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Monero(#XMR ) price analysis
Monero has been attempting to start a recovery for the past few days but is facing stiff resistance at $203.
The 20-day EMA ($193) is flattish, and the RSI is near the midpoint, indicating a balance between buyers and sellers. If the price stays above the 20-day EMA, the prospects of a break above $203 increase. The XMR/USDT pair may rally to $216 and then to $234.
If the price breaks and stays below the 20-day EMA, it will suggest that the pair may spend some more time inside the $180 to $203 range. The bears will be in the driver’s seat if they sink the price below $180.
The pair has formed a bullish ascending triangle pattern on the 4-hour chart, which will complete on a break and close above $203. If that happens, the pair could rally toward its pattern target of $228.
Instead, if the price breaks below the support line, it will invalidate the bullish setup. The failure of a bullish setup is a bearish sign as it traps several aggressive bulls. That could start a downward move to $180.
Monero has been attempting to start a recovery for the past few days but is facing stiff resistance at $203.
The 20-day EMA ($193) is flattish, and the RSI is near the midpoint, indicating a balance between buyers and sellers. If the price stays above the 20-day EMA, the prospects of a break above $203 increase. The XMR/USDT pair may rally to $216 and then to $234.
If the price breaks and stays below the 20-day EMA, it will suggest that the pair may spend some more time inside the $180 to $203 range. The bears will be in the driver’s seat if they sink the price below $180.
The pair has formed a bullish ascending triangle pattern on the 4-hour chart, which will complete on a break and close above $203. If that happens, the pair could rally toward its pattern target of $228.
Instead, if the price breaks below the support line, it will invalidate the bullish setup. The failure of a bullish setup is a bearish sign as it traps several aggressive bulls. That could start a downward move to $180.
#AAVE Token price analysis
Aave is witnessing a tough battle between the bulls and the bears near the 20-day EMA ($329).
The upsloping 20-day EMA indicates that bulls have an edge, but the RSI near the midpoint suggests that the momentum is slowing. If the price plunges below the 20-day EMA, the AAVE/USDT pair could drop to $261.
If buyers want to retain the advantage, they will have to swiftly drive the price above $362. If they manage to do that, the pair could retest the overhead resistance at $400. Sellers are expected to mount a strong defense at $400, but if the bulls prevail, the pair may start the next leg of the uptrend toward $450.
The pair has formed a symmetrical triangle on the 4-hour chart, which usually acts as a continuation pattern. The flattish moving averages and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears.
If the price rises and stays above the moving averages, the pair may rise to the resistance line. A break and close above the triangle would increase the likelihood of the resumption of the uptrend.
Alternatively, the pair may drop to the support line if the price stays below the moving averages.
Aave is witnessing a tough battle between the bulls and the bears near the 20-day EMA ($329).
The upsloping 20-day EMA indicates that bulls have an edge, but the RSI near the midpoint suggests that the momentum is slowing. If the price plunges below the 20-day EMA, the AAVE/USDT pair could drop to $261.
If buyers want to retain the advantage, they will have to swiftly drive the price above $362. If they manage to do that, the pair could retest the overhead resistance at $400. Sellers are expected to mount a strong defense at $400, but if the bulls prevail, the pair may start the next leg of the uptrend toward $450.
The pair has formed a symmetrical triangle on the 4-hour chart, which usually acts as a continuation pattern. The flattish moving averages and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears.
If the price rises and stays above the moving averages, the pair may rise to the resistance line. A break and close above the triangle would increase the likelihood of the resumption of the uptrend.
Alternatively, the pair may drop to the support line if the price stays below the moving averages.
#BNB price analysis
BNB has been oscillating between $635 and $722 for the past few days, indicating a balance between supply and demand.
The bears are defending the $722 level, but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($694). This suggests that the bulls have kept up the pressure and are trying to overcome the barrier at $722. If they succeed, the BNB/USDT pair could pick up momentum and rise to $760 and later to $794.
Contrary to this assumption, if the price turns down sharply and breaks below the moving averages, it will signal that the range-bound action may continue for a few more days. The bears will gain the upper hand on a break below the uptrend line.
The 4-hour chart shows that the bears are defending the $740 level. If the price rebounds off the 20-EMA, the bulls will make one more attempt to push the pair above $740. If they succeed, the pair could rise to $761 and later to $794.
On the contrary, a break and close below the 20-EMA will suggest that the bulls have given up. The bears will gain the upper hand on a break and close below $680. That could sink the pair to $635.
BNB has been oscillating between $635 and $722 for the past few days, indicating a balance between supply and demand.
The bears are defending the $722 level, but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($694). This suggests that the bulls have kept up the pressure and are trying to overcome the barrier at $722. If they succeed, the BNB/USDT pair could pick up momentum and rise to $760 and later to $794.
Contrary to this assumption, if the price turns down sharply and breaks below the moving averages, it will signal that the range-bound action may continue for a few more days. The bears will gain the upper hand on a break below the uptrend line.
The 4-hour chart shows that the bears are defending the $740 level. If the price rebounds off the 20-EMA, the bulls will make one more attempt to push the pair above $740. If they succeed, the pair could rise to $761 and later to $794.
On the contrary, a break and close below the 20-EMA will suggest that the bulls have given up. The bears will gain the upper hand on a break and close below $680. That could sink the pair to $635.
#DOGE gets pressured.
Dogecoin's position between two crucial price points illustrates the continuous ambiguity in its market trajectory. A bearish crossing of the 50 EMA and 26 EMA, a significant technical event that frequently indicates an aggravation of the downtrend, is seen in recent chart patterns. Concerns have been raised about DOGE's capacity to maintain its current price range in light of this development.
The market momentum is in favor of sellers as indicated by the bearish EMA crossover. If buyers don't act quickly, this signal indicates that DOGE may experience more selling pressure in the near future. The asset still has a chance to recover though if the market sentiment changes in a positive way, so there is still some hope. DOGE needs buying support to come back into the market in order to get out of its precarious situation.
The bearish signal could be disproved and a more positive trend could be established if a rebound in demand drives the price above the crossed EMAs. Whether DOGE can stabilize and start to buck the current trend will depend on the immediate support level at $0.28, which is the 50 EMA.
The $0.35 level is a challenge for DOGE on the resistance side. A break through this barrier would suggest a substantial change in the mood of the market, which might lead to a resurgence of interest and an increase in price. Until this occurs, DOGE is in a precarious position and could experience more declines if the market does not experience more buying pressure.
Dogecoin's position between two crucial price points illustrates the continuous ambiguity in its market trajectory. A bearish crossing of the 50 EMA and 26 EMA, a significant technical event that frequently indicates an aggravation of the downtrend, is seen in recent chart patterns. Concerns have been raised about DOGE's capacity to maintain its current price range in light of this development.
The market momentum is in favor of sellers as indicated by the bearish EMA crossover. If buyers don't act quickly, this signal indicates that DOGE may experience more selling pressure in the near future. The asset still has a chance to recover though if the market sentiment changes in a positive way, so there is still some hope. DOGE needs buying support to come back into the market in order to get out of its precarious situation.
The bearish signal could be disproved and a more positive trend could be established if a rebound in demand drives the price above the crossed EMAs. Whether DOGE can stabilize and start to buck the current trend will depend on the immediate support level at $0.28, which is the 50 EMA.
The $0.35 level is a challenge for DOGE on the resistance side. A break through this barrier would suggest a substantial change in the mood of the market, which might lead to a resurgence of interest and an increase in price. Until this occurs, DOGE is in a precarious position and could experience more declines if the market does not experience more buying pressure.
#XRP stays put.
With XRP continuing to hold above the crucial 26 EMA support level, the market is showing unexpected resilience. This level, which serves as a buffer against possible downside pressure, is crucial for the price performance of XRP. Although the asset's recent movements indicate stability, it is about to enter a critical phase that needs careful monitoring. Right now, the 26 EMA support is crucial in keeping XRP from entering a bearish trend.
Notwithstanding the general unpredictability in the cryptocurrency market, this stability shows that market players still find value in the asset. The lack of strong bullish momentum, however, raises concerns because it shows that investors are hesitant to raise the price. The 50 EMA is the next significant turning point for XRP.
A strong basis for a possible reversal may be provided if the 50 EMA catches up to the current price level in the upcoming weeks. This convergence would improve XRP's standing by providing the technical backing required for a longer-term upward trend. XRP is still vulnerable though as any strong selling pressure could push the price lower until this alignment takes place.
During this time, traders and investors should exercise caution. Although it is encouraging that XRP has managed to stay above the 26 EMA, the asset remains vulnerable due to the absence of a larger market push or substantial volume. If the 26 EMA is broken, there may be more declines and a possible return to lower support levels.
As of right now, XRP is still consolidating, displaying strength but also leaving room for uncertainty. Whether the asset can establish a strong foundation for recovery or if it runs the risk of losing its current momentum will be decided in the upcoming weeks. Watch the 26 EMA and the impending 50 EMA as important predictors of XRP's next movement.
With XRP continuing to hold above the crucial 26 EMA support level, the market is showing unexpected resilience. This level, which serves as a buffer against possible downside pressure, is crucial for the price performance of XRP. Although the asset's recent movements indicate stability, it is about to enter a critical phase that needs careful monitoring. Right now, the 26 EMA support is crucial in keeping XRP from entering a bearish trend.
Notwithstanding the general unpredictability in the cryptocurrency market, this stability shows that market players still find value in the asset. The lack of strong bullish momentum, however, raises concerns because it shows that investors are hesitant to raise the price. The 50 EMA is the next significant turning point for XRP.
A strong basis for a possible reversal may be provided if the 50 EMA catches up to the current price level in the upcoming weeks. This convergence would improve XRP's standing by providing the technical backing required for a longer-term upward trend. XRP is still vulnerable though as any strong selling pressure could push the price lower until this alignment takes place.
During this time, traders and investors should exercise caution. Although it is encouraging that XRP has managed to stay above the 26 EMA, the asset remains vulnerable due to the absence of a larger market push or substantial volume. If the 26 EMA is broken, there may be more declines and a possible return to lower support levels.
As of right now, XRP is still consolidating, displaying strength but also leaving room for uncertainty. Whether the asset can establish a strong foundation for recovery or if it runs the risk of losing its current momentum will be decided in the upcoming weeks. Watch the 26 EMA and the impending 50 EMA as important predictors of XRP's next movement.
Toncoin price analysis #TON
Toncoin’s rebound is facing selling at the moving averages, indicating selling by the bears at higher levels.
The flattening 20-day EMA ($5.84) and the RSI just below the midpoint indicate a balance between supply and demand. This increases the possibility of a range-bound action in the near term.
If buyers drive the price above $6.10, the TON/USDT pair could rally to $6.50 and later to $7. Sellers are expected to mount a strong defense at $7. That could keep the price action stuck between $7 and $4.72 for some time.
Toncoin’s rebound is facing selling at the moving averages, indicating selling by the bears at higher levels.
The flattening 20-day EMA ($5.84) and the RSI just below the midpoint indicate a balance between supply and demand. This increases the possibility of a range-bound action in the near term.
If buyers drive the price above $6.10, the TON/USDT pair could rally to $6.50 and later to $7. Sellers are expected to mount a strong defense at $7. That could keep the price action stuck between $7 and $4.72 for some time.
Solana Defies Bearish December, DEX Trading Volume Surpasses $100B
Solana (#SOL ) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month.
With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December, including Binance Smart Chain (BSC) and Ethereum (ETH), which recorded $91.444 billion and $84.168 billion, respectively, according to DefiLlama data.
Solana’s success in December wasn’t limited to its DEXs, the blockchain also saw a significant surge in restaking activity.
Solana staking pool Jito generated over $100 million in revenue from priority fees and tips in both November and December, according to a Dec. 26 note from Kairos Research.
In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at about $210 million.
This upward trend not only reflects the surging popularity of the Solana network but also highlights the growing role of Maximum Extractable Value (MEV).
Validators are increasingly capitalizing on MEV strategies, prioritizing certain transactions over others to maximize their earnings.
Solana (#SOL ) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month.
With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December, including Binance Smart Chain (BSC) and Ethereum (ETH), which recorded $91.444 billion and $84.168 billion, respectively, according to DefiLlama data.
Solana’s success in December wasn’t limited to its DEXs, the blockchain also saw a significant surge in restaking activity.
Solana staking pool Jito generated over $100 million in revenue from priority fees and tips in both November and December, according to a Dec. 26 note from Kairos Research.
In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at about $210 million.
This upward trend not only reflects the surging popularity of the Solana network but also highlights the growing role of Maximum Extractable Value (MEV).
Validators are increasingly capitalizing on MEV strategies, prioritizing certain transactions over others to maximize their earnings.
US Government Unlikely to Buy #BTC in 2025, Says Galaxy Digital Research Head
The United States government is not expected to purchase Bitcoin in 2025, according to Galaxy Digital’s head of research, Alex Thorn.
In a report published on December 27, Thorn predicted that while discussions around a Bitcoin reserve policy may progress, the government will focus on managing its existing Bitcoin stockpile rather than acquiring more.
Thorn suggested that there might be “movement within departments and agencies to examine an expanded Bitcoin reserve policy.”
US Government Holds 183K BTC
As of now, the US government holds approximately 183,850 BTC, valued at $17.36 billion, according to blockchain analysis platform Spot on Chain.
This Bitcoin is spread across various known wallet addresses.
Wyoming Senator Cynthia Lummis has proposed the Bitcoin Act, which, if enacted, would significantly shift the government’s approach.
The act outlines a plan for the US Treasury to purchase 200,000 BTC annually over five years, building a reserve of one million Bitcoin to be held for at least 20 years.
Galaxy Digital analyst “JW” also weighed in, suggesting that up to five Nasdaq 100 companies and five nation-states could add Bitcoin to their balance sheets or sovereign wealth funds in the near future.
JW argued that increasing global competition might push nations, particularly those unaligned with or adversarial to the US, to adopt Bitcoin mining or accumulation strategies.
The United States government is not expected to purchase Bitcoin in 2025, according to Galaxy Digital’s head of research, Alex Thorn.
In a report published on December 27, Thorn predicted that while discussions around a Bitcoin reserve policy may progress, the government will focus on managing its existing Bitcoin stockpile rather than acquiring more.
Thorn suggested that there might be “movement within departments and agencies to examine an expanded Bitcoin reserve policy.”
US Government Holds 183K BTC
As of now, the US government holds approximately 183,850 BTC, valued at $17.36 billion, according to blockchain analysis platform Spot on Chain.
This Bitcoin is spread across various known wallet addresses.
Wyoming Senator Cynthia Lummis has proposed the Bitcoin Act, which, if enacted, would significantly shift the government’s approach.
The act outlines a plan for the US Treasury to purchase 200,000 BTC annually over five years, building a reserve of one million Bitcoin to be held for at least 20 years.
Galaxy Digital analyst “JW” also weighed in, suggesting that up to five Nasdaq 100 companies and five nation-states could add Bitcoin to their balance sheets or sovereign wealth funds in the near future.
JW argued that increasing global competition might push nations, particularly those unaligned with or adversarial to the US, to adopt Bitcoin mining or accumulation strategies.
Bitcoin price analysis #BTC
Bitcoin has slipped below the 50-day simple moving average ($95,406), signaling that the bears are trying to gain the upper hand.
If the price closes below the 50-day SMA, the BTC/USDT pair could plummet to the solid support at $90,000. Buyers are expected to vigorously defend the $90,000 level because if the support gives way, the pair may drop to $85,000 and subsequently to $73,777.
On the upside, the bulls will have to push and retain the price above the $100,000 level to seize control. The pair could then rally to the all-time high of $108,353, where the bears are expected to step in.
Bitcoin has slipped below the 50-day simple moving average ($95,406), signaling that the bears are trying to gain the upper hand.
If the price closes below the 50-day SMA, the BTC/USDT pair could plummet to the solid support at $90,000. Buyers are expected to vigorously defend the $90,000 level because if the support gives way, the pair may drop to $85,000 and subsequently to $73,777.
On the upside, the bulls will have to push and retain the price above the $100,000 level to seize control. The pair could then rally to the all-time high of $108,353, where the bears are expected to step in.
Solana price analysis #SOL
Solana turned down from the 20-day EMA ($203) on Dec. 25, indicating that the sentiment remains negative.
The SOL/USDT pair could fall to the uptrend line, which is an important level to watch out for. If the support cracks, it will signal that the bears remain in control. The pair may decline to $155, which may attract buyers.
This negative view will be invalidated in the near term if the price bounces off the uptrend line and breaks above the 20-day EMA. The pair may then attempt a rally to the 50-day SMA ($221).
Solana turned down from the 20-day EMA ($203) on Dec. 25, indicating that the sentiment remains negative.
The SOL/USDT pair could fall to the uptrend line, which is an important level to watch out for. If the support cracks, it will signal that the bears remain in control. The pair may decline to $155, which may attract buyers.
This negative view will be invalidated in the near term if the price bounces off the uptrend line and breaks above the 20-day EMA. The pair may then attempt a rally to the 50-day SMA ($221).
#BNB price analysis
BNB tried to break out of the $722 overhead resistance on Dec. 27, but the bears held their ground.
Repeated failure to rise above $722 increases the possibility of a break below the 20-day EMA ($689). If that happens, the BNB/USDT pair could slide to the 50-day SMA ($668) and later to the solid support at $635. This level is expected to attract buying by the bulls, which could keep the pair range-bound between $635 and $722 for a while.
If the price rebounds off the 20-day EMA, the bulls will again attempt to push the pair above $722. If they succeed, the pair may rise to $760 and thereafter to the solid resistance at $794.
BNB tried to break out of the $722 overhead resistance on Dec. 27, but the bears held their ground.
Repeated failure to rise above $722 increases the possibility of a break below the 20-day EMA ($689). If that happens, the BNB/USDT pair could slide to the 50-day SMA ($668) and later to the solid support at $635. This level is expected to attract buying by the bulls, which could keep the pair range-bound between $635 and $722 for a while.
If the price rebounds off the 20-day EMA, the bulls will again attempt to push the pair above $722. If they succeed, the pair may rise to $760 and thereafter to the solid resistance at $794.
Is a #DOGE bottom in?
On Dec. 20, Dogecoin witnessed a flash spike down to $0.262, but the crypto asset recovered above $0.30 within the same day. Since then, Dogecoin has maintained a daily close above $0.30, but the price remains under its 50-day EMA level.
Based on a historical outlook, a bottom could be in for Dogecoin because it has already exhibited a liquidity sweep of key levels at $0.32 and $0.34. Earlier this month, Cointelegraph reported a fractal formation from January 2024, where a bearish engulfing confirmation dragged prices down by 25-30%.
In December 2024, a similar situation unfolded with DOGE, where the crypto asset is establishing a bottom after its recent 25% drop.
With the relative strength index (RSI) bottoming below 30, selling pressure is also nearing exhaustion, and a reclaimed position above $0.35 will trigger a higher high for DOGE in 2025.
On Dec. 20, Dogecoin witnessed a flash spike down to $0.262, but the crypto asset recovered above $0.30 within the same day. Since then, Dogecoin has maintained a daily close above $0.30, but the price remains under its 50-day EMA level.
Based on a historical outlook, a bottom could be in for Dogecoin because it has already exhibited a liquidity sweep of key levels at $0.32 and $0.34. Earlier this month, Cointelegraph reported a fractal formation from January 2024, where a bearish engulfing confirmation dragged prices down by 25-30%.
In December 2024, a similar situation unfolded with DOGE, where the crypto asset is establishing a bottom after its recent 25% drop.
With the relative strength index (RSI) bottoming below 30, selling pressure is also nearing exhaustion, and a reclaimed position above $0.35 will trigger a higher high for DOGE in 2025.
#DOGE price ‘conservative target’ starts at $2.35 based on DOGE bull market fractal
Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35.
While the daily chart remains bullish, the crypto asset lost support from the 50-day EMA level on Dec. 19 and has not yet recovered a position above the indicator.
Despite these short-term concerns, one analyst highlighted that Dogecoin’s long-term target remained significantly high in 2025 if its previous bull run performance is considered.
Dogecoin target lies between $2.35 to $2.60
CEO, an anonymous crypto investor, told his 536,000 followers on X that Dogecoin is on track for a massive rally in 2025. With the help of a weekly chart, the investor illustrated a range high and range low sweep of previous weekly resistance and support that took place in the previous bull run.
The same pattern has been repeated over the course of 2024, and Dogecoin is in the final stages before a breakout rally.
Similarly, Chandler Bing, a technical analyst, said that the memecoin’s long-term price range is between $2.35 and $2.60, which is another 683% gain from its current price. While the target seemed far-fetched at the moment, the analyst called it a “conservative target.”
The analyst emphasized that the target has been set based on Dogecoin’s performance relative to Bitcoin and Ethereum in previous bull runs.
Javon Marks, a crypto trader, also set a similar price target at around $2.30, which is based on its Fibonacci extension levels.
Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35.
While the daily chart remains bullish, the crypto asset lost support from the 50-day EMA level on Dec. 19 and has not yet recovered a position above the indicator.
Despite these short-term concerns, one analyst highlighted that Dogecoin’s long-term target remained significantly high in 2025 if its previous bull run performance is considered.
Dogecoin target lies between $2.35 to $2.60
CEO, an anonymous crypto investor, told his 536,000 followers on X that Dogecoin is on track for a massive rally in 2025. With the help of a weekly chart, the investor illustrated a range high and range low sweep of previous weekly resistance and support that took place in the previous bull run.
The same pattern has been repeated over the course of 2024, and Dogecoin is in the final stages before a breakout rally.
Similarly, Chandler Bing, a technical analyst, said that the memecoin’s long-term price range is between $2.35 and $2.60, which is another 683% gain from its current price. While the target seemed far-fetched at the moment, the analyst called it a “conservative target.”
The analyst emphasized that the target has been set based on Dogecoin’s performance relative to Bitcoin and Ethereum in previous bull runs.
Javon Marks, a crypto trader, also set a similar price target at around $2.30, which is based on its Fibonacci extension levels.
#ETH wakes up.
Ethereum has formed a higher low which is a strong short-term bullish signal and is displaying encouraging signs of recovery. This change implies that the market may be preparing for a period of recovery which could reverse the recent downward trend. The lack of substantial trading volume further supports the waning selling pressure highlighted by the higher lows formation.
Lower volume may at first glance seem alarming but it also means that bearish momentum is waning. Bulls may be able to regain control in the upcoming weeks as a result particularly if January sees new capital entering the market. The 50 EMA, a crucial indicator of short-term market trends, is one of the critical support levels that ETH is currently holding above. The asset may soon test the $3,544 resistance level if it keeps moving higher.
Ethereum's reputation would probably be restored if it broke above this level opening the door for a test of the $3,800 range. But the general downward trend of the market is still a cause for concern. A full-fledged recovery of Ethereum is still hampered by broader market sentiment.
A rise in trading volume and increased buyer participation are necessary for ETH to keep up its upward trajectory. Ethereum may experience a turning point in January. Historically there has been a resurgence of interest in the cryptocurrency market at the beginning of the year. ETH might pave the way for a stronger recovery if it can maintain its current trajectory and stay above $3,000.
Ethereum has formed a higher low which is a strong short-term bullish signal and is displaying encouraging signs of recovery. This change implies that the market may be preparing for a period of recovery which could reverse the recent downward trend. The lack of substantial trading volume further supports the waning selling pressure highlighted by the higher lows formation.
Lower volume may at first glance seem alarming but it also means that bearish momentum is waning. Bulls may be able to regain control in the upcoming weeks as a result particularly if January sees new capital entering the market. The 50 EMA, a crucial indicator of short-term market trends, is one of the critical support levels that ETH is currently holding above. The asset may soon test the $3,544 resistance level if it keeps moving higher.
Ethereum's reputation would probably be restored if it broke above this level opening the door for a test of the $3,800 range. But the general downward trend of the market is still a cause for concern. A full-fledged recovery of Ethereum is still hampered by broader market sentiment.
A rise in trading volume and increased buyer participation are necessary for ETH to keep up its upward trajectory. Ethereum may experience a turning point in January. Historically there has been a resurgence of interest in the cryptocurrency market at the beginning of the year. ETH might pave the way for a stronger recovery if it can maintain its current trajectory and stay above $3,000.
#BitwiseBitcoinETF A Game-Changer for Crypto Investors 🚀
The approval of a Bitcoin ETF by Bitwise could mark a significant turning point for cryptocurrency adoption. 🌍💰 Here’s why this matters:
1️⃣ Accessibility: A Bitcoin ETF simplifies investing, making it easier for traditional investors to gain exposure to BTC without managing wallets or private keys.
2️⃣ Credibility: Approval signals institutional confidence and may attract more mainstream investors to the crypto space.
3️⃣ Diversification: For portfolio managers, adding Bitcoin via an ETF becomes a more straightforward and compliant option.
4️⃣ Market Growth: Broader adoption could bring increased liquidity and price stability to Bitcoin.
This could be the bridge between crypto enthusiasts and the traditional financial system. Are you ready for the future of Bitcoin? 🌟
The approval of a Bitcoin ETF by Bitwise could mark a significant turning point for cryptocurrency adoption. 🌍💰 Here’s why this matters:
1️⃣ Accessibility: A Bitcoin ETF simplifies investing, making it easier for traditional investors to gain exposure to BTC without managing wallets or private keys.
2️⃣ Credibility: Approval signals institutional confidence and may attract more mainstream investors to the crypto space.
3️⃣ Diversification: For portfolio managers, adding Bitcoin via an ETF becomes a more straightforward and compliant option.
4️⃣ Market Growth: Broader adoption could bring increased liquidity and price stability to Bitcoin.
This could be the bridge between crypto enthusiasts and the traditional financial system. Are you ready for the future of Bitcoin? 🌟
#XRP price warning signs emerge after 300% gains in two months.
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
XRP’s price has rallied by over 300% in the past two months and was trading at $2.10 on Dec. 27. Still, warning signs suggest that XRP/USD may erase at least 25% of those gains in the short term. XRP nears descending triangle breakdown
XRP’s recent losses come as its price trades within a descending triangle pattern, a bearish structure that typically signals further declines.
This pattern is defined by a series of lower highs forming the triangle’s descending trendline, while the $2.10 level acts as horizontal support. A decisive breakdown below the $2.10 support level could open the door to a deeper correction. The potential downside target for this breakdown is calculated by subtracting the triangle’s height from the breakdown point, per the rule of technical analysis.
Related: XRP price must reclaim $2.30 to absorb buy wall — Analyst
In other words, XRP’s price may decline to about $1.64 in January 2025, down about 25% from the current price levels.
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
XRP’s price has rallied by over 300% in the past two months and was trading at $2.10 on Dec. 27. Still, warning signs suggest that XRP/USD may erase at least 25% of those gains in the short term. XRP nears descending triangle breakdown
XRP’s recent losses come as its price trades within a descending triangle pattern, a bearish structure that typically signals further declines.
This pattern is defined by a series of lower highs forming the triangle’s descending trendline, while the $2.10 level acts as horizontal support. A decisive breakdown below the $2.10 support level could open the door to a deeper correction. The potential downside target for this breakdown is calculated by subtracting the triangle’s height from the breakdown point, per the rule of technical analysis.
Related: XRP price must reclaim $2.30 to absorb buy wall — Analyst
In other words, XRP’s price may decline to about $1.64 in January 2025, down about 25% from the current price levels.
#BTC #XRP #DOGE Bitcoin was set to fall for the second consecutive week as a rally induced by Donald Trump’s presidential election victory lost steam after the Fed meeting hindered.
The rally had pushed prices to an all-time high of $108,244.9 last week, after which prices fell due to profit-taking amid macroeconomic pressures induced by the Fed rate outlook.
The central bank lowered rates by 25 basis points but indicated only two rate cuts for the upcoming year, compared with previous expectations for four cuts.
This shift led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline. Other cryptocurrencies also fell tracing Bitcoin prices, and were set for weekly losses. Demand for speculative assets was still subdued after the hawkish Fed spurred liquidity concerns. World no.2 crypto Ether was 1.5% lower at $3,3379.39, after falling nearly 5% in the previous day.
World no.3 crypto XRP fell 2.8% to $2.2187 and was set to fall nearly 4% the week.
Solana fell 1.7% and Polygon lost 1%, while Cardano fell more than 8% to $0.8965. Among meme tokens, Dogecoin fell 2.6%.
The rally had pushed prices to an all-time high of $108,244.9 last week, after which prices fell due to profit-taking amid macroeconomic pressures induced by the Fed rate outlook.
The central bank lowered rates by 25 basis points but indicated only two rate cuts for the upcoming year, compared with previous expectations for four cuts.
This shift led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline. Other cryptocurrencies also fell tracing Bitcoin prices, and were set for weekly losses. Demand for speculative assets was still subdued after the hawkish Fed spurred liquidity concerns. World no.2 crypto Ether was 1.5% lower at $3,3379.39, after falling nearly 5% in the previous day.
World no.3 crypto XRP fell 2.8% to $2.2187 and was set to fall nearly 4% the week.
Solana fell 1.7% and Polygon lost 1%, while Cardano fell more than 8% to $0.8965. Among meme tokens, Dogecoin fell 2.6%.
#Crypto2025Trends Top Trends to Watch in Crypto by 2025 🚀 #Crypto2025Trends
The world of crypto is evolving at lightning speed. Here's what experts predict will dominate the blockchain and cryptocurrency space by 2025:
Mass Adoption of CBDCs 🏦
Governments worldwide are racing to launch their Central Bank Digital Currencies (CBDCs). Expect digital dollars, euros, and yuan to become mainstream payment methods.
DeFi 2.0 🌐
Decentralized Finance is set to evolve with new protocols offering greater security, scalability, and user-friendly interfaces, making DeFi accessible to everyone.
NFT Utility Expansion 🎨
Non-Fungible Tokens (NFTs) will go beyond art and collectibles to include real estate, identity management, and gaming economies.
AI Meets Blockchain 🤖
AI and blockchain integration will create smarter, automated contracts, personalized financial tools, and more efficient data verification systems.
Green Mining & Sustainability 🌍
With growing concerns over energy consumption, expect innovations in eco-friendly consensus mechanisms like Proof of Stake (PoS) and renewable-powered mining.
Global Crypto Regulation ⚖️
Unified regulations will emerge, aiming to protect users while fostering innovation and cross-border transactions.
The world of crypto is evolving at lightning speed. Here's what experts predict will dominate the blockchain and cryptocurrency space by 2025:
Mass Adoption of CBDCs 🏦
Governments worldwide are racing to launch their Central Bank Digital Currencies (CBDCs). Expect digital dollars, euros, and yuan to become mainstream payment methods.
DeFi 2.0 🌐
Decentralized Finance is set to evolve with new protocols offering greater security, scalability, and user-friendly interfaces, making DeFi accessible to everyone.
NFT Utility Expansion 🎨
Non-Fungible Tokens (NFTs) will go beyond art and collectibles to include real estate, identity management, and gaming economies.
AI Meets Blockchain 🤖
AI and blockchain integration will create smarter, automated contracts, personalized financial tools, and more efficient data verification systems.
Green Mining & Sustainability 🌍
With growing concerns over energy consumption, expect innovations in eco-friendly consensus mechanisms like Proof of Stake (PoS) and renewable-powered mining.
Global Crypto Regulation ⚖️
Unified regulations will emerge, aiming to protect users while fostering innovation and cross-border transactions.
#XRP
At the time of writing, XRP was down 0.73% in the last 24 hours to $2.29. XRP has moved in a range since hitting highs of $2.90 on Dec. 3. The RSI around the midpoint indicates a balance between supply and demand, implying the likelihood of range trading between $1.90 and $2.90 in the coming days. The recent price action has created a symmetrical triangle pattern, which is often regarded as a continuation pattern but sometimes acts as a reversal pattern. If the price rises and breaks above the triangle, the chances of a break above $2.91 increase.
A break and close below the triangle, on the other hand, may indicate that XRP has reached its short-term peak. Such a move might pull XRP to the 50-day SMA at $1.73.
At the time of writing, XRP was down 0.73% in the last 24 hours to $2.29. XRP has moved in a range since hitting highs of $2.90 on Dec. 3. The RSI around the midpoint indicates a balance between supply and demand, implying the likelihood of range trading between $1.90 and $2.90 in the coming days. The recent price action has created a symmetrical triangle pattern, which is often regarded as a continuation pattern but sometimes acts as a reversal pattern. If the price rises and breaks above the triangle, the chances of a break above $2.91 increase.
A break and close below the triangle, on the other hand, may indicate that XRP has reached its short-term peak. Such a move might pull XRP to the 50-day SMA at $1.73.
#XmasCryptoMiracles 🎄✨ The magic of Christmas is in the air, and this year, it's sprinkled with a touch of crypto! 💎🌟 Join the XmasCryptoMiracles movement and celebrate the holiday season with blockchain-powered joy, giving, and a glimpse into the future of finance. 🎁🎅
Whether it's gifting NFTs, supporting your favorite causes with crypto donations, or sharing your crypto journey with loved ones, this is the season to spread festive cheer in the digital age! 💰🎄
🎉 Let’s make this Christmas unforgettable—powered by innovation, community, and the miracle of crypto. 🚀🌍
Tag your friends and share how you're bringing #XmasCryptoMiracles to life! 🎄✨
Whether it's gifting NFTs, supporting your favorite causes with crypto donations, or sharing your crypto journey with loved ones, this is the season to spread festive cheer in the digital age! 💰🎄
🎉 Let’s make this Christmas unforgettable—powered by innovation, community, and the miracle of crypto. 🚀🌍
Tag your friends and share how you're bringing #XmasCryptoMiracles to life! 🎄✨