Bitcoin [BTC] continues to attract market demand despite recent pullbacks.
As 2024 nears its conclusion, Ethereum price fluctuations are being closely monitored. The trajectory of the cryptocurrency is critically influenced by key resistance and support levels, as indicated by recent analysis from crypto experts, which suggests a cautiously optimistic outlook. Related Reading: Ethereum Adoption Grows As BlackRock ETF Secures 1 Million ETH Important Price Levels To Monitor Analyzing cryptocurrencies, Justin Bennett emphasized the importance of Ethereum recovering the $3,540 level over the weekly period on December 22. This pricing range is regarded as necessary to show a potential change in the market toward optimism. Should Ethereum be unable to clear this barrier, it runs the danger of sliding below the significant support zone of $3,000, leading to a drop toward $2,600. For investors as well as speculators, a drop of this degree would be costly. As bullish as I’m turning with the overall setup going into 2025, buyers still have work to do. For example, $ETH needs to recover $3,540 on the weekly time frame to look bullish next week. Buyers have 33 hours to get it done.#Ethereum pic.twitter.com/cAChCbJxjd — Justin Bennett (@JustinBennettFX) December 21, 2024 Market Sentiment And Analyst Predictions The analysis by Titan of Crypto who utilized the Ichimoku cloud approach to predict probable recovery further strengthens the optimism surrounding Ethereum. The analyst noted that Ethereum has retested some critical levels, which gives the impression that the present correction cycle is about nearing its end. The strength of Kumo Cloud’s support line indicates that Ethereum may well form a base for higher moves if it can manage to hold on to the existing levels. Whales Ramp Up Accumulation Meanwhile, Ethereum whales have increased their holdings and amassed about 340,000 ETH, which is worth more than $1 billion, in just a few days. This rise in accumulation shows that big investors are becoming more confident of the prospects of the altcoin. Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details https://t.co/fZe8jWmQ3S — Jose JM (@CryptoJoseJM) December 22, 2024 In addition, spot Ethereum ETFs have garnered inflows of over $2 billion since their introduction in the US market, which is indicative of the growing interest in these instruments. If regulatory authorities permit staking yields within these funds, analysts anticipate that this trend could surpass Bitcoin ETFs by 2025. Ethereum Price Forecast At the time of writing, Ether was trading at $3,330, down 0.7% and 15.7% in the daily and weekly timeframes, data from Coingecko shows. Based on how the Ethereum market is doing right now, there will likely be a positive upward trend within the next week, despite Ether’s numbers flashing red in the charts. Analysts are hopeful about its chances of recovering, even though it is selling at a 21% discount to what they think it will be worth in a month. Source: CoinCheckup A potential breakout that could test critical resistance levels is being indicated by technical indicators such as the Relative Strength Index (RSI) and Moving Averages. Ethereum is anticipated to experience a robust development trajectory in the medium to long term, with a 35% price increase within the next three months and a remarkable 100% growth within a year, according to projections. Featured image from DALL-E, chart from TradingView
Bitcoin Suffers First Weekly Decline Since Trump's Election Victory | Japanese Firm Metaplanet Makes its Largest-Ever Bitcoin Purchase | Trump Taps Bo Hines to Lead Crypto Council
The post Can Hamster Kombat S2 Ignite a Comeback for HMSTR Token? appeared first on Coinpedia Fintech News We all have seen the last rally and adding 240 million players to HMTR created a historic example. With this in mind will it repeat the magic? The HMSTR token, currently trading at $0.002693, faces a significant challenge in reaching $0.01 before 2025. To achieve this, the price needs to rise by over 73%, a feat it has managed in the past, but given the current market conditions and the token’s performance, it seems increasingly unlikely. While the entire market saw a bloodbath and BTC may take two more dips it will be interesting to see if HMSTR hits the bull’s eye. Hey Hamsters! We know you’ve been waiting for this one… We would like to finally give you a taste of what’s coming in Season 2! Our ideas and ambitions pushed us to spend all the past weeks building this. Season 2 will be more than just a game, it turned out much bigger… pic.twitter.com/KIwZfQRahs — Hamster Kombat (@hamster_kombat) December 22, 2024 Let’s see what’s building the bullish momentum. The Rise and Fall of HMSTR The Hamster Kombat S2 beta announcement temporarily lifted the token’s price, sparking a surge. The team introduced a $3k prize pool, attracting some attention and briefly boosting the token’s value. However, despite the excitement around the S2 launch, the price quickly faced massive selling activity, and interest in the game started to shake. Once boasting an active user base of 300 million, Hamster Kombat now struggles with only 27 million players. The major decline in users, combined with Binance’s decision to delist the token due to insufficient trading activity, highlights the broader struggles HMSTR has faced. The Struggle is REAL The significant drop in player interest is one of the biggest challenges for the token. Initially, Hamster Kombat, a Telegram-based mini-game, gained massive popularity with its tap-to-earn mechanics, but now its user base has dropped dramatically. Despite this, the game’s developers are hopeful that Hamster Kombat S2 could revive interest. With just days left before 2025, HMSTR’s path to $0.01 seems slim. The token’s consolidation and the lack of bullish market conditions, especially with the possibility of Bitcoin facing further downturns, only add to the difficulty. The last major rally for HMSTR occurred during a general market upswing, which is not currently on the horizon. Can Season 2 Bring a Turnaround? The upcoming full launch of Hamster Kombat S2 could be the turning point for the HMSTR token. While the beta version has sparked some buzz, it’s the full-season launch that may drive a lasting rally. Season 2 will introduce new games and lay the foundation for HamsterVerse, which could reignite interest in the game and attract new players. The Telegram mini-gaming company needs more players to attain a new ATH and that is only possible how useful will be this Beta version for players and its functionality? While the company claims it will be bigger than expected the market signals are unlikely.
Pepe coin price has experienced a sharp crash, undoing most of the gains made earlier this month when it surged to a record high. While the price has stabilized in the past few days, a rare chart pattern on the daily chart points to a potential 35% crash. Pepe’s open interest in the futures market also points to more downside in the near term. Pepe Coin Price Bearish Flag Points To More Downside The Pepe Coin price is grappling with substantial bearishness, and it has crashed below the 50-day Exponential Moving Average (EMA) on the daily chart. This crash happened after the coin formed a doji candlestick chart pattern on December 9 when it hit a record high. A doji is a reversal candle made up of a small body and long upper and lower shadow, Pepe price is now slowly forming a bearish flag chart pattern, a common continuation sign. This pattern has a long vertical line that resembles a flag pole. A small rectangle-like consolidation follows it, often resulting in a strong bearish breakout. If this happens, the coin will likely drop to $0.00001437, its lowest level last week. The Pepe Coin price will then drop to the following key support level: $0.00001190, its highest on September 29, about 35% below the current level. The risk of further downside is that the coin formed a double-top chart pattern at $0.00002563 and a few false breakouts, which pushed it to a record high. Conversely, a move above the resistance at $0.000020, its highest level on December 21 and slightly higher than the 50-day moving average, will cancel the bearish flag pattern and lead to more gains, potentially to the double-top pattern at $0.00002563. Pepe Coin Price Pepe Futures Open Interest Has Crashed One factor that could emphasize the bearish Pepe coin price forecast is that futures open interest has crashed hard in the past few days. This interest peaked at $359 million earlier this month when the coin peaked at an all-time high. Pepe’s interest has now dropped to over $123 million, its lowest level since November 4. Futures interest is a crucial data that looks at unfilled orders. In some instances, a sharp crash in these orders can be a sign of waning demand. However, in other cases, a low interest can lead to more gains, as we saw on November 5 when it dropped to $108 million. Pepe Open Interest Pepe price sell-off will likely accelerate if Bitcoin price continues its recent sell-off. Historically, most altcoins have followed the price of Bitcoin, as we experienced last week when most of them plunged as BTC retreated below $100,000 . The post Rare Pepe Coin Price Pattern Hints 35% Crash appeared first on CoinGape .
Musk the Manipulator could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Musk the Manipulator (MUSKMANI), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days. This is because MUSKMANI 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 cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Musk the Manipulator 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 Musk the Manipulator could become the next viral memecoin. Musk the Manipulator launched with over $8,000 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 Musk the Manipulator 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 Musk the Manipulator by entering its contract address – DZpfk5LaLrnP6vSFJnLSMAopUuTJGiFk7543rQxh4ids – 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. 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 MUSKMANI. 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.
Binance has announced the launch of the Bio Protocol (BIO) coin. Farming for BIO will start on December 24, 2024, for ten days. Continue Reading: Binance Launches Bio Protocol Coin and Announces Farming Details The post Binance Launches Bio Protocol Coin and Announces Farming Details appeared first on COINTURK NEWS .
Trading since Wednesday , December 18, proved an uncomfortable reminder of the persistent volatility – perhaps even fragility – of even the strongest cryptocurrency bull runs. Despite the significant downturn that is, by press time on December 23, proving difficult to shake off, few investors and analysts believe that digital assets have topped this cycle and, indeed, most now look to the coming weeks and months for a renewed rally. Technical analysis ( TA ), as applied to Stellar ( XLM ) by the popular on-chain expert Ali Martinez, appears to back the mid and long-term optimism, and the token might, in fact, be poised for an imminent upswing. XLM chart showing the TD Sequential buy signal. Source: Ali Martinez Why XLM is poised for a rally Specifically, in a December 22 X post, Martinez explained that a technical analysis tool called TD Sequential is sending a buy signal for XLM, offering a chance for a rebound toward – and possibly beyond – the recent highs near $0.55. TD Sequential is used to gauge whether the current trend will persist or experience a reversal based on the historical performance of the asset. Martinez, however, added that there is a prerequisite for such a rally – a sustained holding above the critical support zone at $0.33. Fortunately for Stellar bulls, the token is trading somewhat comfortably above the level with XLM price today of $0.35977. XLM 7-day price chart. Source: Finbold Why an imminent XLM rally is not guaranteed Still, it is worth pointing out that the sum of the many technical analysis tools and indicators is not yet decisively bullish on Stellar. For example, the relative strength index ( RSI ), despite being on the optimistic side, remains relatively neutral at 43.78. Some tools – such as the volume-weighted moving average (VWMA) and the Hull moving average – remain fixed on the ‘sell’ side. Ultimately, despite TD Sequential’s ‘buy’ flash, XLM’s true test is yet to come as the token approaches its nearest resistance level near $0.38 – an uncertain prospect at press time as the last 24 hours of trading led to a 2.07% price decline. Featured image via Shutterstock The post Stellar (XLM) set for an imminent rally appeared first on Finbold .
As cryptocurrency markets gear up for a transformative 2025, a pro-crypto US Congress and global regulatory shifts are set to catalyze remarkable growth. With a burgeoning interest in Bitcoin, Ethereum,