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Bitcoin extended its pullback, trading at $96,954, as bulls defended the 50-day SMA amid mixed sentiment following U.S. inflation data. Ethereum faced resistance at $4,094, while XRP struggled at $2.24, with critical support levels identified for several altcoins, including Solana and Cardano. The market remains volatile, with traders weighing potential buying opportunities against the risk of deeper corrections.
Traders are closely monitoring key levels for Cardano (ADA) and Solana (SOL) as potential price movements could define their trajectories in the upcoming weeks. ADA has shown a 33.47% increase over the past month but recently declined by 10.12%, while SOL has grown 55.24% over six months but faced an 8.12% drop last week. Meanwhile, XYZVerse (XYZ) is emerging as a notable contender in the 2024 bull run, blending sports and meme culture for potential substantial growth.
2021 highlighted the rise of Polygon (POL) and Solana (SOL) in the blockchain arena, while 2025 is set to focus on Rexas Finance (RXS) and Cardano (ADA). Rexas Finance aims to revolutionize asset management by enabling the tokenization of real-world assets, with a presale raising over $28.8 million. Meanwhile, Cardano whales are accumulating ADA, reflecting a bullish sentiment despite recent price corrections.
Solana's price has faced significant volatility, dropping nearly 20% to around $175 amid a broader market sell-off that erased over $250 billion. Despite a recent rebound to $187, concerns over regulatory comments from the Fed Chair suggest that Solana may struggle to maintain bullish momentum, with potential consolidation between $198 and $186 before further price action. If bullish support wanes, the price could dip closer to $155.
Cardano's upcoming Plomin hard fork and its Plan 529 initiative are generating optimism for ADA, which recently surged to a two-year high. Meanwhile, Solana is consolidating after reaching an all-time high, with bullish sentiment bolstered by recent ETF filings. The Lunex Network is making waves in DeFi with its innovative cross-chain DEX, attracting significant presale interest and achieving a 283% gain for early investors.
Solana's price has dropped 40% from its $228 resistance, currently struggling at $183, with a bearish RSI of 26 indicating potential further declines. The Total Value Locked (TVL) has plummeted 8% overnight to $8.45 billion, raising concerns of a repeat of past double-digit price drops. Despite the bearish outlook, some analysts remain optimistic, suggesting that a recovery above $203 could lead to a retest of the $230 resistance, with projections hinting at a possible surge beyond $400 by year-end if market conditions improve.
XRP has surged 105.06% in the past month, maintaining its position as the fourth-largest cryptocurrency despite recent price consolidation. Key metrics indicate mixed market conditions, with support at $2.28 crucial for potential upward movement to $2.53 and $2.90. Meanwhile, Solana faces challenges with a bearish trend, testing critical support levels, while JetBolt emerges as a notable contender with innovative zero-gas technology and a successful presale.
Solana's price remains stable around $210, achieving nearly 67 million daily transactions despite recent market turbulence from the Federal Reserve's policy changes. The network's strong performance and balanced trading activity indicate growing adoption and a maturing market structure, with key resistance levels at $225 and $240 being closely monitored.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
Solana has confirmed an uptrend with a bull flag breakout, targeting price levels of $320 and $340, supported by a key support/resistance flip. Meanwhile, Lunex Network has surged over 283% in its presale, aiming to create a non-custodial exchange platform for over 50,000 assets across 40+ blockchains, with significant growth in presale revenue.
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