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BTC
$96,006
1.51%
ETH
$3,412.92
0.27%
USDT
$0.9994
0.05%
BNB
$667.90
1.75%
XRP
$2.22
1.65%
SOL
$188.90
3.58%
DOGE
$0.3078
3.83%
USDC
$1.00
0.04%
ADA
$0.9102
2.33%
STETH
$3,413.06
0.00%
TRX
$0.2452
2.10%
AVAX
$38.36
2.63%
WBTC
$97,267.71
1.71%
LINK
$22.78
0.64%
TON
$5.33
0.61%
SHIB
$0.00002146
4.01%
DOT
$7.11
0.89%
BCH
$439.83
0.43%
LEO
$9.37
2.38%
NEAR
$5.22
1.02%
BTC
$96,006
1.51%
ETH
$3,412.92
0.27%
USDT
$0.9994
0.05%
BNB
$667.90
1.75%
XRP
$2.22
1.65%
SOL
$188.90
3.58%
DOGE
$0.3078
3.83%
USDC
$1.00
0.04%
ADA
$0.9102
2.33%
STETH
$3,413.06
0.00%
TRX
$0.2452
2.10%
AVAX
$38.36
2.63%
WBTC
$97,267.71
1.71%
LINK
$22.78
0.64%
TON
$5.33
0.61%
SHIB
$0.00002146
4.01%
DOT
$7.11
0.89%
BCH
$439.83
0.43%
LEO
$9.37
2.38%
NEAR
$5.22
1.02%
BTC
$96,006
1.51%
ETH
$3,412.92
0.27%
USDT
$0.9994
0.05%
BNB
$667.90
1.75%
XRP
$2.22
1.65%
SOL
$188.90
3.58%
DOGE
$0.3078
3.83%
USDC
$1.00
0.04%
ADA
$0.9102
2.33%
STETH
$3,413.06
0.00%
TRX
$0.2452
2.10%
AVAX
$38.36
2.63%
WBTC
$97,267.71
1.71%
LINK
$22.78
0.64%
TON
$5.33
0.61%
SHIB
$0.00002146
4.01%
DOT
$7.11
0.89%
BCH
$439.83
0.43%
LEO
$9.37
2.38%
NEAR
$5.22
1.02%
BTC
$96,006
1.51%
ETH
$3,412.92
0.27%
USDT
$0.9994
0.05%
BNB
$667.90
1.75%
XRP
$2.22
1.65%
SOL
$188.90
3.58%
DOGE
$0.3078
3.83%
USDC
$1.00
0.04%
ADA
$0.9102
2.33%
STETH
$3,413.06
0.00%
TRX
$0.2452
2.10%
AVAX
$38.36
2.63%
WBTC
$97,267.71
1.71%
LINK
$22.78
0.64%
TON
$5.33
0.61%
SHIB
$0.00002146
4.01%
DOT
$7.11
0.89%
BCH
$439.83
0.43%
LEO
$9.37
2.38%
NEAR
$5.22
1.02%
USD

Ad
Rakesh Upadhyay
2 hours ago


PRICE ANALYSIS 12/20: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, TON

A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC
and altcoins as they continue to buy dips below key support levels.

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9:51

Price Analysis
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Bitcoin BTC $96,006 extended its pullback for the third consecutive day, but
lower levels attracted solid buying by the bulls. The cooler-than-expected
United States inflation data likely fuelled the bounce. The Federal Reserve’s
preferred inflation metric, the Personal Consumption Expenditures (PCE) index,
came in at 2.4% versus economists’ expectations of 2.5%.

That helped improve sentiment, which turned bearish after the Fed chair Jerome
Powell forecasted the likelihood of two rate cuts in 2025, down from the four
that were projected in September. 

Crypto market data daily view. Source: Coin360

Is this the start of a deeper correction or an opportunity to buy before the
uptrend resumes? That’s the crucial question in traders' minds. Whalemap
analysts said in a post on X that the Onchain Volume Profile shows Bitcoin’s
accumulation range is forming at the current prices, and the one below is in the
$60,000 to $67,000 zone.

What are the crucial supports to watch out for in Bitcoin and the altcoins?
Let’s analyze the charts of the top 10 cryptocurrencies to find out.


BITCOIN PRICE ANALYSIS

Bitcoin broke below the support line of the ascending channel pattern and fell
to the 50-day simple moving average ($91,792) on Dec. 20.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The solid rebound off the 50-day SMA shows that the bulls are fiercely defending
the level. The relief rally is expected to face selling at the 20-day
exponential moving average ($99,142). If the price turns down sharply from the
20-day EMA, the possibility of a break below the 50-day SMA increases. The
BTC/USDT pair may collapse to $85,000 and eventually to $73,777.

On the upside, the bulls will have to drive and sustain the price above the
20-day EMA to suggest that the selling has reduced. That increases the prospects
of a retest of the all-time high at $108,353.


ETHER PRICE ANALYSIS

Ether’s ETH $3,412.92 failure to break above the $4,094 resistance on Dec. 16,
may have tempted buyers to book profits.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The ETH/USDT pair broke below the 20-day EMA ($3,689) on Dec. 18 and nosedived
to $3,101 on Dec. 20. The bulls aggressively bought the dip and are trying to
push the price back above the downtrend line. If they manage to do that, the
pair may recover to the 20-day EMA, which is a critical level to keep an eye on.

After the sharp fall, the pair is expected to remain volatile in the near term
and consolidate inside the large range between $3,000 and $4,094.


XRP PRICE ANALYSIS

XRP XRP $2.22 has been witnessing a tough battle between the bulls and the bears
at the 20-day EMA ($2.23).

XRP/USDT daily chart. Source: Cointelegraph/TradingView


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The long tail on the Dec. 20 candlestick shows that the bulls are fiercely
defending the 61.8% Fibonacci retracement level of $1.90. This is a critical
level for the bulls to defend because a break below it could sink the pair to
the 50-day SMA ($1.55). 

The 20-day EMA is flattening out, and the RSI is just above the midpoint,
suggesting a range formation in the near term. The XRP/USDT pair may oscillate
between $1.90 and $2.73 for a few days.


SOLANA PRICE ANALYSIS

Solana SOL $188.90 turned down sharply from the 20-day EMA ($218) on Dec. 18 and
plummeted below the $210 support.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The bears maintained their selling pressure and pulled the SOL/USDT pair below
the support line on Dec. 20. If the price closes below the support line, the
pair could descend to $155.

The downsloping 20-day EMA and the RSI near the oversold territory indicate that
bears are in command. Buyers will have to push and sustain the price above the
20-day EMA to signal a comeback.


BNB PRICE ANALYSIS

BNB BNB $667.90 rose above the $722 resistance on Dec. 17, but the failure to
sustain the higher levels may have triggered the selling.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The BNB/USDT pair plunged below the 50-day SMA ($652) on Dec. 20, but the long
tail on the candlestick shows buying at lower levels. If buyers maintain the
price above the 50-day SMA, the pair could swing between $635 and $722 for a
while.

Instead, if the price turns down sharply from the 20-day EMA ($691), it will
suggest a negative sentiment. The bears will then again attempt to sink the pair
below $635. If they succeed, the pair may decline to $543.


DOGECOIN PRICE ANALYSIS

Dogecoin DOGE $0.3078 plunged below the 50-day SMA ($0.35) on Dec. 19,
indicating that the bears are back in the game.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The long tail on the Dec. 20 candlestick shows that the bulls are trying to
arrest the decline at the 61.8% Fibonacci retracement level of $0.27. The
recovery is expected to face selling at the moving averages. If the price turns
down from the overhead resistance, the DOGE/USDT pair could plummet to the
breakout level of $0.23.

The first sign of strength will be a break and close above the 20-day EMA
($0.38). That will indicate aggressive buying at lower levels.


CARDANO PRICE ANALYSIS

Cardano ADA $0.9102 completed a bearish head-and-shoulders pattern when it fell
below the neckline on Dec. 19.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The long tail on the Dec. 20 candlestick shows that the bulls are trying to
defend the breakout level at $0.80 because the failure to do so may sink the
ADA/USDT pair to $0.69. If this support also cracks, the pair may descend to the
pattern target of $0.50.

This negative view will be invalidated in the near term if the price turns up
and breaks above the 20-day EMA. That will indicate solid demand at lower
levels. The pair may consolidate between $1.20 and $0.80 for a few days.

Related: Why is Ethereum (ETH) price down today?


AVALANCHE PRICE ANALYSIS

Avalanche’s AVAX $38.36 selling accelerated after the price broke below the
20-day EMA ($45.64) on Dec. 18.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

The AVAX/USDT pair has dipped below the 50-day SMA ($39.94), indicating that the
breakout above $51 may have been a bull trap. If the price remains below the
50-day SMA, the next stop is likely to be $30.50.

Buyers will attempt to start a recovery but are likely to face strong selling at
the 20-day EMA. A break and close above the 20-day EMA will be the first signal
that the selling pressure is reducing.


CHAINLINK PRICE ANALYSIS

Chainlink LINK $22.78 turned down sharply on Dec. 18 and slipped below the $23
support on Dec. 20, indicating that the buyers are rushing to the exit.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The 50-day SMA ($18.82) is the crucial support to watch out for in the short
term. If the price rebounds off the 50-day SMA, the LINK/USDT pair may rise to
the 20-day EMA ($24.26). Sellers are expected to mount a strong defense at the
20-day EMA. If the price turns down sharply from the 20-day EMA, the possibility
of a break below the 50-day SMA increases.

Contrary to this assumption, If the price closes above the 20-day EMA, it will
signal buying on dips. The pair may then climb toward $27.41.


TONCOIN PRICE ANALYSIS

Toncoin TON $5.33 broke below the 50-day SMA ($5.80) on Dec. 18 and reached the
$4.72 to $4.44 support zone on Dec. 20.

TON/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($5.99) has been turned down, and the RSI is in the negative
zone, signaling that bears have the upper hand. Buyers are expected to defend
the $4.44 level with all their might because a break below it will complete a
bearish H&S pattern. The TON/USDT pair could then sink to $3.50.

Any recovery attempt is likely to face selling at the 20-day EMA. A break and
close above the 20-day EMA will be the first indication that the bears are
losing their grip. The pair could attempt a rally to $7.

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 * #Bitcoin
 * #Dogecoin
 * #Cryptocurrencies
 * #Altcoin
 * #Federal Reserve
 * #Ethereum
 * #Bitcoin Price
 * #XRP
 * #Markets
 * #Cryptocurrency Exchange
 * #Inflation
 * #Interest Rate
 * #Cardano
 * #TON
 * #Price Analysis
 * #Binance Coin
 * #Chainlink
 * #Market Analysis
 * #Solana
 * #Avalanche


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