Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier. Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence. As ETH edges higher, traders are keenly watching to see if this rally has what it takes to finally break through the resistance and set the stage for further gains. With the stakes high and the momentum growing, the $4,100 level could be the key to Ethereum’s next big move. Will the Bulls rise to the challenge? Ethereum Price Approaches The Crucial $4,100 Resistance Level ETH is currently trading above the 100-day Simple Moving Average (SMA), signaling a bullish trend. Following a strong rebound at $3,670, the cryptocurrency has gained steady upward strength, gradually approaching the $4,100 key resistance level. This positive price action suggests that market sentiment is shifting in favor of the bulls, with increasing buying pressure pushing Ethereum closer to this critical barrier. As the price draws closer to $4,100, traders are watching closely to see if ETH can break through this resistance and sustain its bullish momentum, possibly paving the way for more growth. Related Reading: Ethereum Price Climbs To $4,000 Amid Historic ETF Inflows: Will It Break Previous Records? Furthermore, to support this outlook, the 4-hour Relative Strength Index (RSI) reveals strong positive sentiment for Ethereum. The RSI has risen to 63%, recovering from a previous dip to 53%. Significantly, this upward movement indicates growing buying pressure and reflects a shift toward bullish momentum. As the RSI climbs, it suggests that Ethereum is gaining strength, with potential for further upside. Thus, if ETH continues to stay above key thresholds, the crypto asset could have the strength to push through the $4,100 resistance level. Breaking Above The $4,100 Mark Could Spark ETH’s Next Bull Run A breakout above the $4,100 resistance level may serve as the catalyst for Ethereum’s next bull run, unlocking notable upside potential. This level has long been a critical barrier, representing psychological and technical resistance to ETH. Should the price break above $4,100, it would signal a shift in market dynamics, with the bulls firmly in control and poised to drive Ethereum to the $4,863 resistance level and beyond. Related Reading: Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity However, it’s important to note that a failure to break through $4,100 might lead to a pullback, triggering a retreat to lower support levels. A rejection at this key level would raise concerns about the sustainability of Ethereum’s bullish momentum, prompting traders to reassess their positions. Presently, Ethereum is trading at approximately $3,947, with a market capitalization of $475 billion. In the past 24 hours, ETH has seen a strong trading volume of $30 billion, indicating high investor interest and healthy market liquidity as Ethereum nears key resistance levels. Featured image from Unsplash, chart from Tradingview.com
With a new all-time high, Bitcoin is once again the talk of the crypto world. In the rough history of the alpha cryptocurrency, breaking through the key $106,000 mark on December 16, 2024, was a big moment. Investors are more confident now that Donald Trump won the election, which was based on his campaign promises. 🚀 #BTC hits $106K! The crypto sky just got brighter—what’s your next move? 📈 https://t.co/0XLTbaOUoL pic.twitter.com/VxWzZRx83M — Gate.io (@gate_io) December 16, 2024 A New Era For Bitcoin The excitement over Bitcoin stems from more than just numbers; it also comes from the possibility for a change in legislative attitudes. The victory of Trump has led to a general opinion that his government will be more open to cryptocurrencies than the previous administration. He plans to designate pro-crypto leaders to important roles, including Paul Atkins as the Securities and Exchange Commission (SEC) new director. This has inspired hope for a more flexible regulatory framework, which many feel will help to raise the value of Bitcoin even more. Related Reading: 3-Year Peak: Chainlink Rally Fueled By Historic Open Interest Levels Bitcoin’s price has increased by nearly 50% in the span of just over a month since Trump’s election. According to experts, investors’ “fear of missing out” (FOMO) is the primary driver of this increase. The approval of Bitcoin exchange-traded funds (ETFs) earlier this year was also instrumental in attracting mainstream investors, facilitating their entry into the market. Bitcoin’s aggregate market capitalization has now surpassed $3.8 trillion as a result of these developments. Managing The Volatility Though there is obvious excitement right now, experts caution investors about Bitcoin’s known volatility. Financial advisers suggest that a portfolio should include about 5% of cryptocurrencies. They underscore the significance of a disciplined approach that effectively balances the inherent risks with the potential benefits. Historical data indicates that Bitcoin is capable of experiencing significant price fluctuations, as evidenced by its 70% decline in 2021 following its previous high. Many are riding the tide of optimism, despite these warnings. Also fueling the rise of Bitcoin is the expectation that the Federal Reserve may cut interest rates this week. When financing costs are low, riskier assets, like cryptocurrencies, tend to do well because of lower interest rates. Related Reading: Massive Dogecoin Rally Incoming: Bigger And Better Than 2021 — Analyst Uncertain And Promising As Bitcoin keeps breaking new benchmarks, its future is both unknown but also bright. The possibility for a national strategic reserve for Bitcoin under Trump’s presidency has generated discussion among analysts and investors. This idea has the same resemblance to traditional oil reserves and could help Bitcoin’s place in the financial system to be consolidated. Featured image from Euronews, chart from TradingView
On December 16, COINOTAG announced that the consumer-oriented encryption platform Infinex has successfully completed its acquisition of Keypom. This strategic move aims to bolster Infinex’s capabilities in the development of
Crypto ETPs recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
The post Chainlink Triggers the ‘Power-Mode’ to Form New ATH While Aave Confirms a Breakout—Here’s What’s Next appeared first on Coinpedia Fintech News After the recent rise in the price of Bitcoin, the markets had gained some momentum that had offered a good start for the week. Meanwhile, the bullish trend failed to sustain for long as the buyers fell weak. Amid the growing concerns of a rejection, altcoins like Chainlink (LINK) & AAVE (AAVE) prices have begun to swell. Has the majority of the buying volume flowing into these altcoins? With this, will the tokens to close the yearly trade above their aimed targets at $50 and $100? Chainlink (LINK) Displays Massive Strength LINK price was battling the major resistance between $28 and $29, while a clean breakout triggered a strong upward move. While a rejection was expected to be fast approaching, the rise in the buyer’s strength has opened the doors for higher targets. On the other hand, the whale’s interest in the token has increased as they accumulated close to 430K LINK, and institutions like Trump’s World Liberty are spending nearly $2 million to buy over 78,000 LINK, indicating the rising bullish sentiments. The token has seen a rise in its trading volume in the past few days, which has helped it to surge above the pivotal zone between $27.5 and $28.4. Meanwhile, two major indicators have rebounded from a bearish pattern, suggesting the growing strength of the bulls. RSI & OBV have flipped, displaying a bullish reversal, and hence the token is expected to revive a strong ascending trend beyond interim resistance at $34.4, followed by a rise within the resistance zone between $36.8 and $37.7 in a few days. AAVE Price Eyes to Reach $500 The Aave price is trying hard to validate a breakout that it has been doing for over a week. Despite constant attempts, the price is failing to sustain itself within the resistance zone between $386.66 and $392.3. The crypto is about to rise back within the range, which is expected to have a major impact on the AAVE price rally for the year-end. As seen in the above chart, the AAVE price is rising, and in the short term, it has been consolidating within the pivotal resistance zone and support zone between $356.71 and $350.97. However, a breakout above the immediate resistance just above $396 may clear the path to $400. With this move, the AAVE price is expected to rise and reach the interim milestone of $500. Meanwhile, the Bollinger bands, which are going parallel to each other, suggest the token may remain within an accumulated range for a while. Therefore, the AAVE price is believed to test $395 to $398 and face a small pullback, keeping the bullish momentum intact and aiming to reach $500.
The post Pepe Coin (PEPE) and Dogwifhat (WIF) Are Struggling To Keep Up With This Innovative Altcoin, Here’s Why appeared first on Coinpedia Fintech News Though memes are still exceptionally trendy, most meme coins including Dogwifhat and Pepe have cooled off slightly as utility gems garner significant traction in their stead. Before money flows down to low cap presale utility gems like Lunex Network to explosive effect, many analysts urge investors to be first movers within this ICO trailblazer. With an anticipated 55% surge as soon as January, here’s why analysts are bullish about Lunex Network. Pepe Defies Broader Market Trends As Listings Solidify Blue Chip Status Pepe has cemented its place as the third-largest, and arguably the trendiest, memecoin in Q4. Bolstered by recent listings on Coinbase, Robin Hood, and most recently Binance US, these high-profile listings have expanded Pepe’s accessibility in the USA and contributed to Pepe’s remarkable surge this month. Whale activity has further fueled confidence for Pepe, and Pepe has recently gained blue chip meme status in the eyes of many experts. Defying broader market trends, Pepe recently traded at $0.00002725, gaining 3.5% within 24 hours while other major cryptocurrencies struggled. Increased exchange outflows indicate reduced selling pressure, supporting Pepe’s long-term growth prospects. With strong community backing and predictions of a potential meme supercycle, some analysts believe that Pepe could rally another 30% if it manages to hold above $0.00002750. Investors Anticipate Solana Meme Rally For Dogwifhat Upsurge Dogwifhat has quickly risen within the Solana ecosystem, leveraging meme culture and its playful branding of a dog wearing a hat. Built on Solana’s fast, low-cost blockchain, Dogwifhat has become a viral sensation within the cryptocurrency space, attracting traders eager to capitalize on its community-driven hype. Despite lacking utility, Dogwifhat thrives on its simplicity and the emotional connection it fosters within its community as an OG pump.fun meme creation. By focusing entirely on virality and engagement, Dogwifhat taps into Solana’s inclusive blockchain ecosystem and growing meme coin trend, making it a strong contender for exponential gains in the near term, in which a Solana meme rally could send Dogwifhat to the moon. Discover Why Analysts Are Bullish About Lunex Network. Lunex Network is carving its niche as a leading DEX ICO, poised to deliver exceptional returns in the ongoing bull market. With analysts projecting up to 50x gains by early 2025, the platform is attracting attention as a high-potential investment as a rapidly expanding utility ICO. The platform prioritizes simplicity and privacy, eliminating the need for KYC verification while enabling trades across over 50,000 blockchain networks, including Ethereum, Solana, and memes like Dogwifhat and Pepe. By removing the dependency on external wallets, Lunex Network provides a seamless and secure token-swapping experience powered by smart contract technology. Lunex Network’s ecosystem also features a robust revenue-sharing model, where profits are used to buy back LNEX tokens. Half of the tokens are distributed as staking rewards with up to 18% APY, while the rest are burned to increase scarcity. This strategy supports long-term value growth and rewards active participants in the ecosystem. At its presale price of $0.0044, Lunex Network presents a unique opportunity for investors to tap into the next wave of decentralized trading innovation. Its forward-thinking approach and promising features make it a standout in the utility ICO market. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork
Jasmy Coin price has had a spectacular bull run this year, soaring by over 550% as the crypto bull run gained steam. With Bitcoin soaring to a record high on Monday, and crypto fear and greed index in green, there are rising odds that the JasmyCoin price will continue rising this year. But can JASMY hit $1 in 2025? Jasmy Coin Price Analysis: Unlikely To Hit $1 in 2025 The daily chart shows that the JASMY coin price has strong technicals that could push it higher this year. It formed a golden cross pattern on November 25 as the 50-day and 200-day Exponential Moving Averages crossed each other. This pattern often leads to substantial price gains in the long term. JasmyCoin price has also formed a cup and handle pattern. This pattern has a horizontal line and a rounded bottom, and is a continuation sign. The upper side of this pattern is at $0.04460, its highest swing in June this year. The recent pullback was part of the formation of the handle section. This cup has a depth of about 66%. Therefore, if we measure the distance from the upper side of the cup, we see that the target for the Jasmy price is $0.074, which is about 66% above the current level. A move to that level will be confirmed if the price moves above the year-to-date high of $0.0590. The bullish view will be confirmed if the Jasmy Coin price drops below the lower side if the handle at $0.03213. A drop below that level will point to more downside, potentially to the lower side of the cup at $0.016. Jasmy Coin Price JasmyCoin needs to rise by 2,170% to get to $1. While this is possible, especially in the crypto industry, chances are that it will not happen this year or in 2025. Crypto Analysts are Bullish on JasmyCoin Most crypto analysts are upbeat about Jasmy, a crypto that is often referred to as Japan’s Bitcoin. Their main argument is based on the technical factors that we have looked at above. One analyst noted that Jasmy was working with Apple to integrate My Number Card to the country. Apple and Jasmy have not confirmed these rumors, but a potential collaboration would be a game-changer for Jasmy. The biggest potential catalyst for Jasmy is the ongoing Bitcoin price bull run, which analysts expect will go on in the near term. As we wrote earlier, one analyst sees BTC price soaring to $120,000 in the next few weeks. Jasmy often does well when Bitcoin is in an upward trajectory. The post Can Jasmy Coin Price Soar to $1 in 2025? appeared first on CoinGape .
Mark Longo, popularly known as Squirrel Dad, has taken legal action against Binance for what he describes as unauthorized use of his intellectual property, including images and trademarks tied to Peanut the Squirrel. The animal in question, stylized as “P’Nut,” was a male eastern grey squirrel rescued by Longo in 2017. It became an internet sensation through a popular Instagram account, “P.NUT Sanctuary,” which chronicled its antics. However, the creature’s story turned tragic when, on October 30, 2024, the New York State Department of Environmental Conservation seized it from Longo’s home and euthanized it after testing for rabies. Allegations Against Binance In his letter to Binance, shared in a December 16 post on X, Longo accused Binance of using PNUT branding for cryptocurrency-related services without his express permission. The animal rights advocate said the crypto exchange had unlawfully exploited the “Peanut the Squirrel” trademark, PNUT logos, and associated imagery, which he has owned since he first rescued the animal. Longo is demanding that Binance stop this infringement, confirm compliance by December 17, and agree to commit no further violations in the future. He claimed that such activities led the exchange’s customers to mistakenly associate PNUT-branded meme coins sold on the platform with his conservation initiatives. If Binance fails to comply, Longo reserves the right to seek legal remedies, including claims for damages under the U.S. Copyright Act, which provides penalties of up to $150,000 for wilful infringement. The exchange had not yet responded to the cease-and-desist at the time of writing. Peanut-Themed Meme Tokens Suffer Different Fates Longo previously launched the Justice for Pnut and Fred (JUSTICE) token on Pump.fun after criticizing the crypto community for profiting from his trauma by creating the Peanut the Squirrel (PNUT) coin soon after the popular rodent’s death. While PNUT’s overall worth skyrocketed to more than $1 billion when Binance listed it alongside several other meme coins, JUSTICE ended up shedding more than 99% of its $53.8 million market cap days after its introduction amid claims of significant selling pressure. Currently, the coin is up 34%, with a valuation of $373,026 per CoinGecko. On the other hand, PNUT recorded a 4.1% dip in the last 24 hours, but its market cap is still above $1 billion. Another coin launched by Longo soon after the JUSTICE debacle, dubbed Justice for Peanut (JFP), also suffered a similar fate to its predecessor, losing 67% of its price hours after going live. While its price is nearly 70% below its all-time high of $0.001705, achieved on December 13, 2024, the total value of its circulating supply stands at a much more respectable $2.2 million. The post Squirrel Dad Sends Legal Warning to Binance for Alleged Misuse of PNUT Branding appeared first on CryptoPotato .
The post ONDO Price Hits $2.14: Did Trump-Backed WLFI Trigger the Rally? appeared first on Coinpedia Fintech News ONDO, a Real World Asset (RWA) token, has hit a new all-time high of $2.14, following a major purchase by World Liberty Financial, a crypto project backed by former President Donald Trump. According to Arkham Intelligence, the company acquired 134,216 ONDO tokens worth $250,000, triggering a sharp rise in ONDO’s price. This surge represents a strong market reaction to the purchase, with ONDO seeing an impressive 17% increase in the past 24 hours. Interestingly, Real World Assets (RWA) market capitalization has also touched $21.8 billion, up 2.0% over the previous day. Showing that the sector is booming and will be a best buy in the coming months. Let’s see how ONDO is moving the clock for investors. Strong Demand Drives the Rally The price surge is not just a result of speculation; it’s supported by real demand. ONDO’s price has increased by 17% in the past 24 hours, making it the top gainer in the market. Along with the price rise, trading volume has jumped by over 120%. This suggests that the rally is driven by real demand from investors, not just speculation. The surge in trading shows that more people are buying ONDO, indicating strong interest in the token. Good Time to Buy? The On-Balance Volume (OBV) indicator, which tracks buying and selling pressure, has reached its highest level in seven months. This is a positive sign, as it shows that the price increase is supported by strong buying interest. When OBV rises with the price, it suggests that the rally has a solid foundation and may continue shortly. Looking Ahead: Can ONDO Keep Growing? ONDO’s price is currently at $2.05, just below its all-time high of $2.14. If the price breaks above this level, it could reach even higher prices. However, if investors decide to take profits, ONDO might see a pullback to around $1.79, its next major support level. Notably, Ondo has hit a new ATH after a six-week rally, marking over 200% gains since early November. The price surge followed strong support at $1.37 last week and is now targeting a potential new high of $2.51, based on Fibonacci extensions. However, with the Relative Strength Index (RSI) at 78, there are signs of overbought conditions, hinting at a possible correction. Plus, ONDO’s futures Open Interest has surged, indicating continued market interest and potential for further gains. With backing from Trump’s crypto project and growing investor interest, ONDO is showing strong potential for continued growth. Investors will be watching closely to see if the token can maintain its upward momentum in the coming days.
Trump’s Bitcoin Reserve could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Bitcoin Reserve (TRUMPRES), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPRES is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump’s Bitcoin Reserve can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump’s Bitcoin Reserve could become the next viral memecoin. Trump’s Bitcoin Reserve launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump’s Bitcoin Reserve on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Bitcoin Reserve by entering its contract address – 2GxwMgJnqbDuDec9gMVNfN2n8eVf7ks1EUv1RZSCLNm1 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRES. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.