges, which usually means an increase in trading or selling intentions. Over the past two weeks, the price of Bitcoin has dropped nearly 7%, which may be an early signal of short-term volatility.
Additionally, the net inflow across all exchanges has turned positive, with a net increase of 15,800 BTC, marking that inflows have exceeded outflows. This shift, combined with the increase in reserves, further enhances the possibility of increased trading activity or investors potentially preparing for profit-taking.
While the overall market trend supports accumulation and self-custody, the recent changes may reflect cautious sentiment among investors, suggesting they may be preparing for profit-taking or getting ready for potential price adjustments.
Meanwhile, a report from Bloomberg indicates that South Korea's 'Kimchi Premium'—the price difference of Bitcoin between South Korean exchanges and international exchanges—has reached 3-5%. This phenomenon signifies an increase in demand from South Korean investors, and political turmoil may also exacerbate market uncertainty. Recently, a brief martial law order from the South Korean president and other political events have affected market sentiment. South Korea remains one of the markets with significant cryptocurrency trading volumes, with most trading volume coming from retail investors.
Currently, the price of Bitcoin is around $93,938, having dropped 2.5% in the past 24 hours. The recent support level is at $92,000, which has resisted further downward pressure on the price.
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Bitcoin is facing short-term volatility recently. The reserves at spot exchanges have seen a significant increase, with about 20,000 BTC flowing into the market, indicating that more Bitcoin is being deposited into exchanges, which usually means an increase in trading or selling intentions. Over the past two weeks, the price of Bitcoin has dropped nearly 7%, which may be an early signal of short-term volatility.
Additionally, the net inflow across all exchanges has turned positive, with a net increase of 15,800 BTC, marking that inflows have exceeded outflows. This shift, combined with the increase in reserves, further enhances the possibility of increased trading activity or investors potentially preparing for profit-taking.
While the overall market trend supports accumulation and self-custody, the recent changes may reflect cautious sentiment among investors, suggesting they may be preparing for profit-taking or getting ready for potential price adjustments.
Meanwhile, a report from Bloomberg indicates that South Korea's 'Kimchi Premium'—the price difference of Bitcoin between South Korean exchanges and international exchanges—has reached 3-5%. This phenomenon signifies an increase in demand from South Korean investors, and political turmoil may also exacerbate market uncertainty. Recently, a brief martial law order from the South Korean president and other political events have affected market sentiment. South Korea remains one of the markets with significant cryptocurrency trading volumes, with most trading volume coming from retail investors.
Currently, the price of Bitcoin is around $93,938, having dropped 2.5% in the past 24 hours. The recent support level is at $92,000, which has resisted further downward pressure on the price.
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According to the analysis of anonymous trader Inmortal, Bitcoin's cyclical pattern shows that it usually takes about 1,064 days to rise from the cycle low to the peak, and the interval between the cycle top and the next cycle top is an average of 1,400 days. Based on this pattern, Inmortal predicts that Bitcoin will reach its peak between September and October 2025. The analyst believes that in November 2022, when Bitcoin falls to about $15,500, it may be the bottom of this cycle.
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As for Ethereum (ETH), Inmortal believes that the price area around $3,000 may have established solid support, so it is unlikely to fall below this price range. Ethereum may consolidate between $3,000 and $3,500. Analysts say that $3,000 has transformed from a resistance level in the past to a stable support range.
These predictions mean that while there may be volatility in the short term, in the long term, Bitcoin and Ethereum could see a key market breakthrough in 2025.
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As for Ethereum (ETH), Inmortal believes that the price area around $3,000 may have established solid support, so it is unlikely to fall below this price range. Ethereum may consolidate between $3,000 and $3,500. Analysts say that $3,000 has transformed from a resistance level in the past to a stable support range.
These predictions mean that while there may be volatility in the short term, in the long term, Bitcoin and Ethereum could see a key market breakthrough in 2025.
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According to DOGE's bull market fractal chart, the "conservative target" for Dogecoin is $2.35.
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This target is based on Dogecoin's historical performance during bull markets, particularly its gains compared to Bitcoin and Ethereum. By December 2024, DOGE seems to have bottomed out, gradually recovering after a 25%-30% drop in price. On December 20, Dogecoin briefly fell to $0.262 but rebounded to over $0.30 on the same day. Nevertheless, the price remains below the 50-day moving average level, indicating continued pressure in the short term.
According to technical analysis, Dogecoin is currently testing the key support zone of $0.30-$0.32. If this area successfully holds, DOGE may rebound and break through $0.35, laying the groundwork for a rise in 2025. The RSI indicator shows that the selling pressure on DOGE is nearing exhaustion, and market sentiment is expected to improve, further driving price increases.
In this context, Dogecoin's long-term target range is between $2.35 and $2.60, which could represent an increase of nearly 683% compared to the current price. Despite some uncertainty in the short term, based on historical trends and current technical patterns, Dogecoin may experience a rebound in the future and eventually break through its previous highs.
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This target is based on Dogecoin's historical performance during bull markets, particularly its gains compared to Bitcoin and Ethereum. By December 2024, DOGE seems to have bottomed out, gradually recovering after a 25%-30% drop in price. On December 20, Dogecoin briefly fell to $0.262 but rebounded to over $0.30 on the same day. Nevertheless, the price remains below the 50-day moving average level, indicating continued pressure in the short term.
According to technical analysis, Dogecoin is currently testing the key support zone of $0.30-$0.32. If this area successfully holds, DOGE may rebound and break through $0.35, laying the groundwork for a rise in 2025. The RSI indicator shows that the selling pressure on DOGE is nearing exhaustion, and market sentiment is expected to improve, further driving price increases.
In this context, Dogecoin's long-term target range is between $2.35 and $2.60, which could represent an increase of nearly 683% compared to the current price. Despite some uncertainty in the short term, based on historical trends and current technical patterns, Dogecoin may experience a rebound in the future and eventually break through its previous highs.
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The target price for Dogecoin is expected to be between $2.35 and $2.60.
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An anonymous cryptocurrency investor and CEO told his 536,000 followers on platform X that Dogecoin is expected to see a significant rise by 2025. By analyzing the weekly chart, the investor demonstrated the previous resistance and support levels during the last bull market, pointing out that the same pattern is reappearing in 2024, indicating that Dogecoin is in the final stages of a breakout rebound.
Technical analyst Chandler Bing also confirmed this view, stating that the long-term price range for the memecoin is between $2.35 and $2.60, representing an increase of about 683% from the current price. Although this target may seem somewhat distant, he considers it a "conservative goal" and emphasizes that it is set based on Dogecoin's performance relative to Bitcoin and Ethereum in previous bull markets.
Cryptocurrency trader Javon Marks has set a similar target price of about $2.30, based on his Fibonacci extension levels.
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An anonymous cryptocurrency investor and CEO told his 536,000 followers on platform X that Dogecoin is expected to see a significant rise by 2025. By analyzing the weekly chart, the investor demonstrated the previous resistance and support levels during the last bull market, pointing out that the same pattern is reappearing in 2024, indicating that Dogecoin is in the final stages of a breakout rebound.
Technical analyst Chandler Bing also confirmed this view, stating that the long-term price range for the memecoin is between $2.35 and $2.60, representing an increase of about 683% from the current price. Although this target may seem somewhat distant, he considers it a "conservative goal" and emphasizes that it is set based on Dogecoin's performance relative to Bitcoin and Ethereum in previous bull markets.
Cryptocurrency trader Javon Marks has set a similar target price of about $2.30, based on his Fibonacci extension levels.
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According to the DOGE bull market fractal chart, the "conservative target" for Dogecoin price starts at $2.35
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Based on the fractal analysis of DOGE's bull market, the "conservative target" for Dogecoin is $2.35. Analysis indicates that the DOGE price will break through the key resistance at $0.35 and may set a new historical high above $2.35. Since breaking $0.35 in early November, the price trend of Dogecoin has slowed down. Although the daily chart still shows an upward trend, on December 19, DOGE lost the support of the 50-day EMA and has not recovered above that indicator.
Despite these short-term uncertainties, one analyst pointed out that considering past bull market performances, Dogecoin's long-term target remains quite optimistic for 2025.
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Based on the fractal analysis of DOGE's bull market, the "conservative target" for Dogecoin is $2.35. Analysis indicates that the DOGE price will break through the key resistance at $0.35 and may set a new historical high above $2.35. Since breaking $0.35 in early November, the price trend of Dogecoin has slowed down. Although the daily chart still shows an upward trend, on December 19, DOGE lost the support of the 50-day EMA and has not recovered above that indicator.
Despite these short-term uncertainties, one analyst pointed out that considering past bull market performances, Dogecoin's long-term target remains quite optimistic for 2025.
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Solana and Ethereum Merge
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Solana (SOL)
Recently, Solana (SOL) has experienced significant price fluctuations. Over the past six months, SOL has risen by 34.5%, but it has decreased by 20.6% in the past month. Particularly in the past week, SOL fell by 3.97%. Currently, the trading price of SOL is between $177.72 and $201.47.
SOL is currently below its 10-day and 100-day simple moving averages, which are $189.09 and $190.79, respectively. The Relative Strength Index (RSI) is at 33.48, and the Stochastic Oscillator is at 16.54, indicating that the asset is approaching the oversold area. The MACD level is -2.081, suggesting that bearish momentum may continue.
The recent support level for SOL is $141.08. If the price breaks below this support line, it may further decline to $87.33. If it breaks through the current resistance level of $248.58, it may push the price closer to the second resistance level of $302.
Ethereum (ETH)
In the past week, the price of Ethereum (ETH) has fallen by 2.42%, with the current trading range between $3232.83 and $3542.12. Over the past month, ETH has decreased by 6.61%, and in the past six months, ETH has dropped by 1.57%.
Technical indicators suggest that the price of ETH may soon change. The Relative Strength Index (RSI) is at 26.14, indicating that the asset has entered an oversold state. The Stochastic Oscillator is at 12.83, further validating signs of being oversold. The MACD level is -33.83, which may hint at an impending trend reversal. The current 10-day and 100-day simple moving averages are $3355.12 and $3400.11, respectively, indicating that the market may be entering a consolidation phase.
If ETH breaks through the current resistance level of $4504, it may then target the second resistance level of $5515, suggesting a potential upside of 15% to 40% from the current level. Conversely, if it breaks below the support level of $2483.85, the next support level will be around $1473.56.
Kaspa (KAS)
Recently, the price of Kaspa (KAS) has significantly declined, dropping about 6.7% in the past week. In terms of monthly performance, KAS has decreased by 23.9%, and over the past six months, the price has cumulatively fallen by 36.5%. Currently, KAS is trading between $0.10 and $0.13.
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Solana (SOL)
Recently, Solana (SOL) has experienced significant price fluctuations. Over the past six months, SOL has risen by 34.5%, but it has decreased by 20.6% in the past month. Particularly in the past week, SOL fell by 3.97%. Currently, the trading price of SOL is between $177.72 and $201.47.
SOL is currently below its 10-day and 100-day simple moving averages, which are $189.09 and $190.79, respectively. The Relative Strength Index (RSI) is at 33.48, and the Stochastic Oscillator is at 16.54, indicating that the asset is approaching the oversold area. The MACD level is -2.081, suggesting that bearish momentum may continue.
The recent support level for SOL is $141.08. If the price breaks below this support line, it may further decline to $87.33. If it breaks through the current resistance level of $248.58, it may push the price closer to the second resistance level of $302.
Ethereum (ETH)
In the past week, the price of Ethereum (ETH) has fallen by 2.42%, with the current trading range between $3232.83 and $3542.12. Over the past month, ETH has decreased by 6.61%, and in the past six months, ETH has dropped by 1.57%.
Technical indicators suggest that the price of ETH may soon change. The Relative Strength Index (RSI) is at 26.14, indicating that the asset has entered an oversold state. The Stochastic Oscillator is at 12.83, further validating signs of being oversold. The MACD level is -33.83, which may hint at an impending trend reversal. The current 10-day and 100-day simple moving averages are $3355.12 and $3400.11, respectively, indicating that the market may be entering a consolidation phase.
If ETH breaks through the current resistance level of $4504, it may then target the second resistance level of $5515, suggesting a potential upside of 15% to 40% from the current level. Conversely, if it breaks below the support level of $2483.85, the next support level will be around $1473.56.
Kaspa (KAS)
Recently, the price of Kaspa (KAS) has significantly declined, dropping about 6.7% in the past week. In terms of monthly performance, KAS has decreased by 23.9%, and over the past six months, the price has cumulatively fallen by 36.5%. Currently, KAS is trading between $0.10 and $0.13.
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The Stability of Solana and Ethereum and the Rise of XYZVerse
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In the cryptocurrency market, the price fluctuations of Solana (SOL) and Ethereum (ETH) remain stable, but market attention is gradually shifting towards **Kaspa (KAS) and XYZVerse (XYZ)**, two potential stocks. Especially XYZVerse, as a brand new project, is expected to play an important role in the market shift in January.
The Rise of XYZVerse: Preparing for the January Market Shift
XYZVerse is gradually becoming the focus of the cryptocurrency field and is expected to achieve significant breakthroughs in the upcoming January. Unlike traditional meme coins, XYZVerse combines sports fan culture, meme coin concepts, and a strong ecosystem to create a highly attractive crypto asset. As the first meme coin focused on sports, XYZVerse not only attracts crypto enthusiasts but also successfully captures the attention of sports fans.
Unique Selling Points of XYZVerse
XYZVerse is not just a meme coin; it reshapes market narratives in innovative ways. It is the first ever all-sports-themed meme token, quickly attracting widespread attention from the community with its unique positioning. The project includes entertainment-centered dApps and a roadmap designed to promote community growth, indicating that XYZVerse will play a key role in the upcoming market shift.
Market Performance and Presale Phase of XYZVerse
Currently, XYZVerse is in the eighth phase of its presale, priced at $0.001333, providing an attractive entry opportunity for early investors. As the presale progresses, it is expected that by the end of the fifteenth phase, the price of XYZ will reach $0.1, indicating a potential increase of up to 7,402% from the initial price of $0.0001.
The Potential of Prediction Markets
Referencing the success of platforms like Polymarket, especially during the U.S. elections, the combination of prediction markets and cryptocurrencies has proven to have tremendous potential. XYZVerse combines sports culture, meme coin elements, and blockchain technology to provide users with a dynamic ecosystem with mass adoption potential. This innovative model injects strong growth momentum into XYZVerse.
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In the cryptocurrency market, the price fluctuations of Solana (SOL) and Ethereum (ETH) remain stable, but market attention is gradually shifting towards **Kaspa (KAS) and XYZVerse (XYZ)**, two potential stocks. Especially XYZVerse, as a brand new project, is expected to play an important role in the market shift in January.
The Rise of XYZVerse: Preparing for the January Market Shift
XYZVerse is gradually becoming the focus of the cryptocurrency field and is expected to achieve significant breakthroughs in the upcoming January. Unlike traditional meme coins, XYZVerse combines sports fan culture, meme coin concepts, and a strong ecosystem to create a highly attractive crypto asset. As the first meme coin focused on sports, XYZVerse not only attracts crypto enthusiasts but also successfully captures the attention of sports fans.
Unique Selling Points of XYZVerse
XYZVerse is not just a meme coin; it reshapes market narratives in innovative ways. It is the first ever all-sports-themed meme token, quickly attracting widespread attention from the community with its unique positioning. The project includes entertainment-centered dApps and a roadmap designed to promote community growth, indicating that XYZVerse will play a key role in the upcoming market shift.
Market Performance and Presale Phase of XYZVerse
Currently, XYZVerse is in the eighth phase of its presale, priced at $0.001333, providing an attractive entry opportunity for early investors. As the presale progresses, it is expected that by the end of the fifteenth phase, the price of XYZ will reach $0.1, indicating a potential increase of up to 7,402% from the initial price of $0.0001.
The Potential of Prediction Markets
Referencing the success of platforms like Polymarket, especially during the U.S. elections, the combination of prediction markets and cryptocurrencies has proven to have tremendous potential. XYZVerse combines sports culture, meme coin elements, and blockchain technology to provide users with a dynamic ecosystem with mass adoption potential. This innovative model injects strong growth momentum into XYZVerse.
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December 28 PEPE Price Prediction: Is a Rebound Coming?
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Recent Developments of PEPE: Whales Purchase 1.42 Trillion Meme Coins, Potential Breakthrough Ahead
Amid ongoing market uncertainty, the world's third-largest crypto meme coin PEPE is drawing significant attention from whales and traders. Despite major assets like Bitcoin, Ethereum, Solana, and PEPE facing challenges, PEPE's market activity has shown some interesting trends.
PEPE Whales Purchased 1.42 Trillion Meme Coins
According to reports from on-chain analytics firm Coinglass and whale tracking organization Lookonchain, despite market volatility, PEPE's whales and traders have shown strong interest and confidence. Recently, Lookonchain released data on X (formerly Twitter) indicating that a cryptocurrency giant sold all their PEPE assets at the market peak, realizing a profit of $11.7 million. However, during the market downturn, this investor repurchased $24.5 million worth of 1.42 trillion PEPE. This buying activity occurred within six days, indicating a typical 'buy the dip' opportunity.
Outflow Data Shows Confidence of Long-term Holders
In addition to the whale's repurchase activity, PEPE's spot inflow/outflow data shows that exchanges witnessed an outflow of PEPE worth $40.86 million. This suggests that long-term holders are withdrawing tokens from exchanges, which is typically a bullish signal indicating that the market may experience upward momentum and increased buying pressure.
PEPE Technical Analysis: A Breakthrough Could Lead to an Upsurge
According to technical analysis, PEPE's price has been consolidating between $0.0000167 and $0.0000195 over the past ten days. Analysts believe that once this consolidation range is broken, PEPE's price could see a significant increase.
PEPE Price Prediction
If PEPE can break through the consolidation range and stabilize above $0.000020 with a daily closing price, the future price could soar by 40%, reaching the key level of $0.0000278.
However, if the daily closing price fails to stay above $0.000020, PEPE may struggle to maintain upward momentum and could continue to oscillate within a narrow range.
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Recent Developments of PEPE: Whales Purchase 1.42 Trillion Meme Coins, Potential Breakthrough Ahead
Amid ongoing market uncertainty, the world's third-largest crypto meme coin PEPE is drawing significant attention from whales and traders. Despite major assets like Bitcoin, Ethereum, Solana, and PEPE facing challenges, PEPE's market activity has shown some interesting trends.
PEPE Whales Purchased 1.42 Trillion Meme Coins
According to reports from on-chain analytics firm Coinglass and whale tracking organization Lookonchain, despite market volatility, PEPE's whales and traders have shown strong interest and confidence. Recently, Lookonchain released data on X (formerly Twitter) indicating that a cryptocurrency giant sold all their PEPE assets at the market peak, realizing a profit of $11.7 million. However, during the market downturn, this investor repurchased $24.5 million worth of 1.42 trillion PEPE. This buying activity occurred within six days, indicating a typical 'buy the dip' opportunity.
Outflow Data Shows Confidence of Long-term Holders
In addition to the whale's repurchase activity, PEPE's spot inflow/outflow data shows that exchanges witnessed an outflow of PEPE worth $40.86 million. This suggests that long-term holders are withdrawing tokens from exchanges, which is typically a bullish signal indicating that the market may experience upward momentum and increased buying pressure.
PEPE Technical Analysis: A Breakthrough Could Lead to an Upsurge
According to technical analysis, PEPE's price has been consolidating between $0.0000167 and $0.0000195 over the past ten days. Analysts believe that once this consolidation range is broken, PEPE's price could see a significant increase.
PEPE Price Prediction
If PEPE can break through the consolidation range and stabilize above $0.000020 with a daily closing price, the future price could soar by 40%, reaching the key level of $0.0000278.
However, if the daily closing price fails to stay above $0.000020, PEPE may struggle to maintain upward momentum and could continue to oscillate within a narrow range.
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Bitcoin price retests support line after falling below $95,000: next target in sight
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Recently, Bitcoin's price has struggled to break through the previous high of $100,000, with overall market sentiment leaning bearish. Currently, Bitcoin is retesting the support line of the ascending channel after dropping below $95,000. A cryptocurrency analyst predicts that if Bitcoin can hold this key support level, it may rebound and surge to the next bullish target, aligning with the upper resistance line of the channel.
Bitcoin retests support line; new target in sight
In a chart displaying Bitcoin's price movements, cryptocurrency analyst Tardigrade (who previously posted analyses on X, formerly Twitter) noted that Bitcoin temporarily fell below the lower support line of the channel. Tardigrade referred to this drop as a "false breakout," emphasizing that despite the decline, the structure of the ascending channel remains intact. He pointed out that the red circle in the chart indicates that Bitcoin's drop does not signify a continuation of the downward trend, but rather a brief adjustment. In fact, Bitcoin quickly rebounded after breaking the support line and returned to the ascending channel.
Bullish potential behind the false breakout
Despite encountering significant bearish pressure in the short term and briefly dropping below $95,000, Tardigrade believes that this breakout point is merely a false breakout. As market volatility increases, Bitcoin is currently retesting the support line of the channel and may potentially break through this support line, triggering a price reversal upward.
Next price target: $110,000 to $112,000
Analyst Tardigrade predicts that if Bitcoin can successfully hold the current support line and continue to rise, it will aim to challenge the upper resistance line of the ascending channel. Based on the analysis of the price chart, this upper resistance line points to a range of $110,000 to $112,000. If Bitcoin successfully breaks this resistance line, it may indicate that the bullish trend within the ascending channel will continue. Furthermore, breaking this key resistance level could further validate the bullish momentum in the market, laying the foundation for Bitcoin's price to continue rising and potentially retest its historical highs.
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Recently, Bitcoin's price has struggled to break through the previous high of $100,000, with overall market sentiment leaning bearish. Currently, Bitcoin is retesting the support line of the ascending channel after dropping below $95,000. A cryptocurrency analyst predicts that if Bitcoin can hold this key support level, it may rebound and surge to the next bullish target, aligning with the upper resistance line of the channel.
Bitcoin retests support line; new target in sight
In a chart displaying Bitcoin's price movements, cryptocurrency analyst Tardigrade (who previously posted analyses on X, formerly Twitter) noted that Bitcoin temporarily fell below the lower support line of the channel. Tardigrade referred to this drop as a "false breakout," emphasizing that despite the decline, the structure of the ascending channel remains intact. He pointed out that the red circle in the chart indicates that Bitcoin's drop does not signify a continuation of the downward trend, but rather a brief adjustment. In fact, Bitcoin quickly rebounded after breaking the support line and returned to the ascending channel.
Bullish potential behind the false breakout
Despite encountering significant bearish pressure in the short term and briefly dropping below $95,000, Tardigrade believes that this breakout point is merely a false breakout. As market volatility increases, Bitcoin is currently retesting the support line of the channel and may potentially break through this support line, triggering a price reversal upward.
Next price target: $110,000 to $112,000
Analyst Tardigrade predicts that if Bitcoin can successfully hold the current support line and continue to rise, it will aim to challenge the upper resistance line of the ascending channel. Based on the analysis of the price chart, this upper resistance line points to a range of $110,000 to $112,000. If Bitcoin successfully breaks this resistance line, it may indicate that the bullish trend within the ascending channel will continue. Furthermore, breaking this key resistance level could further validate the bullish momentum in the market, laying the foundation for Bitcoin's price to continue rising and potentially retest its historical highs.
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Today's Cryptocurrency Market: BTC, ETH, XRP, and SOL Prices Decline
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Today's cryptocurrency market is overall sluggish, with significant declines in Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), reflecting a trend of market weakness. The slowdown effect of the holiday season continues to impact trading volume and prices.
Bitcoin Market
The current trading price of Bitcoin (BTC) is $94,327, down about 2% in the past 24 hours. During this period, the lowest price of Bitcoin was $93,440, and the highest price was $97,429. Notable investor Robert Kiyosaki predicts that Bitcoin will reach $350,000 by 2025 and advises investors to prioritize self-custody over investing through institutional ETFs.
According to statistics from SoSo Value, BTC ETFs experienced an outflow of $367 million on Friday, with Fidelity accounting for $208 million, Ark & 21Shares reporting an outflow of $112 million, and BlackRock's data yet to be released.
Ethereum Market
The current price of Ethereum (ETH) is $3,329, down about 1%. Its 24-hour lowest price was $3,307, and the highest price was $3,441. Ethereum ETFs saw an inflow of $27 million yesterday, with Fidelity Investments purchasing an equal amount of Ethereum. This change highlights the growing institutional interest in Ethereum.
XRP Market
As of now, the price of XRP is $2.144, down about 2%. Its 24-hour lowest and highest prices were $2.126 and $2.234, respectively. XRP supporter attorney John Deaton criticized the recent cryptocurrency tax report rules released by the Biden administration.
Solana Market
The current price of Solana (SOL) is $184, down 2%. Its 24-hour lowest price was $183, and the highest price was $194. Coingape analysts reported the reasons behind the sharp decline in Solana's price.
Meme Cryptocurrency Market
Today's meme cryptocurrency market follows the trend of top altcoins. Dogecoin (DOGE) is down 1%, trading at $0.3142, while Shiba Inu (SHIB) has only fallen 0.5% in the past 24 hours. However, BONK rose by 4%, with the “BURNmas” event leading to over 1 trillion coins being burned.
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Today's cryptocurrency market is overall sluggish, with significant declines in Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), reflecting a trend of market weakness. The slowdown effect of the holiday season continues to impact trading volume and prices.
Bitcoin Market
The current trading price of Bitcoin (BTC) is $94,327, down about 2% in the past 24 hours. During this period, the lowest price of Bitcoin was $93,440, and the highest price was $97,429. Notable investor Robert Kiyosaki predicts that Bitcoin will reach $350,000 by 2025 and advises investors to prioritize self-custody over investing through institutional ETFs.
According to statistics from SoSo Value, BTC ETFs experienced an outflow of $367 million on Friday, with Fidelity accounting for $208 million, Ark & 21Shares reporting an outflow of $112 million, and BlackRock's data yet to be released.
Ethereum Market
The current price of Ethereum (ETH) is $3,329, down about 1%. Its 24-hour lowest price was $3,307, and the highest price was $3,441. Ethereum ETFs saw an inflow of $27 million yesterday, with Fidelity Investments purchasing an equal amount of Ethereum. This change highlights the growing institutional interest in Ethereum.
XRP Market
As of now, the price of XRP is $2.144, down about 2%. Its 24-hour lowest and highest prices were $2.126 and $2.234, respectively. XRP supporter attorney John Deaton criticized the recent cryptocurrency tax report rules released by the Biden administration.
Solana Market
The current price of Solana (SOL) is $184, down 2%. Its 24-hour lowest price was $183, and the highest price was $194. Coingape analysts reported the reasons behind the sharp decline in Solana's price.
Meme Cryptocurrency Market
Today's meme cryptocurrency market follows the trend of top altcoins. Dogecoin (DOGE) is down 1%, trading at $0.3142, while Shiba Inu (SHIB) has only fallen 0.5% in the past 24 hours. However, BONK rose by 4%, with the “BURNmas” event leading to over 1 trillion coins being burned.
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December 28 Cryptocurrency Market: Bitcoin and ETH Decline, Altcoins Show Mixed Results
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Today’s cryptocurrency market shows a general decline in Bitcoin (BTC), Ethereum (ETH), and top altcoins. BONK coin and Bitget token have exhibited significant volatility, and with the holidays approaching, the cryptocurrency market is experiencing a period of calm.
Both Bitcoin and Ethereum have seen declines. Bitcoin has fallen below $95,000, currently trading in the range of $94,000 to $108,000, and has not broken the $94K range for over a month. Ethereum has dropped back to around $3,300. Top altcoins are showing a bearish trend, with most tokens down 1% to 5% in the past 24 hours.
The overall market capitalization has decreased by about 2%, currently at $3.28 trillion. During the holiday period, many investors are on vacation, and market trading volume has significantly dropped by 34%. Market activity is expected to rebound after the first week of January, at which point trading volume is likely to return to normal levels. Currently, the Fear and Greed Index is at 51, indicating that market sentiment is neutral.
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Today’s cryptocurrency market shows a general decline in Bitcoin (BTC), Ethereum (ETH), and top altcoins. BONK coin and Bitget token have exhibited significant volatility, and with the holidays approaching, the cryptocurrency market is experiencing a period of calm.
Both Bitcoin and Ethereum have seen declines. Bitcoin has fallen below $95,000, currently trading in the range of $94,000 to $108,000, and has not broken the $94K range for over a month. Ethereum has dropped back to around $3,300. Top altcoins are showing a bearish trend, with most tokens down 1% to 5% in the past 24 hours.
The overall market capitalization has decreased by about 2%, currently at $3.28 trillion. During the holiday period, many investors are on vacation, and market trading volume has significantly dropped by 34%. Market activity is expected to rebound after the first week of January, at which point trading volume is likely to return to normal levels. Currently, the Fear and Greed Index is at 51, indicating that market sentiment is neutral.
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