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Solana (SOL) is showing signs of recovery, trading above $190 after testing the $175 support level. The price faces resistance near $200 and $205, with key levels at $208 and $215 potentially paving the way for further gains. However, failure to break above $208 could lead to a decline, with initial support at $195 and major support at $188.
XRP price has rebounded above the $2.25 mark but is struggling to overcome the $2.350 resistance level. A bullish trend line supports the price at $2.285, while initial support is near $2.28. If the resistance is not cleared, a decline towards $2.240 or lower could occur.
Ethereum is experiencing a recovery wave, trading above $3,420 and the 100-hourly Simple Moving Average, with a bullish trend line forming at $3,425. The price faces resistance near $3,550; a breakthrough could propel it towards $3,650 and potentially $3,800. Conversely, failure to surpass this resistance may lead to declines, with key support levels at $3,425 and $3,375.
Bitcoin has initiated a recovery, trading above $95,000 and breaking key resistance levels, including $98,000. The price is consolidating gains near $99,400, with immediate resistance at $99,000 and a critical level at $100,000, which could trigger further increases. However, failure to surpass $99,000 may lead to declines, with support levels at $97,000 and $96,000.
Several figures in the crypto industry have landed on Santa's "Naughty List" for 2024 due to alleged scams and misconduct. Pastor Eli Regalado is accused of defrauding church members of $3.2 million through a bogus crypto token, while brothers Jonathan and Tanner Adam face SEC charges for a $60 million Ponzi scheme. Additionally, crypto influencer Sahil Arora is under scrutiny for exploiting celebrity connections to profit from meme coins, and viral star Hailey Welch's HAWK token launch has been criticized for insider trading signs. The SEC has ramped up enforcement actions, reflecting a growing crackdown on fraudulent activities in the digital asset space.
Dogecoin (DOGE) is showing signs of recovery after dipping to $0.2613, currently trading above $0.320 and the 100-hourly simple moving average. The price faces immediate resistance at $0.3350, and a breakthrough could lead to further gains towards $0.3750 and beyond. However, failure to surpass this resistance may trigger another decline, with key support levels at $0.30 and $0.2620.
XRP price is showing signs of a fresh surge, currently trading near $2.25 and aiming to break the $2.30 resistance. A successful move above this level could propel the price towards $2.420 and potentially $2.50. However, failure to surpass $2.30 may lead to a decline, with key support levels at $2.188 and $2.120.
Avalon Labs has successfully raised $10 million in a Series A funding round, co-led by Binance Labs and Kraken Ventures, boosting the USUAL token price by over 20%. The investment aims to enhance Usual's innovative approach to the stablecoin market, emphasizing community ownership and governance. The protocol's decentralized stablecoin, USD0, is backed by real-world assets, providing security and liquidity while promoting transparency in decentralized finance.
Ethereum price has dropped below $3,450, struggling to recover after a decline below the $3,500 mark. Currently, it faces resistance at $3,445, with major support levels at $3,220 and $3,200. A breakthrough above $3,550 could lead to gains towards $3,650 and beyond.
Bitcoin has extended its losses, trading below the $95,000 mark and showing bearish signs, with potential declines below the $92,000 support level. Immediate resistance is at $95,000, while major support levels are identified at $92,500 and $91,200. If the price fails to rise above $95,000, further declines could lead it toward the $90,000 zone.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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