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29 12, 2024

BDAG’s $600M Goal, Bitcoin Rainbow Chart & SOL Price Insights

By |2024-12-29T13:56:42+02:00December 29, 2024|Crypto News, News|0 Comments

The figure “$500” has recently become significant across the cryptocurrency market. The Bitcoin rainbow chart has raised eyebrows by indicating a possible rise to $500,000 by 2026 as more mainstream institutions engage with the market. Likewise, the Solana price prediction is positive, expecting the cryptocurrency to reach $500 by 2030, driven by a growing interest in decentralized applications.

While Bitcoin and Solana draw attention with their ambitious price targets of $500K and $500, respectively, BlockDAG (BDAG) is setting even loftier goals with a $600 million presale target. Having already amassed over $173 million and provided early holders with a 2240% ROI, BlockDAG is swiftly becoming the top trending crypto.

Solana’s Future Valuation: Analysts Predict $500 by 2030

Current Solana price predictions forecast substantial growth, with a target of $500 by 2030. Its scalability and increased adoption in decentralized applications position Solana to benefit from the expanding DeFi ecosystem.

However, its present price at $209, nearly 20% below its peak, highlights concerns about its ongoing performance in a competitive environment. Issues like possible network congestion and regulatory challenges are significant uncertainties that may affect its future. Despite this, Solana’s prospects for long-term growth are seen as favorable, although market volatility continues to be a concern.

Bitcoin Rainbow Chart: Potential for $500K by 2026?

A recent commentary from analyst @CryptoMichNL on X provides intriguing perspectives on the Bitcoin Rainbow Chart, noting, “The Bitcoin Rainbow Chart reveals some compelling points. Firstly, the last peak was expected to be much higher since it fell short of reaching extreme levels. Moreover, as the chart endures, the peaks tend to rise. With a bull market heading into 2026, reaching a $500K target is quite feasible.” This analysis implies that Bitcoin might exceed past peaks, with a $500,000 benchmark by 2026 becoming increasingly likely if market conditions favor growth.

However, while the chart is traditionally seen as reliable, it is not flawless. Past trends in Bitcoin have shown unpredictability, with outcomes often diverging from forecasts due to changes in regulations and global economic factors.

BlockDAG’s Swift Advance Towards a $600M Milestone

In under a year, BlockDAG has shattered expectations in its crypto presale, amassing over $173 million. Early participants who recognized the potential early have seen their holdings skyrocket by 2240%, with BDAG’s price escalating from $0.001 in the first batch to $0.0234 in the upcoming batch 26.

This rapid ascent has positioned BlockDAG on a steady course to meet its bold $600M presale goal, potentially marking it as the most significant presale of the decade. Each day, crypto enthusiasts contribute over $5 million to this top trending crypto, attracted by BlockDAG’s advanced technology that delivers unmatched speed, robust security, and exceptional scalability.

Moreover, the BlockDAG X1 Miner App now has over 300,000 users, and the TG Tap Miner has attracted more than 180,000 participants, indicating swift market penetration and increasing confidence in BlockDAG’s platform.

As the presale pushes towards the $600 million target and coins are rapidly acquired, the window to purchase BDAG at the low price of $0.0234 is closing as batch 26 nears sellout. With prices set to increase in future batches and the project’s momentum showing no signs of waning, this may be the final opportunity to engage with this emerging crypto powerhouse at such an entry-level price.

Final Say

While the Bitcoin rainbow chart projects a potential $500,000 peak by 2026, and Solana price prediction anticipates $500 by 2030 due to the rise of decentralized applications, BlockDAG is carving out its niche with distinctive achievements. Having raised over $173 million thus far, its presale is swiftly moving towards a $600 million goal, establishing it as the top trending crypto.

Early participants have secured a 2240% ROI, and the project’s cutting-edge technology coupled with rapid growth in its community point to its exceptional prospects. With batches selling out rapidly, now is an ideal time to become part of this quickly expanding initiative before the next price increase.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

 


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29 12, 2024

Dogecoin price prediction: DOGE predicted to hit $1 in 2025 as Cardano struggles  

By |2024-12-29T11:55:17+02:00December 29, 2024|Crypto News, News|0 Comments

Dogecoin (DOGE) has captured significant attention as its price trends within a crucial range.

Meanwhile, Cardano (ADA) has witnessed a massive inflow of new holders despite recent struggles.

This article explores Dogecoin’s potential to reach $1 by 2025 while highlighting the recent developments in ADA.

Dogecoin price trends indicate a critical phase 

Dogecoin is currently priced near $0.32 after a 5% drop over the last 24 hours, according to TradingView data. The meme coin continues to test its support level of $0.31 while resistance remains at $0.35.

  • Analysts observe that the asset is exchanging within a symmetrical triangle, which typically signals a consolidation phase before a significant price breakout or dip.
  • On the mid-term chart, Dogecoin recently faced a false breakout near $0.34 and has struggled to maintain upward momentum. If the price sustains a level above the descending trendline of $0.35 bullish momentum could push DOGE toward its next target of $0.48.
  • Conversely, a break below $0.30 may lead to a retracement toward the $0.24 mark, as indicated by Fibonacci levels.

Historical patterns add to the optimism for DOGE. Analysts have noted repeating fractals similar to Dogecoin’s 2021 bull run. If such trends hold, the meme coin could potentially rally beyond $1 by 2025, with some even projecting highs of $4 under favorable market conditions.

Cardano struggles amid declining market sentiment 

Cardano (ADA), exchanging at approximately $0.86 has seen a price dip of 6.9% in the last 24 hours. It is currently at a crucial support level, and analysts warn that a breach below $0.85 could trigger further declines, potentially reaching $0.77.

  • Despite bearish technical indicators, on-chain data reveals that ADA holders are still accumulating the token. Reports from analytics firms like Coinglass show a $4.7 million outflow from exchanges, indicating long-term optimism among buyers.
  • However, the token faces resistance near the $1.28 level. ADA has rallied 133% over the past six months, but its current consolidation phase leaves room for speculation regarding future price movements.
  • Analysts shared their analysis of Cardano on X indicating an incoming rise in price levels.

Cardano’s ecosystem remains active, with planned upgrades such as Hydra and Marlowe expected to enhance the blockchain’s scalability and utility. These developments could attract more holders as 2025 approaches, though the asset’s short-term trajectory remains uncertain.

What to Know  

  • Dogecoin was among the highest performers of the November bull run induced by Donald Trump. The memecoin remains the largest memecoin by market cap leading other memecoins in the category.
  • Dogecoin was initially shilled by Elon Musk in its early days before a lawsuit stopped the billionaire from actively promoting the memecoin directly.

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29 12, 2024

Ripple XRP Price Prediction for 2025 and 2026, check the details here!

By |2024-12-29T09:54:18+02:00December 29, 2024|Crypto News, News|0 Comments

With no significant price adjustment, Ripple XRP Price has now been consolidating over a longer period. Rather, the market slinks sideways, suggesting a consolidation phase amid a general upswing. Trades for $2.45 and down more than two percent at the time of writing.

Ripple XRP Price Prediction

XRP has tripled in value and is one of the best crypto wins since the election. The XRP and other cryptocurrency movements have brought digital assets—and where they could be headed in 2025—front stage.

The Federal Reserve said that the rate of monetary tightening will slow down next year. As a result, XRP was falling early Thursday, down 3.8% in the previous 24 hours to $2.39. Additionally down were other cryptocurrencies like Bitcoin, Ethereum, and Solana. By the end of 2025, our research projects the XRP price to be at $5.06.

Unless a widespread market collapse strikes the industry, XRP is expected to rise to a peak price of $10.87 by the end of 2026 as it continues its trend. In this circumstance, Ripple XRP Price Prediction is most likely to draw a lot more institutions wishing to settle in crypto, therefore driving XRP’s price to a possible $119.94 by 2030 in the process.

XRP Price Predictions 2024-2026

XRP is predicted to conclude the year at changing hands in a trading range of $2.19 and $2.28. This would mean that using December’s average price of $2.23, XRP’s price rose by 2.21% with current rates. Stated otherwise, assuming XRP meets the projection, investors would make a possible profit of 4.25%.

XRP is expected to trade in a pricing range of $2.07 and $4.49 in 2025. People will likely buy and sell XRP for an average of $2.97 over the year. March looks like the best month for XRP because it’s expected to trade 105.87% higher than it is now.

Year Average Price Potential Low Potential High
2024 $2.45 $1.96 $4.11
2025 $4.11 $3.16 $5.06
2026 $7.26 $4.37 $10.87

The XRP price estimate for 2026 is often optimistic. The price of XRP is expected to drop to a low of $1.941191 in May and rise to a high of $2.91 in March. In 2026, the average price of XRP will be $2.25.

XRP may eventually find itself valued at $6.04 in March of 2030. Given that XRP might trade as low as $4.85 in May, it is a fairly hopeful picture. Projected to be about $5.23 overall for the year, XRP’s price is around 139.35% above its present value of $2.18.

Crypto Market Growth Fuels XRP 

XRP Forecasts Consolidation implies positive momentum on December 28; for an advance, consolidation marks over $1.96 critical. With XRP’s market capitalization at around $125 billion, it makes around 2% of the whole $3.36 trillion market value for cryptocurrencies.

Based on pricing behavior between 2017 and 2021, EGRAG’s study reveals that XRP has undergone a drop in market domination, therefore hitting record lows. XRP could, however, restore some of its market domination if it rebounds in price and exceeds past highs.

Given that Bitcoin also aims to reach the $100,000 milestone, the attitude toward XRP is positive; many expect fresh all-time highs. As of now, XRP is worth $2.20, which is 52% more than it was a month ago. Over $5.60 billion has been traded in it throughout the previous 24 hours.

Key Levels for Risk Management of Ripple XRP

Traders should keep an eye on the main degrees of support and resistance found within this triangle. Should it lie below this level, the probability of a bearish movement rises and the triangle scenario may be disproved.

XRP is mostly affected by the $1.95 level, so the trend of stabilization is likely to continue if the price stays above this level. On the other hand, should the price go below this level, we may see a more notable retreat; the next support region is between $1.80 and $1.39.

Will XRP Break Past $10

Press time XRP trades at $2.26; with a 10.3% decline over the previous two weeks, the monthly gain is 60.8%. Whale activity and changes in the ecosystem are fueling conjecture on whether XRP might finally top $10.

Whale movements have been noteworthy. Whale Alert detected an 800 million XRP transaction worth $1.93 billion on December 16, which sparked conjecture about institutional interest or market-shifting events. 

While bigger accounts acquired 870 million XRP, Santiment, a bitcoin analytics tool showed data suggesting wallets holding 1 million to 10 million XRP upped their holdings to as high as 100 million tokens. 

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29 12, 2024

Cardano Price Prediction Hints Rally, Shiba Inu Price Struggles & BlockDAG’s X1 Mining App Boasts Over 300K Users!

By |2024-12-29T03:51:09+02:00December 29, 2024|Crypto News, News|0 Comments

The crypto market never pauses, offering endless opportunities for enthusiasts to explore. For instance, Cardano’s forecast suggests a steady climb to $6 despite leadership changes, while Shiba Inu battles ongoing market instability, with potential quick gains linked to Bitcoin’s movements.

Yet, BlockDAG (BDAG) is capturing attention with its innovative mining technology. Its user-friendly X1 mining app has pulled in over 300k active miners, and the TG Tap Miner game has attracted more than 100k participants eager for groundbreaking opportunities. 

As presale revenue climbs over $173 million, experts believe BDAG’s value could reach $20 by 2027, making BlockDAG’s mining rigs the preferred choice for the best crypto miners out there. Thus, this is a critical moment to keep an eye on each coin’s progress to see which will soar. 

Cardano Price Prediction: Will it Hit $6?

The Cardano market recently faced a downturn. Despite this, the Cardano price prediction still sees it falling below $1 after briefly exceeding it last November. ADA’s value has dropped by 1.2% daily, more so over longer periods, but since last December, ADA has seen a 46.7% growth. This trend mirrors past cycles, indicating a possible repeat.

Given another Cardano price prediction, the forecast is cautious amid current market moods. However, if conditions improve, particularly with the new leadership’s pro-crypto stance, Cardano could climb to $6 in the upcoming years.

Shiba Inu Price Declines By 1.39%: What’s Next?

Shiba Inu’s price is fluctuating as Bitcoin attempts to surpass the $100,000 mark. Currently, the Shiba Inu price is at $0.00002172, a slight decrease of 1.39% recently. A strong sell barrier at $0.000027 makes advancing hard, impacting its market status.

Market trends indicate a significant rise in SHIB’s burn rate, with trading volumes down over 20%. The Shiba Inu price might see some movement if Bitcoin achieves new peaks, which could influence SHIB’s path. The community’s decision to hold or sell will be vital in shaping its pricing strategy soon.

BlockDAG Simplifies Crypto Mining: X1 App Attracts 300K+ Users!

BlockDAG, a rising name in cryptocurrency, has rapidly gained traction in the crypto mining industry. Its advanced mining features have consistently delivered remarkable results. Its user-friendly X1 mining app allows users to mine without needing complex equipment. Similarly, the TG Tap Miner game enables players to earn tap points that convert to BDAG coins, making it especially popular with gamers.

BlockDAG focuses on making mining simple for everyone, regardless of technical expertise. This approach ensures that users can start mining without dealing with complicated hardware or high energy usage.

BlockDAG’s achievements speak for themselves. Over 15,000 mining rigs have been sold during its ongoing presale, solidifying its position as a leading option for those seeking the best crypto miners.

The X1 mining app has attracted over 300,000 users, making BlockDAG a top choice for straightforward and efficient mining. Additionally, the TG Tap Miner game has attracted more than 100,000 users, showcasing its strong appeal. These achievements highlight BlockDAG’s growing influence in the market.

As the popularity of the X1 app and TG Tap Miner grows, so do the presale numbers. To date, over $173 million has been raised, with $6 million coming from mining rig sales alone. Market experts forecast that BDAG’s price could reach $20 by 2027, showing strong potential for BlockDAG’s future in the crypto sector.

The Final Say

The Cardano price prediction points to a gradual rise, with potential peaks of $6 supported by leadership changes and favorable policies. Meanwhile, the Shiba Inu price remains volatile but could see gains if Bitcoin surpasses its current highs.

BlockDAG’s mining technology stands out by offering accessible and rewarding opportunities. With 300,000 miners using the X1 app and over 100,000 users engaging with the TG Tap Miner, BlockDAG is creating a reliable space for crypto mining. Combined with presale numbers exceeding $173 million and a projected price increase for BDAG, BlockDAG is establishing itself as a leading choice for the best crypto miner.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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29 12, 2024

Solana to $700, Remittix To $1.50

By |2024-12-29T01:50:41+02:00December 29, 2024|Crypto News, News|0 Comments

SPONSORED POST*

Investors are seeing exponential growth potential from assets such as Solana (SOL) and Remittix (RTX), as the crypto market gets ready for its next significant movement. With its lofty $1.50 price aim, Remittix is ready to transform world payments; Solana’s (SOL) recent price drop may indicate a hidden prospect for a surge over $700. 

Strong investor sentiment supporting these top crypto coins set the scene for what might be one of the most promising periods in cryptocurrencies. Read on to find out the motivating factors behind these audacious crypto price predictions and how they might affect your portfolio.

Remittix (RTX) Offers Seamless Crypto-to-Fiat Payments

Remittix is redefining the flow of money across borders and providing a creative solution that effortlessly links cryptocurrency and conventional payment methods. Remittix solves one of the most important issues in the financial industry by letting users make fiat payments straight to any bank account anywhere in the world using crypto.

Fundamentally based on blockchain technology, Remittix offers unmatched efficiency and openness, which makes it the perfect platform for companies and individuals trying to maximize the value of digital assets in worldwide trade. With income expected to reach $11.7 billion by 2030, the worldwide crypto sector is expanding at a startling 13.1% CAGR. 

Remittix provides a platform that combines creativity with practical usability, enabling it to profit from this explosive development. At just $0.0163 during the presale, the RTX token offers investors a rare chance to have early access to a highly prospective asset in a fast-growing market. 

Remittix’s aim is first and foremost security. To guarantee the best protection of user assets and data, the platform uses cutting-edge encryption, thorough code reviews, and smart contracts painstakingly evaluated by the reputable blockchain security company SOLidProof. In the rapidly expanding PayFi market, Remittix distinguishes itself as demand for cross-border payment solutions keeps rising.

Solana (SOL) Price Dips Amidst Market Volatility

After first ranging between $230 and $210, the Solana price has had a bearish week as it fell almost 9%. Once the Solana price broke the crucial $215 support level, the bearish momentum quickened and caused the price to drop below $180 before beginning a comeback. 

The Solana price chart showed resilience despite this volatility, as the altcoin recovered to the $200 resistance zone before encountering bearish pressure again. Reflecting more general market dynamics and investor attitude, this price change emphasizes Solana’s (SOL) volatility.

The Solana price chart shows that the altcoin has witnessed about a 20% decline over the past month, but given its strong community support and favourable investor attitude, this seems only to be a brief setback. Technical clues pointing at possible recovery come from the MACD and Moving Averages, which indicate optimistic buy indications.

Based on favourable market conditions, a short-term Solana price prediction shows the altcoin may retest its all-time high (ATH) of $263 early next year. A long-term Solana price prediction forecasts the altcoin to trade between $190 and $570 throughout 2025.

Solana (SOL) and Remittix (RTX) Poised To Rally Massively

Solana (SOL) and Remittix (RTX) are taking the front stage as leading candidates for large returns as the crypto market gets ready for its next booming phase. Solana’s (SOL) strong comeback puts it in a position for a possible $700 surge; Remittix is pushing limits with its innovative way to crypto-to-fiat transfers.

Investors have a great chance to get early access to what might become a pillar of the $11.7 billion PayFi market by 2030 with the RTX token priced at just $0.0156 during its presale.

Join the Remittix (RTX) presale and community: 

Join Remittix (RTX) Presale

Join the Remittix (RTX) Community

 *This article was paid for. Cryptonomist did not write the article or test the platform.

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28 12, 2024

Dogecoin (DOGE) Price Prediction for December 29

By |2024-12-28T23:50:03+02:00December 28, 2024|Crypto News, News|0 Comments

Dogecoin (DOGE), the largest and most popular meme coin by market cap, is showing signs of reversing its recent price decline. Over the past few days, DOGE has experienced a significant drop, but recent consolidation, continuous accumulation by whales, and a shift in market sentiment might be driving potential upside momentum.

Can Dogecoin (DOGE) Break $0.36? Key Levels to Watch

Amid market uncertainty and ongoing consolidation, DOGE has formed a descending triangle pattern on the four-hour timeframe and is poised for a breakout.

DOGE Price Prediction

According to expert technical analysis, if the meme coin breaches this pattern and closes a candle above the $0.327 mark on the same timeframe, there is a strong possibility it could surge by 11% to reach $0.36 in the near future.

Source: Trading View

However, this speculation is based on a short timeframe and could appear in the coming days.

On the daily timeframe, DOGE appears to be consolidating within a tight range below the crucial support level of $0.36. Based on recent price action, if DOGE breaks out of this narrow zone and closes a daily candle above the $0.36 mark, there is a strong possibility it could surge by 30% to reach $0.465 in the coming days.

Dogecoin (DOGE) Price Prediction for December 29
Source: Trading View

Whales Accumulate 90 Million DOGE

Amid this ongoing consolidation, whales have demonstrated strong interest and confidence in the meme coin.

According to a prominent crypto expert’s post on X (formerly Twitter), whales have purchased a significant 90 million DOGE tokens. This substantial accumulation by whales has the potential to create buying pressure and drive further upside momentum.

Current Price Momentum

Currently, DOGE is trading near $0.32, having experienced a price rally of over 2.45% in the past 24 hours. However, during the same period, its trading volume dropped by 37%, indicating reduced participation from traders and investors due to recent market uncertainty.

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28 12, 2024

XRP at $2.7? Legendary Trader Peter Brandt Shares Bullish View

By |2024-12-28T21:48:46+02:00December 28, 2024|Crypto News, News|0 Comments

Seasoned trader Peter Brandt has shared two charts that hint at the next possible move for XRP price.

In his recent post on X, Brandt shared a weekly chart that shows a bullish wedge pattern.

Source: X/Peter Brandt

If validated, the pattern will show price growth into 2025.

The daily chart, however, suggests a correction from the local top level of $2.728000.

Article image
Source: X/Peter Brandt

Earlier, Peter Brandt tweeted that the XRP/USD pair currently seems to be forming a Half Mast Flag. 

Related

Legendary Trader Peter Brandt Spots Important Bullish XRP Pattern

If this pattern completes, Brandt suggests the “distance to upside should equal advance into tip of flag,” consistent with how this technical formation typically unfolds. While the pattern often signals a substantial price move following a drop, it does not always guarantee upward momentum.

Is 2024 XRP price rally over?

XRP experienced a notable rally in December, reaching a peak of $2.72 on Dec. 3. However, the price has since declined steadily, with heightened volatility during the holiday season. A brief rally followed the launch of Ripple’s RLUSD stablecoin but was insufficient to revive XRP’s upward trajectory.

Currently, XRP remains 36.3% below its all-time high from early 2018, falling short of setting a new record in December despite earlier momentum.

Currently, the XRP price remains stale, sitting at the $2.1 level.

The market cap has reached $124.14 billion, reflecting a 1.79% increase, while the 24-hour trading volume stands at $4.02 billion, up by 27.92%. This results in a volume-to-market cap ratio of 3.26%, indicating steady liquidity.

The fully diluted valuation (FDV) has climbed to $216.24 billion, reinforcing confidence in XRP’s long-term potential. These figures highlight the cryptocurrency’s resilience and ongoing appeal among investors.



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28 12, 2024

Bitcoin (BTC) Price Prediction for December 28

By |2024-12-28T19:48:05+02:00December 28, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market has turned to red again, according to CoinStats.

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BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has dropped by 1.91% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of BTC is trying to break the local resistance of $94,623. If it happens, the rise may continue to the $95,000 zone by the end of the week.

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Image by TradingView

A less positive picture is on the bigger time frame. If buyers lose the interim area of $94,000, there is a chance of a test of the nearest support of $92,092.

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Image by TradingView

A similar situation is on the weekly chart. At the moment, there are no reversal signals yet, which means there is still a chance of an ongoing decline.

Related

Solana (SOL) Price Prediction for December 27

If the $92,000 level is broken, traders may witness a test of the $90,000 range shortly.

Bitcoin is trading at $94,544 at press time.

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28 12, 2024

DOGE Price Skyrockets as 90 Million Dogecoin Traded in 48 Hours

By |2024-12-28T17:46:10+02:00December 28, 2024|Crypto News, News|0 Comments

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Dogecoin (DOGE) has seen an increase in activity over the past 48 hours, with a staggering 90 million DOGE on the move. According to cryptocurrency analyst Ali, whales have bought over 90 million DOGE in the last 48 hours. This accumulation comes as DOGE’s price rebounded after three consecutive days of declines.

A Bitcoin-led rally fizzled in the final days of a record-breaking year for digital assets. This sentiment spilled to altcoins, with several of these assets posting lackluster trading action toward the year’s end.

After the Christmas break, jobless claims data released Thursday came in lower at 219,000, falling short of Dow Jones’s average prediction of 225,000. However, continuing claims increased by 46,000 in the week ended Dec. 14, reaching the highest level since November 2021.

Traders predict a more hawkish Federal Reserve in 2025. The central bank’s next meeting is scheduled for the end of January, when rates are expected to remain unchanged. This cautious stance seems to be impacting the markets, including cryptocurrencies.

Dogecoin is currently oscillating in a tight range and is flirting with a drop for December, which would be its first monthly decline since September when it embarked on a rise.

Related

Dogecoin Whales on Move: 270 Million DOGE Shifted Within 96 Hours

On Dec. 8, Dogecoin reached a high of $0.484 before encountering resistance and declining. The drop reached a low of $0.261 on Dec. 20, following which it entered range trading.

Dogecoin was up 0.61% in the last 24 hours to $0.316, but down 9% weekly as of writing.

What’s next for Dogecoin: Bulls and bears scenario

After three consecutive days of drop, Dogecoin rebounded from lows of $0.308 on Dec. 27. The rally appears to have stuck at intraday highs of $0.317 in today’s trading session, implying that bears are selling on any slight advance.

Related

Dogecoin (DOGE) Surpassed $1 Billion on This Date Seven Years Ago: Details

There is some support near $0.30, but if it breaks, Dogecoin might fall to $0.27. Buyers are likely to defend the $0.27 to $0.23 range.

If bulls want to halt the downside, they must push and hold the price above the moving averages. In this scenario, a break above the daily SMA 50 at $0.38 might be pertinent to watch in this regard. If bulls achieve this, it may indicate that the correction has ended. Dogecoin may potentially reach $0.43.

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28 12, 2024

XRP Price Prediction for December 28

By |2024-12-28T15:45:26+02:00December 28, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The majority of the coins have returned to the red area, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The price of XRP has declined by 1.64% over the last 24 hours.

Article image
Image by TradingView

On the hourly chart, the rate of XRP is near the local resistance of $2.1761. If buyers’ pressure continues, one can expect a level breakout, followed by a move to the $2.20 area.

Article image
Image by TradingView

On the bigger time frame, traders should focus on the nearest level of $2.1277.

Related

Solana (SOL) Price Prediction for December 27

If the price returns to it, the accumulated energy might be enough for an ongoing downward move to the $2.05-$2.10 range shortly.

Article image
Image by TradingView

From the midterm point of view, the picture is more bearish than bullish. If bulls lose the vital $2 zone, there is a possibility of a test of the $1.50 area within the next weeks.

XRP is trading at $2.165 at press time.

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