Day: December 26, 2023

3 Reasons This Crypto Defrosts While Others Hibernate In The Run-Up To 2024

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In the prevailing bearish backdrop of the broader cryptocurrency market, NEAR Protocol (NEAR) emerges as a noteworthy exception, showcasing remarkable resilience and defying the prevailing downtrend. Its trajectory has been one of sustained upward momentum, a trend that notably took root around mid-December and has continued to gather strength. Unlike the general market sentiment characterized by a downturn, NEAR has not only weathered the storm but has surged impressively. Over the last seven days, the cryptocurrency has experienced a significant 80% increase in value, a feat that has not gone…

Bitcoin falls below $43k, low volatility expected

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Bitcoin’s (BTC) price fell below the $43,000 in line with a broader crypto market cool down. Data shows the flagship crypto is still holding strong with lower volatility.  BTC declined by 0.9% in the past 24 hours and is trading at $42,800 at the time of writing. The asset’s market cap is still holding above $838 billion with a daily trading volume of over $24 billion.  BTC price, whale activity, open interest, Binance funding rate and RSI – Dec. 26 | Source: Santiment According to data provided by the market…

XRP Price Regains Strength As The Bulls Aim For 10% Surge

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XRP price is moving higher from the $0.578 support. The price seems to be setting up for a fresh surge toward the $0.680 and $0.700 levels. XRP is attempting a fresh increase from the $0.578 support level. The price is now trading above $0.620 and the 100 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.650 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.650 and $0.655 resistance levels.…

Ethereum Price Relatively Muted But Approaches Crucial Breakout

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Ethereum price is consolidating gains below the $2,350 resistance zone. ETH could revisit the $2,200 support before it starts a fresh increase. Ethereum is still holding gains above the $2,250 support zone. The price is trading below $2,280 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline and revisit the $2,200 support zone. Ethereum Price Remains In A Range Ethereum price started a downside correction…

Bitcoin Price Eyes Fresh Bullish Breakout, Can BTC Make It To $45K?

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Bitcoin price corrected gains and tested the $42,650 zone. BTC is again attempting a fresh increase and eyeing a move above the $43,750 resistance. Bitcoin found support above the $42,500 zone and started a fresh increase. The price is trading below $43,550 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $43,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $43,750 and $44,300 resistance levels. Bitcoin…

MATIC’s Surge Powers Through Resistance With 4% Uptrend

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Polygon is closing out 2023 on a high note as its native token, MATIC, experienced a significant surge over the past 24 hours, despite its founder highlighting a “painful ride”. MATIC’s current price stands at $0.8939, accompanied by a 24-hour trading volume of $701,503,128.22. This represents a notable 4.20% price increase within the last 24 hours and a remarkable 14.10% increase over the past 7 days. Polygon Founder Embraces Underdog Status Despite a challenging journey throughout 2023, Polygon’s founder, Sandeep Nailwal, recently expressed his contentment with the platform’s underdog status. In…

Polkadot Shows Bearish Signal, Analyst Predicts Drawdown To This Target

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A cryptocurrency analyst has explained how Polkadot could potentially see a decline to this level because of a sell signal in in its weekly price chart. Polkadot Weekly Price Has Formed A TD Sequential Sell Setup Recently In a new post on X, analyst Ali has pointed out that a TD Sequential sell signal has been forming for Polkadot recently. The “TD Sequential” refers to a tool in technical analysis that’s generally used for pinpointing likely points of reversal in any asset’s price. The indicator is made up of two…